2 years ago

Inflation is best understood as the rate at which __________.

1 answer:

3 0

Prices are increasing.

'Prices' are generally a measure of a bundle of goods and services that consumers purchase on a regular basis.

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Slim made a single deposit of $5,000 in an account that pays 7.2% in 2015. What equal-sized annual withdrawals can Slim make fro

evablogger [386]

Answer:

annual withdrawals is $1,393.87

Explanation:

given data

Amount Deposited = $5,000

Annual Interest Rate = 7.2%

First withdrawal = 2020

last withdrawal = 2025

solution

we consider equal sized annual withdrawals = x

so we can say that Amount Deposited amount will be as

$5,000 = $\frac{x}{(1+0.72)^5} + \frac{x}{(1+0.72)^6} + \frac{x}{(1+0.72)^7} + \frac{x}{(1+0.72)^8} + \frac{x}{(1+0.72)^9} + \frac{x}{(1+0.72)^{10}}$ ..........1

we take common here $\frac{x}{(1+0.72)^{4}}$

$5,000 = $\frac{x}{(1+0.72)^{4}} \times ( \frac{1}{(1+0.72)^1} + \frac{1}{(1+0.72)^2} + \frac{1}{(1+0.72)^3} + \frac{1}{(1+0.72)^4} + \frac{1}{(1+0.72)^5} + \frac{1}{(1+0.72)^{6}} )$

solve it we get

x = $1,393.87

so that annual withdrawals is $1,393.87

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2 years ago

Which of the following is a common sense safety procedure that can help prevent electrical accidents

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Putting the wrong wires together and not knowing what goes to what

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a firm decided to spent 2% of its profit onn free education to the children of nearby area. indicate the value involved in this

OlgaM077 [116]

Positive reputation in local community would attract new customer

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Haylock Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 8,00

Yuliya22 [10]

Answer:

Check the explanation

Explanation:

Calculate august cash disbursement for manufacturing budget :

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Variable overhead per hour 1.40

Variable manufacturing overhead 11200

Fixed manufacturing overhead 100540

Total manufacturing overhead 111740

Less : Depreciation -8810

Cash disbursement for manufacturing overhead 102930

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3 years ago

Which one of the following is not a financial intermediary? A. Security dealers B. Insurance companies C. Real estate investment

Mars2501 [29]

I think the answer is A) Security dealers

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