Answer:
Interest earned= $200
Step-by-step explanation:
Giving the following information:
Initial investment= $20,000
Interest rate= 3%
Inflation rate= 2%
First, we need to calculate the real interest rate. <u>The inflation rate decreases the value of money through time. We need to deduct from the interest rate, the inflation rate.</u>
Real interest rate= 0.03 - 0.02= 0.01
<u>Now, we can calculate the interest earned in year 1:</u>
Interest earned= PV*(1+i)^n - PV
Interest earned= 20,000*(1.01^1) - 20,000
Interest earned= $200
Answer:d
Step-by-step explanation:
356-14 divided by 6
Answer:
A and D
Step-by-step explanation:
A) 10+2^3*4-1 D) 10+(2^3*4)-1
10+8*4-1 10+(8*4)-1
10+32-1 10+32-1
42-1 42-1
41 41
Using the midpoint formula, you'd get B: -1,1
: D
