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tekilochka [14]
4 years ago
7

If you invest $1,000 at 12% interest, how much money will be in the account after two years, compounded annually? $1,240 $1,120

$1,254.40 $1,300
Business
1 answer:
Dima020 [189]4 years ago
3 0

Answer:

FV= $1,254.4

Explanation:

Giving the following information:

Initial investment= $1,000

Number fo years= 2

i= 12% compunded annually

To calculate the future value, we need to use the following formula:

FV= PV*(1+i)^n

PV= present value

FV= 1,000*(1.12^2)

FV= $1,254.4

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All of the following would be found in a bond resolution for a new municipal issue except A) the issuer's obligations to bondhol
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Answer:

C) the costs to be incurred by the issuer in connection with the offering.

Explanation:

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hope this helps have a nice day :)

6 0
3 years ago
Suppose that a manager is interested in estimating the average amount of money customers spend in her store. After sampling 36 t
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Answer:

The store manager is 95% confident that the average amount spent by all customers is between $ 31.84 and $ 38.66.

Explanation:

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It should be noted that, for example, 95% confidence level implies that there is a 95% chance that the true mean of the population lies within the calculated confidence interval.

Therefore, the statement which gives a valid interpretation of the interval in the question is the first one which states that "the store manager is 95% confident that the average amount spent by all customers is between $ 31.84 and $ 38.66."

I wish you the best.

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3 years ago
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Answer:C

Explanation:

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Answer:

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