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frez [133]
3 years ago
10

What interest rate (the nearest percent) must Charlie earn on a $362000 investment today so that he will have $1126000 after 10

years?
Business
1 answer:
Papessa [141]3 years ago
3 0

Answer:

12%

Explanation:

A = P(1+r)^n

A (amount) = $1126000

P (principal) = $362000

n = 10 years

1126000 = 362000(1+r)^10

1126000/362000 = (1+r)^10

(1+r)^10 = 3.1

1+r = 3.1^0.1

1+r = 1.12

r = 1.12 - 1 = 0.12 = 12%

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Reil [10]

Answer:

A. Specific Purpose

Explanation:

This is 101 for anyone who wants to write an effective speech, knowing what you want to accomplish and what you want the audience to do by the end of your speech is the idea behind this.

8 0
3 years ago
From an economic perspective, when consumers leave a fast-food restaurant because the lines to be served are too long, they have
Dmitry_Shevchenko [17]

Answer:

the marginal cost of waiting is greater than the marginal benefit

Explanation:

Marginal cost is the additional cost as a result of carrying out a particular activity.

Marginal benefit is the additional benefits that accrue to an individual for carrying out an activity

It is assumed that human beings are rational, utility maximisers. They would not continue to carry out an activity if the marginal cost is greater than the benefit

7 0
3 years ago
On November 1, 2021, Sandhill Co. places a new asset into service. The cost of the asset is $84000 with an estimated 10-year lif
Aneli [31]

Answer:

$7,200

Explanation:

According to the scenario, computation of the given data are as follows,

Total cost = $84,000

Salvage value = $12,000

Estimated life = 10 years

So, we can calculate depreciation expense by using following formula,

Depreciation yearly = (Total cost - Salvage value) ÷ Estimated life

= ($84,000 - $12,000) ÷ 10

= $72,000 ÷ 10

= $7,200

7 0
2 years ago
3. A trader has a short position of 10 contracts in a crude oil futures contract. Yesterday’s closing price was $55.30/barrel. T
forsale [732]

Answer:

The trader has incurred a loss because the price of crude oil futures has increased.

Loss = (Today's closing price - Yesterday's closing price) * 10 * 100

Loss = (57 - 55.30) * 100 Per contract

Loss = $170 per contract

Loss for 10 contracts = 170 * 10 = $1,700

Now the account balance = Current margin balance - Loss for 10 contracts

The account balance = 28,000 - 1,700

The account balance = $26,300

Maintenance margin for 10 contracts = 2,500 * 10 = $25,000

Since the account balance is greater than the required maintenance margin for 10 contracts, the investor is not required to deposit money into the margin account.

Explanation:

7 0
3 years ago
In a(n) ________, the consumer ranks a product's attributes in terms of perceived relevance or importance, then compares the var
mafiozo [28]

Answer:

Lexicographic decision rule

Explanation:

A lexicographic decision rule is one of the decision making rules in purchase that allows a product to be ranked according to its importance to the consumer.

When a consumer is to purchase a product, the consumer ranks products that are similar in use as well as how important the product is. This helps a consumer to make the best decision when it comes to purchasing.

Cheers.

6 0
3 years ago
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