Ask question

Ask question

All categories

3 years ago

9

How much is $100 to be received in exactly one year worth to you today if the interest rate is 20%?

1 answer:

laiz [17]3 years ago

5 0

Answer:

Final Value= $120

Explanation:

Giving the following information:

How much is $100 to be received in exactly one year worth to you today if the interest rate is 20%.

We need to calculate the future value of the principal and the compounded interest:

FV= PV*(1+i)^n

FV= 100*1.20^1= $120

You might be interested in

here is more poi nts sorry for my last one that got flagged cause ech o2155 flagged my question I'm just doing a give away

Xelga [282]

Answer:

thanks bro

Explanation:

appreciate it

7 0

2 years ago

Mr. jackson borrowed money from his bank and on his life insurance to start a business. his interest rate on the bank loan was 1

Artyom0805 [142]

Let X be the amount borrowed from the bank and Y be the amount borrowed from the life insurance.

X + Y = 100,000

as he borrowed $100,000

0.10X + 0.12Y = 10900

10% = 0.10 and 12% = 0.12;

The total interest is $10,900

Solving the first equation for Y and multiplying the second equation by 100 to clear the decimals:

Y = 100,000 - X

10X + 12Y = 1090000

Plugging the first equation into the second:

10X + 12(100,000 - X) = 1090000

10X + 1200000 - 12X = 1090000 -------- distributive property

0 = 12X - 10X + 1090000 - 1200000 --- moves everything to right side, signs change; like to keep coefficient positive

0 = 2X -110000 --- combines like terms

110000 = 2x ---- solves for X

110000/2 = X --- adds 180000 to both sides; then divides by 4

X = 55000

Y = 100000 - 55000 = 45000

CHECK: 55000 x 10% + 45000 x 12% = 55000 x 0.10 + 45000 x 0.12

= 5500 + 5400 = 10,900

He borrowed 55000 from the bank and 45000 from the insurance.

8 0

3 years ago

bank run is ____________.A.an extraordinarily large volume of withdrawals driven by a concern that a bank will run out of liqui

evablogger [386]

Answer:

Option A

Explanation:

In simple words, Bank runs refers to the scenario when a significant amount of individuals begin to make bank withdrawals since they are afraid the organizations will run out of liquidity. Usually a run on the banks is the product of confusion instead of a true bankruptcy.

Bank run caused by panic that drives a bank into real bankruptcy provides a traditional example of a prediction that fulfills itself. The institution does defaults risk, as customers are continuing to withdraw money. So what starts out as fear will ultimately turn into some kind of true fallback situation.

5 0

3 years ago

Suppose Winston's annual salary as an accountant is $60,000, and his financial assets generate $4,000 per year in interest. One

arsen [322]

Answer:

$4,000

Explanation:

Implicit cost is the cost which is an income foregone internally, that is not the exact opportunity cost, here opportunity cost is salary foregone, that is $60,000.

But implicit cost would be $4,000 if the financial assets are now used in business, and are not left as they are.

Implicit cost is internally generated opportunity cost.

Since here he outlays, $8,000 let us say these were used earlier as financial assets to generate revenue, now $4,000 would be considered as implicit cost, that is earlier generated revenue from internal funds.

Final Answer

$4,000

5 0

3 years ago

Implementing and executing strategy successfully requires Implementing and executing strategy successfully requires:____________

dolphi86 [110]

Answer: C. . the efforts of a company's whole management team, not just a few senior managers

Explanation:

Planning, implementing and carrying out strategies requires a careful, collective and calculative decision to be made by all head of department and the board of an organization, because the decision taken will rub off through these departments for implementation. The decision or choice of decision should not be left to a few persons in the organization because when the ideas and plans are arranged the execution may fail as all the respective department were not involved by their heads.

5 0

3 years ago