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Gnoma [55]
3 years ago
13

Suppose you deposit $10,000 into an account earning 6% interest (compounded annually). How much will you have in 10 years?

Business
1 answer:
Allushta [10]3 years ago
4 0

Answer:

$17,908.48

Explanation:

Given that

Deposited amount = $10,000

Rate of interest = 6%

Time period = 10 years

So the computation of the future value is shown below;

As we know that

Future Value = Amount × ( 1 + rate of Interest ) ^ time

= $10,000 × ( 1 + 6%) ^10

= $10,000 × 1.790847697

= $17,908.48

We simply applied the above formula

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500+400-15+40-5+500000-200+500​
Vikki [24]
The answer is 501220.
8 0
3 years ago
If Rajiv's Fire Engines were a competitive firm instead and $125,000 were the market price for an engine, decreasing its price f
Sonbull [250]

Answer:

b) False

Explanation:

The price reduction will stimulate demand for Rajiv's Fire Engines, in the short run, before competitors catch up or even overtake the firm with price reduction strategies of their own.  This will in turn drive sales and the production quantity to increase marginally in the short-run.  However, in the long-run, because the market is competitive, Rajiv Company will not totally benefit from the price reduction as the price war intensifies among the competitors.

5 0
3 years ago
Susanna strongly believes in the relationship between workplace communication and employee productivity, and she agrees with Ale
drek231 [11]

Answer:

The correct answer is number "2": allow them to continue for a reasonable amount of time.

Explanation:

According to Alex Pentland and Benjamin Waber’s "<em>Productivity through coffee breaks</em>", employees who relate to each other the most are more productive because as they have a certain knowledge of each one of them, they could make better work-related decisions.

In that case, as Susanna believes in Alex Pentland and Benjamin Waber’s research, she is likely to allow Steven and Amy to keep talking in Amy's cubicle for a reasonable time.

6 0
3 years ago
An agreement between Jim and his 18-year-old daughter, Betty, provides that he will give her $25,000 if she does not marry until
Mariulka [41]

Answer:

No, Jim is not correct.

Explanation:

Betty will win this case.

Generally, the law encourages marriage as its policy. If there is any contract that prevent or restrict marriage in whatever way, such contract would be considered null and void because it is against the public policy.

Despite the above, contracts will be generally considered valid when they place reasonable restrictions on marriage. In this question, the restriction placed on Betty that she should get married until after her 22nd birthday is reasonable and has to be considered to be valid. Based on this, Betty has to be paid the $25,000 as laid down in the binding contract between the two parties.

Therefore, Jim is not correct.

4 0
3 years ago
Which of the following is an example of the law of diminishing marginal​ returns? A. Holding capital​ constant, when the amount
Irina-Kira [14]

Answer:

The correct answer is option A.

Explanation:

The law of diminishing returns states that as we go on employing more and more unit of input while keeping other inputs constant, the return from each additional unit of input will go on declining.  

This means that the output produced from each additional unit of input will go on declining.

Here, as capital is kept constant and labor is increased by a unit, the output at first increases by 5 units from 20 to 25. But later when input is again increased by a unit, the output increase by only 3 units from 25 to 28.

This shows the law of diminishing marginal returns where the marginal returns from a unit of labor is declining.

3 0
3 years ago
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