1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jeyben [28]
3 years ago
8

The local electronics store is offering a promotion​ "1-year: same as​ cash," meaning that you can buy a TV​ now, and wait a yea

r to pay​ (with no​ interest). So, if you take home a $ 1 comma 150 TV​ today, you will owe them $ 1 comma 150 in one year. If your bank is offering 4 % ​interest, what is the true cost of the TV to you​ today?
Business
1 answer:
Xelga [282]3 years ago
8 0

Answer:

Real cost of the tv= $1104

Explanation:

Giving the following information:

You can buy a TV​ now, and wait a year to pay​ (with no​ interest).

So, if you take home a $ 1,150 TV​ today, you will owe them $ 1,150 in one year.

Your bank is offering 4 % ​interest, you can lend the $1,150 to the bank and profit from the interest generated.  

We need to use the following formula:

FV= PV*(1+i)^n

FV= Final value

PV= present value

i= interest rate

n= number of years

FV= 1150*(1.04)^1= $1196

Real cost of the tv= 1150- 46= $1104

You might be interested in
Suppose the country of Lilliput exported 263 billion dollars worth of goods while they imported 477 billion dollars worth of goo
Usimov [2.4K]

Answer:

1. -$214 billion

2. a trade deficit

Explanation:

1. The balance of trade denotes the difference between the exports and imports.

In mathematically,

Balance of trade = Exports - imports

So,

Balance of trade = $263 billion - $477 billion

                            = -$214 billion

2. As the balance of trade comes in a negative amount which represents that imports value is more than the exports value so it would be a trade deficit

8 0
3 years ago
ok so when I first joined it said questions could be answered in less than 10 min. Im looking through the unanswered and some ha
Liono4ka [1.6K]

Answer:

Explanation:

Well if the person doesnt know the answer , then none of them will answer the quation. Until someone knows the answer , the question will be blank. if the question is not answered for a long time then the question will be deleted eventually by the moderators.

Hope this helps :)

5 0
3 years ago
Eduardo sold 500 shares of northcutt corporation stock on the new york stock exchange. this transaction:____.
Rasek [7]

Since Eduardo sold 500 shares of Northcote corporation stock on the new York stock exchange. this transaction is known to be occurred in the secondary market.

<h3>What Is a Secondary Market? </h3>

The secondary market is known to be a type of a market where investors are said to come together so as they can be able to buy and sell securities that they are said to have  already own.

Note that it is what a lot of  people often  think of as the "stock market," and as such, Since Eduardo sold 500 shares of Northcote corporation stock on the new York stock exchange. this transaction is known to be occurred in the secondary market.

Learn more about secondary market from

brainly.com/question/14484986

#SPJ1

: Eduardo sold 500 shares of Northcutt Corporation stock on the New York Stock Exchange. This transaction: Multiple Choice took place in the primary market occurred in a dealer market occurred in the secondary market. involved a proxy

7 0
2 years ago
Economist A says all of the following: The economy needs expansionary fiscal policy to remove it from a recessionary gap. Govern
lana [24]

Answer:

The correct answer is:

Government should either raise its <u>expenditures</u> or cut<u> taxes</u>. I believe the government spending multiplier is <u>greater</u> than the tax multiplier, so I favor <u>this policy</u>.

Explanation:

To begin with, an <em>"expansionary fiscal policy" </em>represents the tool that a government has in order to give response to a recessionary context in where the economy is falling down by decreasing its production. That is why, that in this type of policy the actions that are to be taken comprehends the reduction of taxes that the public sector collects from the private sector and also to increase the public expenditures that the government has with the purpose to estimulate the demand and offer of goods.  

4 0
3 years ago
What are examples of financial obstacles to a career plan? Check all that apply. I was unable to save enough money to pay for co
Murrr4er [49]

Answer:

Explanation:

The following reasons are all examples of financial obstacles to a career plan...

  • I was unable to save enough money to pay for college.
  • The bank did not approve my loan application to fund my new company.
  • I applied for but did not receive a college scholarship.

All of these examples, make it difficult for the individual to pursue the career that they want due to a lack of finances. This includes both going to college to pursue learn and enter the job world that you want as a career as well as forming a company and entering the market that you want as a career as an entrepreneur.

6 0
3 years ago
Read 2 more answers
Other questions:
  • Haruo conducts some preliminary audience analysis and finds that seniors at retirement communities know very little about the In
    15·1 answer
  • Financial compensation falls into two general categories, which are:
    13·1 answer
  • Le 3-3. assume that zimbabwe and portugal each has 60 machine minutes available. originally, each country divided its time equal
    10·1 answer
  • olga fjord sells computers. she earns a 4.5% commission on sales. how much must she sell in order to earn $9000
    5·1 answer
  • A real estate company owns 120 apartments which are fully occupied when the rent is $650 per month. Analytics indicate that for
    7·2 answers
  • A new truck, manufactured by General Motors Corp. (GMC), stalled in rush hour traffic on a busy interstate highway because of a
    6·2 answers
  • General Motors purchased on account a shipment of iron bars from Furnace Inc. and promptly paid within the discount period. Comp
    11·1 answer
  • PLSS ASAP HELLPP How many of the colonists of Jamestown died before they made it to shore, due to the difficult voyage? WILL GIV
    6·1 answer
  • Accounts payable, end of year $ 5,643 $ 9,588 Accounts receivable, net, end of year 21,325 16,438 Inventory, end of year 7,944 7
    14·1 answer
  • 3. If you are the victim of fraud in Oklahoma, the best place to start is by
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!