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Ann [662]
3 years ago
8

Rick is looking to put some money in a savings account with a 3.8% interest rate. he currently has $4,780 saved, and he is tryin

g to save $5,800. what else does rick need to know in order to determine which savings account to choose?
Business
1 answer:
Brilliant_brown [7]3 years ago
5 0
Interest rate is only sufficient if the time component is known, this means that for us to know the value of any particular amount, we need to know the time at which the rate of interest is applicable. In our case Rick has been given interest rate of 3.8% on a savings account, this will be of little help to him until he has been informed about the time line of the interest rate which help him calculate the time value of money.  The remaining information that Rick should ask is the interest rate applicable on quarterly basis, semi-annual or annual basis.
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Robert Gillman, an equity research analyst at Gillman Advisors, believes in efficient markets. He has been following the mining
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Answer:

Growth rate 2.4%

Explanation:

MV=D1/(Ke-g)

Where MV=share market value=$15

D1=Dividend at year end=$.72

Ke=stock's expected rate of return=7.2%

By putting above values in formula, we get;

MV=D1/(Ke-g)

15=.72/(7.2%-g)

15*7.2%-15g=.72

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3 years ago
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After a strong hurricane lashed the Caribbean last year, many impacted countries were forced to borrow money for repairs. Which
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5 0
3 years ago
Coachlight Inc. has a periodic inventory system. The company purchased 205 units of inventory at $9.50 per unit and 310 units at
lukranit [14]

Answer:

Weighted average cost per unit = $10.10

Explanation:

We know,

Under weighted average unit cost, the cost for purchased inventory = Total inventory costs ÷ total inventory in units

Given,

Total inventory in units = 205 + 310 = 515 units

Total inventory costs = (205 units × $9.50) + (310 units × $10.50)

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Therefore,

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3 years ago
Suppose the quantity demanded of a particular good increases by 30%, and (the absolute value of) the price elasticity of demand
viktelen [127]

Answer: Option (c) is correct.

Explanation:

Given that,

Quantity demanded increases by = 30%

Price elasticity of demand = 2

Therefore,

Price elasticity of demand = \frac{Percentage\ change\ in\ quantity\ demanded}{Percentage\ change\ in\ prices}

2 = \frac{30}{Percentage\ change\ in\ prices}

Percentage change in prices = \frac{30}{2}

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Therefore, price of a particular good decreases by 15%.

8 0
3 years ago
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