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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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The answer is D. An increased interest rate.
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Why do people need to buy and sell products or services? people need to provide the market with goods and services. people need
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An airline is considering a project of replacement and upgrading of machinery that would improve efficiency. The new machinery c
Nikolay [14]

Answer:

$172.25

Explanation:

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using an excel spreadsheet and the NPV function, we can calculate the project's NPV with an 8% discount rate:

=NPV(8%,130.80,130.80,130.80,130.80,130.80) - $350 = $522.25 - $350 = $172.25

we can also do it manually:

NPV = -$350 + $130.80/1.08 + $130.80/1.08² + $130.80/1.08³ + $130.80/1.08⁴ + $130.80/1.08⁵ = $172.25

6 0
3 years ago
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Alexxandr [17]

Answer: See explanation

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The balance of payment show tge transactions that occur between a country and another country.

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b. Pepsi buys a factory in Mexico.

This is a financial capital outflow and the transaction is in the financial account.

c. A Brazilian company buys an apartment building in Boston.

This is a financial capital inflow and the transaction is in the current account.

d. The central bank of China purchases a U.S. Treasury Bond.

This is a financial capital inflow and the transaction is in the financial account.

e. A businessman is paid dividends on the stock from a foreign corporation that he owns.

This is a financial capital inflow and the transaction is in the financial account.

5 0
3 years ago
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