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kumpel [21]
3 years ago
7

Isaac only has $1,090 today but needs $1,979 to buy a new computer. How long will he have to wait to buy the computer if he earn

s 5.4 percent compounded annually on his savings? Assume the price of the computer remains constant. 11.83 years

Business
2 answers:
o-na [289]3 years ago
7 0

Answer:

It will take 11 years and 124 days.

Explanation:

Giving the following information:

Isaac only has $1,090 today but needs $1,979 to buy a new computer. Interest rate= 5.4 percent compounded annually

To calculate the number of years, we need to use an alternative formula of the future value formula.:

FV= PV*(1+i)^n

Isolating n:

n=[ln(FV/PV)]/ln(1+r)

n= [ln(1,979/1,090)] / ln(1.054)

n= 11.34 years

<u>To be more accurate:</u>

0.34*365= 124

It will take 11 years and 124 days.

Sidana [21]3 years ago
7 0

Answer: Isaac will have to wait for 11.34 years for the money to grow to that amount

Explanation:

Please, kindly see the attached for more explanation

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andrew-mc [135]

Answer:

The firm will sell 600 units at $20

Explanation:

Giving the following information:

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p = price per unit

d = 800 - 10p

p must be between $20 and $70.

Elastic demand

We have to calculate how many units the firm will sell at $20

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3 years ago
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Answer:

A) Indirect exporting

Explanation:

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This is the easiest way of exporting since GHB will only be responsible for delivering the goods to the intermediary, and it will not need invest anything in the country. The intermediary assumes the risks of selling the goods directly to customers or using wholesale distributors.

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Explanation:

A perfect competition is a form of market structure that has many buyers and may sellers. In a perfect competition, there is a free entry and exit for producers as there is no barrier.

Also, firms are price takers as no producer can influence the price of the goods in the market unlike in an imperfect competition which is a price maker as producers can influence price. Firms also sell identical products that are the same in quality, size etc.

In a perfect competition, production is not characterized by significant economies of scale. That is an assumption that can be found in monopoly.

Therefore, option A is the right answer.

7 0
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Any increase in price of Coca-cola will make Becky to shift to Pepsi.

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The definition of a manager is someone who is responsible for overseeing and motivating employees and directing the progress of an organization. Examples of managers include those responsible for customer service, handling customer disputes, and supervising and monitoring customer service representatives.

A good manager can lead a team and help it grow while maintaining complete control over the business and its performance. These people are the ones who can always adapt to new situations, encourage others to reach their full potential, and achieve their highest goals. A manager is an organizational representative who is responsible for managing the work of a group of employees and taking necessary actions when necessary.

Learn more about managers here

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