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swat32
3 years ago
6

3. Suppose Tyrone wants to open a savings account that earns 3.5% simple interest per year. He wants it to be worth $1500 in 4 y

ears. How much does he need to deposit in the account today to make that happen? Round to the nearest whole dollar.
Business
1 answer:
saw5 [17]3 years ago
3 0

Answer:

$1,307

Explanation:

The computation of the future value by using the following formula is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years  

$1,500 = Present value × (1 + 0.035)^4

So, the present value is

= $1,500 ÷ (1.035)^4

= $1,307

Hence, the present value is $1,307 and the same is to be considered

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3 years ago
The _______________ on Lay's potato chips informs customers that the chips received the "Best Taste Award" among leading classic
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7 0
3 years ago
Which position has the duty to examine the cost implications of a proposed bill?
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3 0
3 years ago
Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production
DedPeter [7]

Answer:

The leisure time enjoyed by households The costs of overfishing and other overly intensive uses of resources

The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

GDP calculated using the expenditure approach =

Consumption spending + Investment spending + Government Spending + Net Export

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2. Externality

3. Transfer payment

4. Illegal activities

I hope my answer helps you

7 0
4 years ago
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