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3 years ago

15

You need to have $33,250 in 11 years. You can earn an annual interest rate of 4 percent for the first 6 years, and 4.6 percent f

or the next 5 years. How much do you have to deposit today

1 answer:

Shkiper50 [21]3 years ago

5 0

Answer:

$11,667.91

Explanation:

Let the amount of deposit which needs to be made today is A. We have:

A x 1.04^6 + (A x 1.04^6 x 1.046^5) = 33250

A = $11,667.91

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If the price index has a value of 122 then the inflation rate during the past year was 22%. True or False

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If I am correct it is true

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The demand for wooden pencils is very responsive to a change in price. That is, the demand for these pencils is highly elastic.

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D. Price will rise, quantity purchased will fall, and gross revenues will fall.

Explanation:

It will lead to a higher price of the good as the management has to take into consideration the amount to wages to be paid to the workers, thus increasing the price of the goods. This will result to a lower demand at a higher price because the price increases and competitions will take advantage of the situation and that will also reduce the revenue of the firm.

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2 years ago

Country Able and Country Baker initially have the same real GDP per capita. Country Able experiences no economic growth, while C

muminat

Answer:

The correctt answer that fills the gap is Double.

Explanation:

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3 years ago

Dave has $100,000 to invest in 10 mutual fund alternatives with the following restrictions. For diversification, no more than $2

Over [174]

Answer:

Check the explanation

Explanation:

Let the binary variables be: x1,x2,x3.....x10. If x1=0, no amount is invested in fund 1 and if it is 1 it means that an amount is invested. Let y1,y2.....y 10 be the variables for the amount invested.

Kindly check the first attached image for the table.

The objective is to maximize the return. Hence our objective function is: 6.7%*y1+7.65%*y2+7.55%*y3+7.45%*y4+7.5%*y5+6.45%*y6+7.05%*y7+6.9%*y8+5.2%*y9+5.9%*y10. This has to be maximized.

Constraints:

(i) y1,y2.....y10<=25,000 (no more than $25,000 can be invested in any one fund)

(ii) If x1=1, y1>=10,000, 0. This what if formula will be applicable for all the variables. (If a fund is chosen for investment, then at least $10,000 will be invested in it).

(iii) x1+x2+x3+x4<=2 (No more than two of the funds can be pure growth funds)

(iv) y9+y10>=y1+y2+y3+y4 (at least as much as the amount invested in pure amount invested in pure bond funds must be at least as much as the amount invested in pure growth funds)

(v) all x's are binary and all y's>=0. (vi) y1+y2+y3+y4....y10 = 100,000 (amount to be invested)

Solving in excel using the solver function the following solution is obtained:

Kindly check the second attached image for the table.

Thus the maximum return = $7056.25

Amount invested in different funds are:

Kindly check the Third attached image for the table.

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3 years ago

If a business has a negative cash flow, the revenue must be _____ operating expenses.

Vlad [161]

<h3>Answer :</h3>

<em>Less than</em>

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2 years ago