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masya89 [10]
3 years ago
11

What is the typical relationship between time and interest rate

Business
1 answer:
FrozenT [24]3 years ago
8 0

The longer the period of time the higher the interest rate

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A hospital incurs $10 million of cost to treat Medicaid patients and receives $7 million in payment. Actual charges for these Me
Snowcat [4.5K]
<span>It would be: $3 million ($10 million in cost less $7 million in payment)</span>
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3 years ago
you deposit $6000 in an account earning 2% interest compounded continuously. how much will you have in the account in 10 years?
Gre4nikov [31]

Future Value is $7,327.20

<h3>What is compound interest ?</h3>

Compound interest is the interest on deposits that is computed using both the original principal and the interest accrued over time.

It is thought that the concept of "interest on interest" or compound interest first appeared in Italy in the 17th century. Compared to simple interest, which is just charged on the principal amount, it will cause a sum to grow more quickly.

Money grows more quickly when it is compounded, and compound interest increases as the number of compounding periods increases.

CI formula :  A = P(1 + r/n)^nt

where,

P = principal balance,

r = interest rate,

n = number of times interest is compounded per time period and

t = number of time periods.

To solve this question :

A = P(1 + r/n)^nt

= 6,000 (1 + 0.02/12) 120

= USD 7,327.20

To know more about compount interest, visit :

brainly.com/question/14295570

#SPJ4

4 0
1 year ago
Scoop Masters Inc. has been charged by Fab Flavors Corp. with stealing Fab Flavors' patented process for making ice cream. After
amm1812

Answer:

No - FALSE

Explanation:

Scoop Masters Inc. has been charged by Fab Flavors Corp. with stealing Fab Flavors' patented process for making ice cream. After the papers are filed, Scoop Masters begins shredding all documents pertaining to its ice cream-making process. Since no motion has been made requesting production of documents, Scoop Masters has done nothing wrong is a false statement. Scoop Masters Inc. has done really wrong. They have stolen someone else's idea of making a product even without their consent and then without mentioning their name and rights and trademarks. Moreover, they shredded all the proof in order not to be caught by the court in law. They have some serious crime which is totally wrong and unacceptable in all cases at all grounds.

8 0
3 years ago
What was the name given to the trade system where finished manufactured goods were sent to africa in exchange for slaves who wer
Alex Ar [27]
A.) The Triangular Trade


7 0
3 years ago
All of the following describe a budget appropriately EXCEPT: A. It is the best tool to help you get more for your money. B. It i
Liono4ka [1.6K]

Answer:

Ithink B

Explanation:

but I'm not sure

5 0
3 years ago
Read 2 more answers
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