1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nastasia [14]
3 years ago
10

Dawn Swift discovered that 20 years​ ago, the average tuition for one year at an Ivy League school was​ $15,000. Today, the aver

age cost is​ $60,000. What is the growth rate in tuition cost over this 20minus−year ​period?A. 15.5%
B. 4.2%
C. 7.18%
D. 10.6%
Business
1 answer:
KATRIN_1 [288]3 years ago
7 0

Answer:

C. 7.18%

Explanation:

Formula for calculating growth rate

= (Current amount/initial amount) ^ 1/n - 1

Given that

Initial amount = 15000

Current amount = 60000

n = 20

Therefore,

Growth rate = (60000/15000)^1/20 - 1

= (4)^1/20 - 1

= 1.07177 - 1

= 0.07177

To percentage we multiply by 100

So,

= 0.07177 × 100

= 7.177%

Approximately

= 7.18%

You might be interested in
What are the three main goals of monetary policy?
MakcuM [25]
The three objectives of monetary policy are :
-controlling inflation
-managing employment levels
-maintaining long term interest rates.

Don't forget click ”thanks”♥️ for me
6 0
2 years ago
Any restructuring of operations that ____ the difference between a foreign currency's inflows and outflows may ____ economic exp
zvonat [6]

Answer:

The correct answer is c. reduces; reduce.

Explanation:

Economic exposure is a type of exposure to exchange rate risk caused by the effect of unexpected currency fluctuations on a company's cash flows, foreign investment, and future earnings.

Economic exposure, also known as operating exposure, can have a substantial impact on a company's market value, as it has far-reaching effects and is long-term in nature. Companies can protect themselves against unexpected currency fluctuations by investing in currency markets (FX).

Unlike transaction exposure and conversion exposure (the other two types of currency exposure), economic exposure is difficult to measure accurately and therefore difficult to hedge. Economic exposure is also relatively difficult to hedge because it faces unexpected changes in exchange rates, unlike expected changes in exchange rates, which form the basis of companies' budget forecasts.

5 0
3 years ago
If you are holding a premium bond, you must expect a _______ each year until maturity. If you are holding a discount bond, you m
prisoha [69]

Answer:

i dont know lol hahhahahhah

Explanation:

5 0
2 years ago
Question 5 of 10
LekaFEV [45]
C you’re taking a class to show you want to have more skill
7 0
2 years ago
Kray Inc., which produces a single product, has provided the following data for its most recent month of operations:
Ilya [14]

Answer:

$76

Explanation:

The computation of Unit product cost under variable costing is shown below:-

Unit product cost under variable costing = Direct material + Direct labor + Variable manufacturing overhead

= $47 + $21 + $8

= $76

So, for calculating the Unit product cost under variable costing we simply added the direct material, direct labor and variable manufacturing overhead.

7 0
3 years ago
Other questions:
  • MC Qu. 122 Marian Corporation has two... Marian Corporation has two separate divisions that operate as profit centers. The follo
    11·1 answer
  • Polly Smith, a supervisor at Kroger's, was recently evaluated by her subordinates. Their responses indicated that Polly uses The
    7·1 answer
  • Aloan Co. provides the following sales forecast for the next three months: January February March Sales units 3,000 4,200 5,000
    11·1 answer
  • Paying attention to trends that might impact your future career is called
    15·2 answers
  • A mentor is a person who is advised, trained, or counseled by a trusted mentee.
    14·1 answer
  • Activities that involve the production or purchase of merchandise and the sale of goods and services to customers, including exp
    7·1 answer
  • The ABC Lawn Company aims for a high number of clients that result in high profits. To meet its goal ABC markets its landscaping
    7·1 answer
  • Bakan Corporation has provided the following production and average cost data for two levels of monthly production volume. The c
    11·1 answer
  • If a firm's marginal costs _____ then its _____. Group of answer choices rise; output increases fall; best-response curve shifts
    6·1 answer
  • The investment and capital spending boom of the late 1990s most likely resulted in a(n):_______
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!