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
Suppose 20.0 g pieces of gold and iron, both initially at 100oC, are added to different containers of water, both initially at 2
Sauron [17]

Answer:

  • The final temperature in the container with Gold is 27.49 ⁰C
  • The final temperature in the container with Iron is  33.01  ⁰C

Therefore, the highest final temperature is obtained in the container with Iron.

Explanation:

Q = mcΔT

Where;

Q is the quantity of heat gained or lost

m is the mass of the metals or water

c is the specific heat capacity

ΔT is the change in temperature, T₂ - T₁

T₂  is the final temperature and T₁ is the initial temperature

Heat lost by metals at 100°C is equal to heat gained by water at 25°C

-Q_{metal} = Q_{water}

-Q_{Au} = Q_{H_2O} \\-Q_{Fe}  = Q_{H_2O}

Specific heat capacity of water = 4.18 J/g°C

Specific heat capacity of gold = 0.129 J/g°C

Specific heat capacity of iron  = 0.45 J/g°C

⇒For Gold

-20*0.129*(T₂ - 100) = 18*4.18 (T₂ - 25)

-2.58T₂ +258 = 75.24T₂  - 1881

77.82T₂  = 2139

T₂  = 2139/77.82

T₂ = 27.49 ⁰C

⇒For Iron

-20*0.450*(T₂ - 100) = 18*4.18 (T₂  - 25)

-9T₂  +900 = 75.24T₂ - 1881

84.24T₂ = 2781

T₂  = 2781/84.24

T₂ = 33.01  ⁰C

Therefore, the highest final temperature is obtained in the container with Iron.

5 0
3 years ago
in 1998 fischer corp issued bonds with an 8 percent coupon rate and a 1000 face value. the bonds mature on marc 1, 2023. if an i
ArbitrLikvidat [17]

Answer:

approximate YTM = 7.48%

Explanation:

the approximate yield to maturity = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]

approximate YTM = {$80 + [($1,000 - $1,050)/15]} / [($1,000 + $1,050)/2]

approximate YTM = ($80 - $3.33) / $1,025

approximate YTM = $76.67 / $1,025

approximate YTM = 0.0748 ≈ 7.48%

5 0
3 years ago
Why is the market demand curve for public goods calculated as a vertical summation of individual demand​ curves?
never [62]

Answer:

c

Explanation:

A public good is a good that is non excludable and non rivalrous. Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue. The demand curve for public goods is summed vertically because all individuals can consume every unit of the good at the same time.

A private good is a good that is excludable and rivalrous. They are usually exchanged in the market by private sector businesses. It is only you who purchased the ferrari and those you allow that can use the ferarri.

8 0
3 years ago
WHEN MUST A TAXPAYER WHO HAS RECIEVED STOCK APPRECIATION RIGHTS FROM AN EMPLOYER INCLUDE THE VALUE OF THE RIGHTS IN INCOME
irina1246 [14]

Answer:

"There are no federal income tax consequences when you are granted stock appreciation rights. However, at exercise you must recognize compensation income on the fair market value of the amount received at vesting. An employer is generally obligated to withhold taxes. Depending on the rules of your plan, the employer may satisfy that withholding obligation by withholding cash or shares. The remaining net proceeds will be deposited into a brokerage account. If you receive net shares and sell them at a later point, the appreciation in value of the shares from the time of exercise to the time of sale will be treated as a capital gain or loss. Whether it is a long-term or short-term gain or loss will depend on how long the shares are held."

Explanation:

I don't know if this helps, but here is a quate i found.

https://www.fidelity.com/webcontent/ap002390-mlo-content/18.09/help/learn_stock_appreciation_rights.shtml

6 0
2 years ago
"A 65-year old retired teacher living on a pension has $200,000 invested in 2 year certificates of deposit that are yielding 4%.
Luba_88 [7]

Answer:

Equity REIT's

Explanation:

In this scenario, it can be said that the best recommendation would be Equity REIT's. These are Real Estate Investment Trusts. REIT's tend to pay a higher dividend yield than most other types of stocks since they have been structured to generate net rental income. While maintaining the risk level moderate due to the underlying diversification of the trust itself. Therefore since the yield is higher and the risk level moderate this is the best next investment for the teacher to get into.

5 0
3 years ago
Other questions:
  • Employees with a(n) ________ locus of control will probably resist close managerial supervision and should probably be placed in
    10·1 answer
  • A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. Which of the fol
    10·2 answers
  • If the dollar falls by 20% against the euro and rises by 10% against the yen, which of the following values for European and Jap
    9·1 answer
  • Firms that sell luxury products, custom-made products, and services often take the time to significantly modify their products i
    5·1 answer
  • A company expected its annual overhead costs to be $1,500,000 and direct labor costs to be $1,000,000. Actual overhead was $1,45
    8·1 answer
  • A 60-year old retiree is in a very low tax bracket. He has a low risk tolerance and wishes to make an investment that will provi
    8·1 answer
  • A project that cost $80000 with a useful life of 5 years is being considered. Straight-line depreciation is being used and salva
    5·2 answers
  • Masco is a consumer discretionary company that focuses on home improvement products. Here is a breakdown of the revenue concentr
    11·1 answer
  • Why do people start business?​
    14·1 answer
  • Company A uses the FIFO method to account for inventory and Company B uses the LIFO method. The two companies are exactly alike
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!