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KatRina [158]
3 years ago
8

Assuming a country's economy maintains an 8% rate of growth, young adults starting at age 20 would see the average standard of l

iving in their country more than double by the time they had reached age __________.
Business
1 answer:
kogti [31]3 years ago
5 0

The formula for exponential growth rate is:

A = Ao e^(k t)

where A is the final standard of living, Ao is the initial, k is the growth rate constant in decimal = 0.08, t is time elapsed

 

So we will find t at A/Ao = 2

A/Ao = e^(k t)

2 = e^( 0.08 t)

t = 8.66 ~ since more than therefore 9

 

So by the time they reached age 29

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Your girlfriend just won the Florida lottery. She has the choice of $15,000,000 today or a 20-year annuity of $1,050,000, with t
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Answer:

3.44%

Explanation:

For this question we use the RATE formula that is shown on the attachment

Data provided in the question

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2 years ago
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Lorico [155]

Answer:

A. Cash basis $5,750

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despite the fact that you will comply with the request, an explanation as to why the customer is to blame.

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