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Sindrei [870]
3 years ago
8

Towne Station is saving money to build a new loading platform. Three years ago, they set aside $23,000 for this purpose. Today,

that account is worth $31,406. What rate of interest is Towne Station earning on this investment?
Business
1 answer:
goldenfox [79]3 years ago
6 0

Answer:

Interest rate = 10.94%

Explanation:

The future value is the estimated worth of an investment at a specified time assuming a particular interest rate. The present value is the initial amount invested.

For Towne station the future value of their investment is $31,406, and three years ago they put in $23,000.

To get the interest rate we will use the following formula

Future value= Present value* {(1+ interest rate)^number of years}

31,406= 23,000* {(1+Interest rate)^3}

Interest rate = 0.1094~10.94%

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A $250,000 loan is to be amortized over 8 years, with annual end-of-year payments. Which of these statements is CORRECT? a. If t
Anarel [89]

Answer:

The answer is "Option b".

Explanation:

In this scenario, the second option, which would be the percentage within each transaction that's also interest instead of the full amount, would've been lower if the rate of interest were lower because interest-related transactions would have been higher at lower rates and conversely, as opposed to the main refunds.

7 0
3 years ago
Quien es el equipo con más champions​
Black_prince [1.1K]

Responder:

Real Madrid

Explicación:

El Real Madrid ha ganado la Liga de Campeones un récord asombroso 13 veces. (Todo lo que hice fue buscar en Google "quién es el equipo con más campeones" y eso es lo que obtuve) Espero que esto ayude.

6 0
3 years ago
Danny "dimes" donahue is a neighborhood's 9-year-old entrepreneur. his most recent venture is selling homemade brownies that he
skelet666 [1.2K]

Answer:

A) Price elasticity of demand = 8

B) PED is elastic

C) increase Danny's total revenue

Explanation:

we can calculate the price elasticity of demand using the formula:

PED = % change in quantity demanded / % change in price = [(300 - 100) / 100] / [(1.5 - 2) / 2] = (200 / 100) / (-0.5 / 2) = 2 / 0.25 = 8

if the PED is the same when the price decreases from $1 to $0.50, total revenue will    :

  • when price = $1.50, total revenue = $1.50 x 300 = $450
  • when price = $1, total revenue = $1 x 1,100 = $1,100

*a 33.33% decrease in the price will cause a 266.6% increase (= 33.33% x 8) increase in the quantity demanded = 300 units + (300 x 266.6%) = 300 + 800 = 1,100 units

7 0
3 years ago
Retepson, Inc. has been in business for over 50 years. Retepson is best known for its Guide to Colleges line of books designed f
Elina [12.6K]

Answer:

a) Anyone with Internet access can find any of the information included in the Guide to Colleges series.

Explanation:

when we say innovation what we mean is a new idea, a new method, or a new way of doing things.

option A is the answer because using the internet to search for information is a form of innovation that has would bring about immense amount of changes from the former way of doing things. the internet itself is an innovative medium and it serves different purposes.

if anyone with internet can easily access information, then such an innovative ideas should be emphasized

3 0
3 years ago
A company is considering whether to purchase or lease a piece of equipment for an upcoming project. The cost to purchase is $10,
marta [7]

Answer:

If the company is going to use the machine for 20 days, it is cheaper to lease it.

Explanation:

Giving the following information:

The cost to purchase is $10,000 plus $100 per day to operate or $500 per day to lease

<u>First, we need to structure the total cost formula for each option:</u>

Purchase= 10,000 + 100x

x= number of days

Lease= 500x

x= number of days

<u>Now, we can determine the total cost for 20 days:</u>

Purchase= 10,000 + 100*20= $12,000

Lease= 500*20= $10,000

If the company is going to use the machine for 20 days, it is cheaper to lease it.

6 0
3 years ago
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