This problem is solved by using the compound interest formula:
A=P(1+(I/period))^(number of periods)
Where A = amount accumulated and P = amount loaned and I = Interest
A = ? P = $2, 000, I = 0.115, Period = 2 (semi annually) Number of period = 2
*7 (I. e paid twice over a 7 yrs span)
So we have
A = 2000 ( 1 + 0.115/2)^(14)
A = 2000 ( 1 + 0.0575)^(14)
A = 2000 (1.0575)^(14)
A = 2000 (2.1873851765154) = 4374.77035
So we have 4374.80 to the nearest cent.
"Providing welfare benefits" government policies pursues the economic goal of equity.
<u>Option:</u> B
<u>Explanation:</u>
To ensure economic stability the government offers welfare benefits for the vulnerables. Welfare benefits are federal programs supported by the government for the families and individuals who need such assistance. Welfare benefits include reimbursement for unemployment, food stamps and support for health care. There seem to be six significant welfare programs in the United States. These include
- Temporary Assistance for Needy Families (TANF),
- Medicare,
- Supplemental Nutrition Assistance Program (SNAP or food stamps),
- Supplemental Security Income (SSI),
- Earned Income Tax Credit (EITC), and
- Housing Assistance.
Answer:
The total economic cost is $40,500 per year
Explanation:
The total economic cost per year is equal to the sum of:
* The opportunity cost relating to sacrificing the current work Greg is working on which is equal to his yearly salary of : $40,00.
* The opportunity cost relating to sacrificing the interest income earned on $10,000 saving, which he is now used for purchasing equipment, which is calculated as: 10,000 * current rate of savings = 10,000* 5% = $500 ( total cost of equipment is not included because e could sell the equipment for what he paid later on).
=> So, total economic cost per year is $40,000 + $500 = $40,500.
Answer: e) Elena will use test data to validate her model
Explanation:
Test data is a computer program that will help Elena to verify the type of results to expect using some set of inputs.
Based on the definitions of these data analytic types, the following are true:
- a. Descriptive analysis
- b. Descriptive analysis
- c. Prescriptive analysis
- d. Diagnostic analysis
- e. Predictive analysis
- f. Diagnostic Analysis
- g. Adaptive and Autonomous analysis
Descriptive analysis works by showing an overview of the current situation in the company and so would work well for McGowan Company and Zerrot Corporation.
Prescriptive analysis offers solutions to help a company achieve a goal and so is best to describe Wheelson Company.
Diagnostic analysis allows for a company to find out what the real problem is in a situation so describes Courtyard Freight and Johnson Stores.
Predictive is used to predict future scenarios and so describes Medavoy Operations forecasting.
Adaptive and Autonomous use machine learning and artificial intelligence so this describes Michelson Corporation.
In conclusion, there are different types of data analytics that can be used.
Find out more about data analysis at brainly.com/question/25782746.
