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IrinaK [193]
3 years ago
15

For the next 6 years, you plan to make equal quarterly deposits of $600.00 into an accountpaying 8% compounded quarterly. How mu

ch will be the total you have at the end of the time
Business
1 answer:
viva [34]3 years ago
8 0

Answer:

Final Value= $18,253.12

Explanation:

Giving the following information:

For the next 6 years, you plan to make equal quarterly deposits of $600.00 into an account paying 8% compounded quarterly.

To calculate the final value, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit= 600

n= 6*4= 24

i= 0.08/4= 0.02

FV= {600*[(1.02^24) - 1]}/ 0.02= $18,253.12

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agasfer [191]

Answer:

False.

Explanation:

(1) Units produced = 24 units of output

At the 24th unit of output,

Marginal revenue = $5

Marginal cost = $4

MR ≠ MC

At the 25th unit of output,

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MR = MC

At the 26th unit of output,

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MR ≠ MC

A firm maximizes its profit at a point where the marginal revenue is equal to the marginal cost i.e. MR = MC.

It is clear from the above scenario that this firm doesn't stop at 24 units of output because at this point of production profit maximizing condition is not fulfilled which means MR ≠ MC.

This firm should stopped at 25 units of output where marginal revenue is equal to the marginal cost from the 25th unit of output.

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3 years ago
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Ber [7]

Answer:

The best answer is C.

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3 years ago
Which of the following statements regarding a tax sheltered annuity (tsa) is incorrect? the income from the tsa is received inco
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2 years ago
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netineya [11]
First calculate the amount financed
Amount financed=725−50=675

The formula is
I=(2yc)/(m (n+1))
Solve for c to get
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Total of payments=675+98.44=773.44

Monthly payment is
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Hope it helps!

7 0
3 years ago
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