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Schach [20]
3 years ago
6

What is the future value of $750 one year from today if the interest rate is 2.5 percent? a. $768.75 b. $766.50 c. $770.23 d. no

ne of the above are correct to the nearest cent?
Business
1 answer:
BartSMP [9]3 years ago
3 0

To get the future value of this amount, we should use the formula I = Prt so that we could get the interest and then add it to the principal amount to get the future value.

I = Prt

Where: P stands for principal, r for the rate and t for time.

Plugging in the values in the given:

I = (750) (0.025) (1)

Interest = 18.75

 

Future value = Principal + Interest

= 750 + 18.75

= 768.75

The answer is letter a.

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200,000

Explanation:

As he has repaid the loan amount of 200,000 he has earned 200,000 so he has to show 200,000 as income.

5 0
2 years ago
If a household's income rises from $46,000 to $48,000 and its consumption spending rises from $38,00 to $39,500 then the MPC is
bulgar [2K]

Answer:

0.5

Explanation:

marginal propensity to consume Can be regarded as the increase in pay that is been consumer experience on the purchasing of products which is just a part at aggregate. Instead of consumer to save

We are told that income rises from $46,000 to $48,000.

The difference= $48,000-$46,000= $2000

✓consumption spending rises from $38,00 to $39,500

The difference= $39,500-$38,00= $1000

Then the marginal propensity to consume can calculated as ratio of the difference in consumption spending to income rise

=1000/2000=0.5

Therefore, the MPC is 0.5

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2 years ago
Customer: An entity that describes a customer. An instance occurs for unique customers only using name, date of birth, and login
Tasya [4]

Answer:

1. The relationship between customer and Online - One to one

2. The relationship between customer and Satisfaction - One to many

3. The relationship between online and visits - Many to many

4. The relationship between Visits and satisfaction - Prototype

Explanation:

The relation ship with customer is often one to one. The customers are required to fill the satisfaction surveys which enable the business to understand their value in the eyes of its customers and try to improve their level of service to their customers. The customer satisfaction is important for any business as the satisfied customer may bring more customers.

5 0
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If convertible bonds were issued at a discount, when computing diluted EPS, the amortization of the bond discount: Multiple Choi
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<u>Answer:</u> Option 1

<u>Explanation:</u>

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6 0
3 years ago
Jasmine Smith owns a condo worth $340,000, a car valued at $27,000, and miscellaneous assets worth $8,500. She owes $189,000 on
Misha Larkins [42]

Answer:

her total assets are $422,000

Explanation:

The computation of the total assets is shown below:

Jasmine Smith's total assets is

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= $340,000 + $27,000 + $8,500 + $46,500

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hence, her total assets are $422,000

We simply applied the above formula so that the correct amount could come

7 0
3 years ago
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