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Fantom [35]
4 years ago
8

You have $64,000 in a savings account that pays 2% annual interest and the

Business
1 answer:
klio [65]4 years ago
7 0

Answer:

$793.60

Explanation:

Inflation refers to the general increase in prices. It reduces or erodes the purchasing power of a currency.

Interest rate represents the rate of money growth from an investment or savings.

Inflation will, therefore, decrease purchasing power while interest rate will add to the currency strength. Loss or gain in purchasing power will be determined by the difference between the inflation rate and the interest rates.

In this case, the loss in purchasing power will be the inflation rate (3.24%) - interest rate (2%).

=3.24%-2%

=1.24%

1.4% decline in purchasing power will equal to 1.4% x $64,000

= 1.24/100 x $64,000

=0.0124

=$793.60

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Explanation:

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4 years ago
You oversee compliance with financial regulations for credit card transactions. You need to block out certain ports on the indiv
Paha777 [63]

Answer: HIPS (Host-based Intrusion Prevention System)

Explanation:

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7 0
4 years ago
astrid is starting a new job that involves a lot a driving, and she wants to have a comfortable new car with the latest gadgets.
Mama L [17]

Answer:

She better lease a car for work.

Explanation:

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4 0
2 years ago
If a company issues 2,500 shares of common stock at a market price of $48 per share, which of the following is the correct balan
Yuri [45]

Answer:

A. Increase cash by $120,000 and increase contributed capital by $120,000

Explanation:

when a company issues common stock then the company's cash balance and shareholders fund increases.

in this case, the company issued 2,500 shares of common stock at price $48;

The effect increase cash = 2,500*48

                                         = $120,000

The effect increase contributed capital = 2,500*48

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Answer:

Grab some peanut butter ;)

Explanation:

And your favorite pet;)

7 0
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Read 2 more answers
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