Answer: $2
Explanation:
The Supply curve S1 represents the supply before tax. The equilibrium price at this point is therefore $3.
With taxes, the supply curve is S2 and the equilibrium price has now gone up to $5.
The amount that XYZ will be left with after paying the tax is:
= Price after tax - price before tax
= 5 - 3
= $2
Answer:
a. $519
b. $481.69
c. $500 Today
Explanation:
a. Computation of amount in one year
= $500 × 1.038
= $519
for computing the 1.038 (1 + 1.038)
b. Computation of amount of today
= $500 ÷ 1.038
= $481.69
c. $500 today
No, because today I have money and it will not depend on when I need the money. I can earn interest and invest the amount till the time I need the money actually.
Answer: It all ties back to the fundamental way banks make money: Banks use depositors' money to make loans. The amount of interest the banks collect on the loans is greater than the amount of interest they pay to customers with savings accounts—and the difference is the banks' profit.
Explanation: Hopefully this helped!
Answer and Explanation:
Full answer an explanation attached