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Answer:
The flexible-budget amount is $120,000
Explanation:
The flexible-budget amount is the same lump sum as the static budget.
Therefore, The flexible-budget amount is $120,000.
Answer:
Amount of money invested is $2,000 and $4,000
Explanation:
In this question, we are asked to calculate how much was invested in two different accounts given the amount of money invested in both accounts.
Let the amount of money invested in both accounts be a and b respectively.
Mathematically;
A + B = 6000 ......I
Now we use the formula for simple interest to check the amount that is supposed to be made on Both accounts if he end of a year.
Formula for simple interest is I = PRT/100
Let’s apply this to what is on ground:
5*1* a/100 = 5a/100
Second is
9*b*1/100 = 9b/100
That is 5a + 9b = 38,000. ........ii
Solving Both simultaneously as follows:
Let A = 6000-b from 1
Substitute this into 2
5(6000-b) + 9b = 38,000
30,000 -5b + 9b = 38,000
4b = 8,000
b =$2000
This means a would be 6000 - 2,000 = $4000
A house is generally considered an appreciating asset because it may increase in value over time. Appreciation is an increase in the value of an asset over time. The increase of the value of the house may occur for a number of reasons, including increased demand or weakening supply, or as a result of changes in inflation or interest rates. One example would be: the neighborhood became very famous, so the value of the houses there will increase, because the demand will increase.
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