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emmasim [6.3K]
2 years ago
9

A judge requires Harry to make a payment to Sally. The judge says that Harry can pay her either $10,000 today or $12,000 two yea

rs from today. Of the following interest rates, which is the highest one at which Harry would be better off paying the money today?
a. 11 percent
b. 6 percent
c. 4 percent
d. 9 percent
Business
1 answer:
Stells [14]2 years ago
7 0

Answer:

d. 9 percent

Explanation:

After 2 years the value of $10,000 at present time =

$10,000 * (1 + x / 100)^2 = $12,000

(1 + x / 100)^2 = 12,00 / 10,000

(1 + x / 100)^2 = 1.2

The square root of 1.2 is 1.0954

(1 + x / 100) = 1.0954

x = 9.54

9%( Approximately.)

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The purpose of an analysis of an account is to illustrate - in the account for the period under audit
Archy [21]

Answer:

all changes

Explanation:

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There are two (2) main types of financial analysis;

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Under the horizontal analysis of financial statement, we use the financial statements of two or more periods; earliest and latter periods.

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3 0
2 years ago
Most Americans avoid the use of credit when it comes to buying big ticket items like a car or furniture for their home
Veseljchak [2.6K]
True........it is true because........
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How much money should be deposited annually in a bank account for five years if you wish to withdraw ​$5 comma 500 each year for
Zarrin [17]

Answer:

The initial deposit should be $ 25.46

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The Annuity formula is

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i=Interest rate

n=Number of years/periods

After entering corresponding values in the formula we get $25.46

so P (which is our initial deposit)=25.46

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