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Iteru [2.4K]
3 years ago
12

If you deposit an amount of $1000 today (January 1st) and continue depositing into the account an amount growing by 5% per annum

at the end of each subsequent year for five years, what balance will you have in the account at the end of the 5th year? (r = 10% p.a.)
$ 3,150
$4,150
$5,150
$6,150
Business
1 answer:
Bezzdna [24]3 years ago
7 0

Answer:

$5,525.63

Explanation:

The formula for calculating future value = A (B / r)

B = [(1 + r)^n] - 1

R = interest rate

n = number of years

((1.05)^5 - 1) / 0.05 = 5.525631

$1000 x 5.525631 = $5,525.63

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Andreas93 [3]
From what I understood in the problem, the total budget that covers all types of media is only $1,000 per month. For the allocation, each type of media would get at least 25% of the budget. If we infer on this information, there should only be 4 types of media, at least. This is because four 25% portions would equal to 100%. If it exceeds 25% for each of the four types, it would be over the $1000 budget. With that being said, it is also possible that there will be 3 or 2 types of media. Nevertheless, let's just stick to the least assumption of 25% for each of the 4 types.

If local newspaper advertising is one of the four types, then:

$1000(25%) = $250

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5 0
3 years ago
A Romer economy starts off with an initial stock of ideas equal to 100. The total population in the economy is 60, two of the wo
Reptile [31]

The stock of ideas in period 10 is 122.

<u>Explanation:</u>

  • A stock thought is the underlying driving force to examine a potential value venture. A stock thought is the initial phase in a procedure of screening, research, and judgment that eventually prompts a choice to put or not put resources into a given stock.  
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      Stock of ideas = initial stock idea(1 + productivity parameter  2)^10  

                               = 100(1 + 0.01 x 2)^10  

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6 0
3 years ago
Jacobs Company has inventory of 15 units at a cost of $12 each on June 1. On June 5, Jacobs purchased 10 units at $13 per unit.
Crank

Answer:

The value of the inventory on hand is $210

Explanation:

Inventory on hand / purchased;

June 1 - 15 units at $12

June 5 - 10 units at $13

June 12 - 20 units at $14

total units on hand = 45 units

Sale - 30 units sold

units left on hand 15.

Since there are only 15 units left on hand, and the $12 and $13 inventory units have all been sold since they were in first before the inventory purchased on June 12 the value of the inventory on hand is 15 x $14 = $210.

8 0
3 years ago
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Some therapists suggest that clients have pushed memories of childhood victimization into the unconscious mind. In other words,
Genrish500 [490]

Answer: repression:

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3 0
4 years ago
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Answer:

True

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Lawyers may specialize in a specific area such as crime, tax, environment, and so many others. Other prominent job titles for lawyers include Attorney General,  Associate Attorney, Attorney, Attorney at Law, General Counsel, and Partner.

7 0
3 years ago
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