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xeze [42]
3 years ago
6

Since your first​ birthday, your grandparents have been depositing $ 120 into a savings account every month. The account pays 6​

% interest annually. Immediately after your grandparents make the deposit on your 18th​ birthday, the amount of money in your savings account will be closest​ to:
Business
1 answer:
bulgar [2K]3 years ago
6 0

Answer:

FV= $46,482.38

Explanation:

Giving the following information:

Monthly deposit= $120

Interest rate= 0.06/12= 0.005

Number of periods= 18*12= 216

<u>To calculate the future value of the investment, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

FV= {120*[(1.005^216) - 1]} / 0.005

FV= $46,482.38

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Gross Private Domestic Investment 75, U.S. Imports 22, Personal Consumption Expenditures 250, Consumption of Fixed Capital 25, N
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Answer: Gross Domestic Product (GDP) = 250 + 75 - 22 = $303 billion

Explanation:

Gross Private Domestic Investment 75

U.S. Imports 22

Personal Consumption Expenditures 250

Gross Domestic Product (GDP) = 250 + 75 - 22 = $303 billion

7 0
3 years ago
Supporting information and materials are important to public speaking because
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<span>this will contribute to illustrate and strengthen your argument. Adding this supplementary materials will not only 'spice up' your speach but also demonstrate your proficiency of the issues you are talking about. For these reasons, the audience will regard you as a trustworthy person and more easily believe your statements.</span>
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At the beginning of the year, Carson Company reported total current assets of $658,000 and total assets of $2,450,000. Carson re
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Answer:

Total Asset Turnover: 2.2857

Explanation:

                           <u>Total Assets</u>    

       

Begininng Balance           2,450,000        

       

Ending Balance              2,800,000          

       

Period activity                      350,000    

       

<u>Sales:</u> 6,000,000      

       

<em><u>Total Asset Turnover</u></em>:          <u>         </u><em><u> Sales   </u></em>

<em>                                               Average Total Assets</em>

<u>                  6,000,000               </u>

( 2,450,000 + 2,800,000 )  / 2

=

<u>6,000,000</u>

2,625,000

=

<u>2.2857</u>

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3 years ago
Acme, Inc., which manufactures the fireworks that municipal governments buy to put on their annual fireworks shows on the Fourth
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Answer:

Reshoring.

Explanation:

Reshoring is the process of returning the production and manufacturing of goods back to the company's original country. Reshoring is also known as onshoring, inshoring or backshoring.

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A nation's capital goods wear out over time, so a portion of its capital goods become unusable every year. last year, its reside
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<span>In the current year, the nation's economic growth will be negative. This is an outcome produced by all factors involved. There have been no capital goods produced, and therefore, no income can be generated by capital goods. There has been no growth in population or in any productive resources that could yield come kind of economic growth for the nation.</span>
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