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Ksju [112]
3 years ago
5

George deposited $2,000 in his bank account, which offers 5 percent compound interest calculated annually. what would be the pri

ncipal amount available in george’s account at the end of two years?
Business
2 answers:
lidiya [134]3 years ago
7 0

Answer:

2,205

Explanation:

I got it right on the test

Ymorist [56]3 years ago
3 0

Answer:

$2,205

Explanation:

The amount available after two years can be calculated using the formula

A= P x ( 1 + r) ^n

where A = amount

P= principal: $2000

r = interest rate : 5%, or 0.05

n = number of compound periods: 2

A= $2000 x ( 1 + 0.05)^2

A= $2000 x1.1025

A= $2,205

Principal amount after two years = $2,205

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6 0
2 years ago
Two-year-old Max sees a rabbit and calls it a "bunny." He then sees a large white hamster and calls it a "bunny," too. In this s
Olegator [25]

Answer:

The correct answer is overextension.

Explanation:

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7 0
3 years ago
Mike and Sandy are two woodworkers who both make tables and chairs. In one month, Mike can make 4 tables or 20 chairs, where San
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C 5 tables for mike and 1/3 table for sandy
3 0
3 years ago
Problem 14-04 Stock Repurchase A firm has 5 million shares outstanding with a market price of $15 per share. The firm has $15 mi
Charra [1.4K]

Answer:

$60 million

Explanation:

The computation of the value of operations after the repurchase is shown below:-

Total corporate value = Value of operation + marketable securities

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We simply applied the above formula so that the firm's value of operations after the repurchase could come

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Suppose at the going wage rate of $20 per hour, firms can hire as many hours of janitorial services as they desire. If any firm
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Answer:

d. Supply is perfectly elastic.

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I hope my answer helps you

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3 years ago
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