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Vera_Pavlovna [14]
2 years ago
10

Sam just opened a savings account paying 3.5 percent interest, compounded annually. After four years, the savings account will b

e worth $5,000. Assume there are no additional deposits or withdrawals. Given this, Sam:
Business
1 answer:
Tasya [4]2 years ago
6 0

Answer:

could have deposited less money today and still had $5.000 In four years If the account paid a higher rate of interest

Explanation:

here is the full question

Sam Just opened a savings account paying 3.5 percent interest, compounded annually. After four years, the savings account will be worth $5,000. Assume there are no additional deposits or withdrawals. Given this, Sam: Multiple Choice will earn the same amount of Interest each year for four years will earn simple interest on his savings every year for four years. could have deposited less money today and still had $5.000 In four years If the account pald a higher rate of interest. has an account currently valued at $5,000. could earn more Interest on this account if the Interest earnings were withdrawn annually.

He would not earn the same amount of interest each year due to compounding. This is also the reason the simple interest would differ from compound interest.

To determine the value today, the present value has to be determined. This would be done by discounting the future value

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Explanation:

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3 years ago
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6 0
3 years ago
A Japanese worker can produce 6 units of steel or 3 televisions per hour. A Korean worker can produce 8 units of steel or 2 tele
kifflom [539]

Answer:

2 and 4

Explanation:

Japanese worker can produce 6 units of steel or 3 televisions per hour.

Korean worker can produce 8 units of steel or 2 televisions per hour.

Opportunity cost is the cost of the lost alternative. So when the country decides to produce only televisions it has to give up on steel production. Thus, the units of steel forgone for each unit of television gained is an opportunity cost of a television.

Opportunity cost  = \frac{Units of Steel lost}{Units of Television gained}

Thus,

Opportunity cost of television for Japan = \frac{6}{3}  = 2

Opportunity cost of television for Korea = \frac{8}{2}  = 4

7 0
2 years ago
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Answer:

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Explanation:

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