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Diano4ka-milaya [45]
2 years ago
13

Felicia put $175 into a CD that pays 4% interest, compounded semiannually.

Business
1 answer:
Mariana [72]2 years ago
7 0

Answer:

D. 18 years

Explanation:

Felicia has $175; doubling it will make it  $350 ($175 x 2)

The interest per year is 4%

The applicable formula is A= P ( 1 + r)^n

where A = $350

P=$175

r=0.04

n= time ???

$350=$175 (1 +0.04)^n

350= 175(1.04)^n

350/175=1.04^n

2=1.04^n

log 2= (log 1.04)n

n= log2/ log1.04

n= 0.30102/0.017033

n= 17.70 year

n=18 years

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Answer:

Explanation:

40% probability that bond will be priced at $950

60% probability that bond will be priced at $1050

Expected value of the bond in one year:

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8 0
3 years ago
Amy, a baker, has found her dream home, but cannot afford the down payment. Amy’s brother agrees to loan her $3000 for the down
Kitty [74]

Answer:

$0 because an agreement to accept different performance in lieu of full payment of liquidated debt is binding.

Explanation:

Since there is an agreement between Amy, a baker, and her brother, she owes him $0.

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4 0
3 years ago
NEED HELP ASAP THANK YOU
solniwko [45]

Answer:

a

Explanation:

5 0
3 years ago
. The income elasticity of demand for medical care is 1.35. This implies that: a. if income decreases by 1%, the quantity demand
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Answer:

The correct answer is a).

Explanation:

The income elasticity of demand refers to the percentual variation of quantity demanded of a certaing good in response to a percentual variation in income.

If the income elasticity of demand for medical care is 1.35,

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<em>c. if the income of the average consumer increases by 1 dollar, the quantity demanded for medical care will increase by 1.35 units of care.</em> FALSE. The elasticity relates percentual variations, not absolute value variations.

<em>d. if income increases by 1%, the quantity demanded for medical care decreases by 1.35%.</em> FALSE. The same as point b.

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