Answer:
Consider the calculations below
Explanation:
(1) Nominal GDP, year 2 ($) = Sum of (Year 2 price x Year 2 quantity)
= 125 x 1.5 + 825 x 90
= 187.5 + 74,250
= 74,437.50
(2) Real GDP, year 2 ($) = Sum of (Year 1 price x Year 2 quantity)
= 1 x 125 + 45 x 825
= 125 + 37,125
= 37,250.00
Answer:
The answer is $4,221.77
Explanation:
Present value = Cash flow/(1+r)^n
where n is the number of years
Cash flow 1:
$1,150/1.11^1
=$1,036
Cash flow 2:
$1,030/1.11^2
=$835.97
Cash flow 3:
$1,520/1.11^3
=$1,111.41
Cash flow 4::
$1,880/1.11^4
=$1,238.39
Present Value of all the cash flows is
$1,036 + $835.97 + $1,111.41 + $1,238.39
=$4,221.77
Answer:
DECIDE
Explanation:
D - define the problem
E - establish the criteria
C - consider all alternatives
I - identify the best alternative
D - develop and implement a plan of action
E - evaluate and monitor the solution and give feedback when necessary
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Answer:
Expected payoff from insurance:
$1000*0.20 = $200
0*0.80=0
Expected payoff is $200
He pais $400 for insurance.
He gains only if there is a flood, but he has an expected loss of $200
Answer:
$100,000 and $2,500
Explanation:
The computation of the principal and the interest due at the end of the 6 months is shown below:
As we know that
Simple interest is
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $100,000 × 5% × (6 months ÷ 12 months)
= $2,500
The total amount would she paid is
= Principal + interest
= $100,000 + $2,500
= $102,500
