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Samantha put $18,500 into a savings account. after one month, the savings account grew to $18,962.50. after the second month, it

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Answer: $24,747.92

Based on the given amounts of increased in savings for the first 3 months, we have the following assumptions:

1) That the savings increase by 2.44% monthly

$18,962.50 -18,500=462.50, 462.50/18962*100=2.44%

$19,436.56--$18,962.50=$474.06, 474.06/19,436.56*100=2.44%

$19,922.48-$19,436.56=485.92, 485.92/19,922.48*100=2.44%

2) That the monthly interest for the first 3 months had an incremental of $0.30 monthly

462.50,474.06 and 485.92 has an incremental of 11.56 and 11.86 (with a difference of .30)

Continuing on with the increments gives savings of $24,747.92 in the 12th month.

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4 years ago

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Two countries, A and B, both are currently in recession. The values of the MPS for A and B are 0.1 and 0.5 respectively. The g

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Answer:

Explanation:

The policy of tax cut will be less effective in country B than in country A since the value of the tax multiplier is lower in country B.

The multiplier effect refers to the increase in final income arising from any new injections.

Calculating the Multiplier Effect for a simple economy

k = 1/MPS

A = 1/0.1 =10

B= 1/.5=2

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4 years ago

Mr. Smith, the special education teacher, called Tim's parents to schedule a meeting to update information on Tim's progress on

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Answer:

Explanation:

ebbbbdbjdbvbksb jbejbkgbksn

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2 years ago

If nominal GDP is $900 billion and, on average, each dollar is spent six times in the economy over a year, then the quantity of

NeTakaya

Answer:

Option B (150) is the correct answer.

Explanation:

Given:

Nominal GDP,

= $900

Money velocity,

= 6

As we know,

⇒ $Nominal \ GDP=Quantity \ of \ demanded \ money\times Money \ velocity$

By putting the vales, we get

⇒ $900=Quantity\times 6$

⇒ $Quantity=\frac{900}{6}$

⇒ $=150$

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3 years ago

Ariel, a federal government employee, works in acquisition and procurement. Federal policies require that in contracting with su

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Answer:

Programmed decision

Explanation:

The programmed decision is the decision which are taken on a daily basis or we can day to day basis or routine basis. It is likely for solving the structured problems

In the given case, since minimum three bids are received and the bid who has less value meets the specification that results in an acceptance

Therefore this case is of Programmed decision

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3 years ago