The total interest earned at the end of 4 years is $2,507. 90.
The formula for determining simple interest is: Principal x interest rate x time
$4000 x 3.2% x 4 = $512.
The formula for determining interest with compounding is: future value - amount invested.
The formula for calculating future value:
FV = P (1 + r/m)^nm
- FV = Future value
- P = Present value
- R = interest rate
- m = number of compounding
- N = number of years
Future value of the savings account = $4000 x (1.021)^4 = $4346.73
Interest = $4346.73 - $4000 = $346.73
Future value of the certificate of deposit = $7500 x (1.0125)^16 = $9149.17
Interest = $9149.17 - $7500 = $1649.17
Total interest = $1649.17 + $346.73 + $512. = $2,507. 90.
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Answer: B. No, this is not part of the Fed's dual mandate of price stability and high employment.
Explanation:
For any economy to grow there needs to be price stability in the economy as it helps investors plan their future spending amongst other things. This is why the Fed has the mandate to keep prices stable.
The Fed however, does not have to maintain the stability of prices in the stock market which can be a very volatile market where the volatility is one of the very ways to make gains.
D) Expanded craftsmanship because when mass production happens craftsmanship decreases not increases. <span />
Answer:
a) all trades that can generate gains from trade take place, and no trades take place that would not generate gains from trade.
Explanation:
When we draw the demand and supply curve, the point in the curve where both meet shows that the market is in a state of equilibrium.
The price is the equilibrium price and the quantity is the equilibrium quantity. Prices would become stable at this point. At this point every trade that would bring about gains from trade would take place. There would be no trade in the market equilibrium that would not generate gains from trade. This is because the market equilibrium is an optimum point for trade for either party, that is the buyer and the seller.
Answer:
Total period cost= $23600
Explanation:
Period costs are not directly tied to the production process. Overhead or sales, general, and administrative (SG&A) costs are considered period costs. SG&A includes costs of the corporate office, selling, marketing, and the overall administration of company business. Period costs are not attached to one particular product or the cost of inventory like product costs.
In this exercise:
Period costs:
Office support salaries of $5,200
Advertising expense of $3,800
Office expense of $14,600
Total period cost= $23600
