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artcher [175]
3 years ago
14

Suppose Valerie is an avid reader and buys only mystery novels. Valerie deposits $2,000 in a bank account that pays an annual no

minal interest rate of 10%. Assume this interest rate is fixed—that is, it won't change over time. At the time of her deposit, a mystery novel is priced at $10.00. Initially, the purchasing power of Valerie's $2,000 deposit is______mystery novels.
For each of the annual inflation rates given in the following table, first determine the new price of a mystery novel, assuming it rises at the rate of inflation. Then enter the corresponding purchasing power of Valerie's deposit after one year in the first row of the table for each inflation rate. Finally, enter the value for the real interest rate at each of the given inflation rates.
Annual Inflation Rate Annual Inflation Rate Annual Inflation Rate
0% 10% 13%
Number of Novels
Valerie Can Purchase
after One Year
Real Interest Rate
When the rate of inflation is equal to the interest rate on Valerie's deposit, the purchasing power of her deposit_____course of the year.
Business
1 answer:
Sever21 [200]3 years ago
8 0

Answer:

wow no one has the answer

Explanation:

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Define private equity funds economics. ​
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How,in practice,is cost-benefit analysis of public goods,such as city-funded fireworks displays,usually carried out?
V125BC [204]

Answer:

C) through public elections of local officials

Explanation:

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It is used to maximize the social welfare. It is for the optimal quantity of any public good. The cost benefit analysis of the public goods like the firework displays should be carried out by a public election of the local officials.

3 0
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Which of the following statements accurately describes the properties of gases
DENIUS [597]

The properties of gases are:

1. They are easy to compress

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The balance of the Cost of Goods Sold account at the end of the year represents: Select one: A. The cost of inventory sold in th
liubo4ka [24]

Answer:

A) The cost of inventory sold in the current year.

Explanation:

Cost of Goods Sold: It refers to the cost both associated with the sold product, direct and indirect costs are both included.

At the end of the year COGS is subtracted from the sales in dollars, to identify if the products are in profit or loss.

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