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kirza4 [7]
3 years ago
6

You're trying to save to buy a new $196,000 Ferrari. You have $46,000 today that can be invested at your bank. The bank pays 5.4

percent annual interest on its accounts.
How long will it be before you have enough to buy the car? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
katovenus [111]3 years ago
4 0

Answer:

It will take 27.56 years to gain $196,000.

Explanation:

Giving the following information:

Future value (FV)= $196,000

Present value (PV)= $46,000

Interest rate= 5.4% = 0.054

<u>To calculate the time required to reach the objective, we need to use the following formula:</u>

n= ln(FV/PV) / ln(1+i)  

n= ln(196,000/46,000) / ln(1.054)

n= 27.56

It will take 27.56 years to gain $196,000.

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Since Noriko has just joined the gym, but not really a beginner to exercising since he started 3 months, he must be given moderate exercise schedule. The recommended program would be:

Cardio: 30 min run M/W/F

Weight: 2 sets/6 reps Tu/Thurs/Sat

Stretch: 3 reps/20 sec each, M/W/F

7 0
3 years ago
Anna opened a 100-share short position in DEF stock at the bid-ask prices of 41.10-41.20. She later added another 100 shares of
melomori [17]

Answer:

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Explanation:

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8 0
4 years ago
An increase in the price of imported goods will show up in:
docker41 [41]

Answer: c) The CPI but not in the GDP deflator.

Explanation: A GDP deflator is a measure of the level of prices of all new, domestically produced finally goods. It is calculated by dividing the nominal GDP by the real GDP.

A Consumer Price Index on the otherhand measures changes in the price level of a weighted average market basket of consumer goods and services purchased by households

The major difference between the CPI and GDP deflator is thay they Reflect a different set of prices. The GDP deflator does not include changes in the price of imported goods, while the CPI does not account for changes in the price of exported goods.

6 0
3 years ago
Read 2 more answers
Inflation is a general rise in the level of prices experienced by people in a nation.
vladimir2022 [97]

Answer:

True.

Explanation:

Inflation is an economic term that can be defined as the increase in the prices of a product on the market in a given period.

It can occur due to several factors, when there is an imbalance between supply and demand, then it is correct to say that when the demand for a product is greater than the supply, there will be an increase in prices and, consequently, inflation.

It can also occur when there are situations of monopoly, which is the pricing of a product controlled by a company.

Another factor that causes inflation is the increase in a company's production costs, which can be caused by factors such as scarcity, or economic crisis.

Uncontrolled inflation has a negative impact on the consumer's life, which starts to lose its purchasing capacity and has its quality of life reduced.

4 0
3 years ago
11. Sopposed Cic Delivery pays $66 milliom to buy Lyn Star Overnight. Lyn Star Overnight assets are valued at 72 million and its
Lady_Fox [76]

Answer:

$17 million

Explanation:

In order to compute the  cost of the goodwill, first, we have to compute the fair value of the net asset which is shown below:

The fair value of net asset = The market value of Lyn Star Overnight assets - the market value of Lyn Star Overnight liabilities

= $72 million - $23 million

= $49 million

And, the purchase value of Lyn Star Overnight is $66 million

So, the goodwill would be  

= $66 million - $49 million

= $17 million

5 0
3 years ago
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