1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
shutvik [7]
3 years ago
7

Today, you have two coins each of which is valued at $100. One coin is expected to appreciate by 5.2 percent annually while the

other coin should appreciate by 5.7 percent annually. What will be the difference in the value of the two coins 50 years from now
Business
1 answer:
ziro4ka [17]3 years ago
6 0

Answer:

=$337.43

Explanation:

The value of each of the coins after 50 years is the future value after 50 years at their respective interest rate.

The formula for  future value is FV = PV × (1+r)n

For the first coin at 5.2 percent,

Fv = 100 x ( 1 + 5.2/100 ) 50

Fv =100 x (1+ 0.052) 50

Fv = 100 x 12. 61208795

Fv = $1,261. 21

For the second coin at 5.7 percent,

Fv = 100 x (1 + 5.7 /100)50

Fv =100 x (1 + 0.057 )50

Fv = 100 x 15.98

Fv = 1, 598. 64

the difference in value will be

=$1598.64 - $1,261.21

=$337.43

You might be interested in
Besides the actual mortgage payment, which also factors into the monthly payment on a home?
Pie
Aside from the actual mortgage payments, you also pay for your monthly property taxes, homeowner's insurance, and home repairs.

Sometimes homeowners also pay for monthly dues to their homeowners association. This monthly dues include water, sewer, garbage, and maintenance of other amenities like clubhouse, pool, and tennis courts. 
5 0
3 years ago
Read 2 more answers
The time value of money refers to the fact that a dollar received today is worth less than a dollar promised at some time in the
NikAS [45]

Answer:

false money and time are worth different amounts. our time on earth is more valuable then money itself.  

8 0
3 years ago
In which systems development life cycle do model developers use a model to generate functional requirements and physical design
Sergio [31]

The systems development life cycle in which model developers use a model to generate functional requirements and physical design specifications simultaneously is:

  • Prototyping life cycle

<h3>What is a Model?</h3>

This is a prototype which is used to represent a real thing to show the real life scenarios and applications on a much smaller scale.

With this in mind, we can see that in the prototyping life cycle, the model developers make functional requirements simultaneously to find out how the physical design specifications would look like.

Read more about life cycle here:
brainly.com/question/25754149

6 0
2 years ago
Pay your Taxes :DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
horrorfan [7]

Answer:

do you need help with that or are you saying that

Explanation:

7 0
3 years ago
Read 2 more answers
_____________- is a cultural orientation in which people belong to loose social frameworks and their primary concern is for them
Nat2105 [25]

Answer:

c. Individualism

Explanation:

Individualism -

It refers to the type of inclination toward an individual in terms of social, or ideology outlook , political philosophy and moral stance , is referred to as individualism .

These type of people lives by only one type of goal and desire .

And , these people tends to divert their mind towards their family and children rather than the society .

Hence, from the given statement of the question,

The correct term is individualism.

6 0
3 years ago
Other questions:
  • What might happen if an economy is unable to produce wanted goods and services
    6·2 answers
  • It costs Orkid Company $17 of variable costs and $3 of fixed costs to produce its product. The company currently has unused capa
    5·1 answer
  • If the government and Central Bank don't use economic policy, what could happen?
    13·1 answer
  • Which of the following is a typical current liability?
    12·1 answer
  • A client invests in an equity indexed annuity that has a guaranteed rate of 3% annual return, a 10% cap and 80% participation. i
    6·1 answer
  • Cantor Co. purchased a coal mine for $2,000,000. It cost $500,000 to prepare the coal mine for the extraction of the coal. It wa
    8·1 answer
  • Explain how planning involves making decisions today that will have an impact later.
    7·2 answers
  • g: Describe the process of "borrowing at the Federal Reserve." What rate is charged, and who sets it? Why do banks commonly borr
    15·1 answer
  • Estimates of current rates of extinction:_____________
    9·1 answer
  • Bryan invested in bryco stock when the firm was financed solely with equity. the firm now has a debt-equity ratio of .3. to main
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!