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alex41 [277]
3 years ago
15

Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $1

20,000 3-years from now. How much must Shane deposit to accomplish his goal
Business
1 answer:
ANTONII [103]3 years ago
3 0

Answer:

84165.59

Explanation:

12000=x(1+\frac{.06}{2})^{2*6}\\.\frac{120000}{(1.03)^{12}}=84165.58562

which we will round to 84165.59

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a) the central bank would have to decrease the money supply which would decrease output.

Explanation:

In the case when the long run price would fall due to the reduction in the aggregate demand and there is a rise of short run aggregate supply so the central bank would have to reduce the money supply due to this it automatically reduced the output as it shows the direct relation between the money supply and the output

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4 0
3 years ago
Brent received a report from the production and purchasing departments with the following values for August: Actual materials qu
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mixas84 [53]

Answer:

True.

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3 years ago
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government actions that reduce competition from international firms.

Explanation:

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