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horsena [70]
3 years ago
11

A deposit of $90 is placed into a college fund at the beginning of every week for 5 years. The fund earns 3% annual interest, co

mpounded weekly, and paid at the end of the week. How much is in the account right after the last deposit
Business
1 answer:
laila [671]3 years ago
6 0

Answer:

$25,249.50

Explanation:

Deposit at the beginning of every 6 month (A) = 90

Time period (t) = 5

n = 52

Rate (r) = 3% = 0.03

So, the net amount in the account right after the last deposit is as follows:

= A * [(1+r/n)^(n*t) - 1 / r/n] * (1 + r/n)

= 90 * [(1+0.03/52)^(52*5) - 1 / 0.03/52] * (1 + 0.03/52)

= 90 * [(1.16178399147 - 1 / 0.000577] * (1+0.000577)

= 90 * 280.3882 * 1.000577

= 25249.498559226

= $25,249.50

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A trial judge in Nevada is wondering whether to enforce a surrogate motherhood contract. Penelope Barr, of Reno, Nevada, has con
jeka57 [31]

Solution :

It is a case of surrogacy issue.

Here in the context, Penelope and Goldberg signed a contract individually for entering in to a surrogacy contract where Penelope Barr will be the surrogate mother for Mr. and Mrs. Goldberg. Under this contract, Penelope had taken $ 20,000 at the staring and will be paid another $ 20,000 after she delivers the baby and hands it over to the Goldberg family.

But after giving birth, Penelope did not wished to hand over the baby to Goldberg family as per the contract signed.

Penelope breached the contract which is illegal.

A trial judge of Nevada is finding it difficult to come to a conclusion and enforce the contract of surrogate motherhood. As surrogacy is legal in Nevada, and according to the contract signed between the two parties, Penelope should give the child to Mr. and Mrs. Goldberg.

In this case, none of the "precedents" must be followed. But the judge can adopt the valuable reasoning of these states court only if the judge finds the reasoning persuasive.

6 0
3 years ago
The supply function for good X is given by Qxs = 1,000 + PX - 5PY - 2PW, where PX is the price of X, PY is the price of good Y a
Alenkinab [10]

Answer:

Will increase by 10 units

Explanation:

Given the formula for quantity supplied Qxs = 1,000 + PX - 5PY - 2PW

We are told to gauge the effect of increase in input (W) on quantity supplied (Qxs)

So assuming this protein of the equation is constant

1,000 + PX - 5PY= k

That is there is no change in price of X and Y

Qxs= k- P(W)

So it can be seen that an increase in P(W) is a negative change in the equation

Qxs k - ∆10

Resulting in reduction in Qxs by 10

5 0
3 years ago
TUMI brand briefcases are very expensive, high-end briefcases that are generally sold in specialty luggage shops. Which of the f
myrzilka [38]

Answer:

B. Executives

Explanation:

Option E is wrong. Students do not need high-end briefcases for school or other tasks.

Option D is incorrect. Postal workers do not need any expensive briefcases to carry postal service and letters.

Option C is false. Construction workers cannot afford expensive briefcases.

Option A is not correct. Police officers have not necessary to have those briefcases.

Option B is correct. Executives often need high-end briefcases to keep essential things with them. They can also afford expensive bags.

7 0
3 years ago
If a country's economic data shows private savings of $500 million, government
jolli1 [7]

Answer

Investment equals B) $500

Explanation:

We first lay out the national income identity in this form:

Y-C-G = I + NX

Where:

Y-C-G = National Saving

I = Investment

NX = Net exports (when NX is posivite, the economy is running a trade surplus).

National Saving = Private Saving + Public Saving  (Tax revenue minus Government spending ($400 - $300))

National Saving = $500 million + $ 100 million

National Saving = $600 million

Now we plug the amounts into the identity =

$ 600 million = I + $ 100 million

We rearrange terms

$600 million - $100 million = I

$500 million = I

So, Investment is $500 million

8 0
4 years ago
Happy 100+ followers on my other acc!​<br><br><br>don't search it
soldi70 [24.7K]
I don’t know that awnser
6 0
2 years ago
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