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Zepler [3.9K]
2 years ago
15

A friend asks to borrow $55 from you and in return will pay you $58 in one year. If your bank is offering a 6% interest rate on

deposits and loans: a. How much would you have in one year if you deposited the $55 instead
Business
1 answer:
AURORKA [14]2 years ago
4 0

Answer:

$58.3

Explanation:

Interest = principal x interest x time

$55 x 0.06 x 1 = $3.3.

Amount = principal + interest

= $55 + $3.3. = $58.3

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S&L are typically suitable for home loans than commercial banks because they have lower borrowing rates. their emergence was neccessitated by the exclusivity of commercial banks.

3 0
3 years ago
Read 2 more answers
Planning practices are different from organization to organization. do you agree?<br> explain
Snowcat [4.5K]

Answer:

yes I agree

Explanation:

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5 0
3 years ago
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Luba_88 [7]

Answer:

firms who offer similar products to their competitors' products, but that are more attractive in some way

Explanation:

Product differentiation is marketing strategy where a firm makes its different from that of its competitors in order to make the product more attractive to consumers

3 0
3 years ago
What does the quantity theory speculate about the cause of inflation?
Gala2k [10]
Well the quantity theory is "The hypothesis that changes in prices correspond to changes in the monetary supply" so when inflation happens the price will increase but when that happens the purchases and the value of money will decrease so will its demand. That's the speculation that the prices will not correspond to the monetary supply  
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Otrada [13]

Answer:

A. Decrease

Explanation:

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In the above scenario, the initial working capital was 100% released in proportions of 40%, 40% and 20%, throughout the 3 years of the project. However, if the reverse had been the case, i.e. parting with more cash now and the requirement of working capital now becomes: Year 0 = -10,000, Year 1 = - 10,000, Year 2 = -10,000, Year 3 = +30,000; the NPV would definitely shrink because the value of 10,000 each in Years 0-2 would not be the same when it is recovered from the project in year 3. The value will be smaller and hence the NPV of the project would have decreased as a result of the time value of money.

7 0
3 years ago
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