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emmasim [6.3K]
2 years ago
10

Assume Sheryl Jenkins wants to accumulate $ 13,241.39 in two years. She currently has $ 10,621.36 to invest. What interest rate

must she earn on her investment (that is, if she deposits $ 10,621.36 today) to have $ 13,241.39 exactly two years from today?
Business
1 answer:
WITCHER [35]2 years ago
8 0

Answer: 11.65%

Explanation:

The $13,241.39 is a future value amount as it is what is to be accumulated in 2 years.

Future value formula therefore applies:

Future value = Current value * ( 1 + interest rate) ^ no. of years

13,241.39 = 10,621.36 * ( 1 + i) ²

(1 + i)² = 13,241.39 / 10,621.36

(1 + i)² = 1.24667556697

1 + i = √1.24667556697

i = 1.116546267 - 1

i = 11.65%

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They will be genetically identical.

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The process results in four daughter cells that are haploid, which means they contain half the number of chromosomes of the diploid parent cell. Meiosis has both similarities to and differences from mitosis, which is a cell division process in which a parent cell produces two identical daughter cells.

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If a company is considering the purchase of a parcel of land that was acquired by the seller for $99,000 is offered for sale at
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The smoothing constant chosen in simple exponential smoothing determines the weight to be placed on different terms of time-seri
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Answer:

The smoothing factor is close to 1, the values of the time series are more heavily weighted that the values in the distant past. When the value of the smoothing factor is close to zero, the values of the time series are more evenly weighted with the values in the recent past values.  

Calculate the weight applied to the observations four periods ago as shown below:

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<h3>What is International trade?</h3>

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It is important to note that not everyone within a country may benefit directly from international trade, however, it can be said that everyone will benefit indirectly because the proceeds from such trade affects the GDP of both countries and this brings about prosperity especially when trade is not one sided.

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Neiger flours owes $16,929 in taxes on taxable income of $61,509. if the firm earns $100 more in income, it will owe an addition
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In order to find Average Tax Rate on total Income of $61609, we need to find total tax paid , which can be found as below:

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