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3 years ago

12

After an initial investment of $20,000, Joseph's bank account has earned $16,000 in interest over the last 10 years. At what rat

e is he earning interest

1 answer:

Daniel [21]3 years ago

6 0

Answer:

what rate is he earning interest

Interest rate is 8%

Explanation:

I = C·i·t,

C Initial Investement

i Anul interest rate

t time

16000=20000*i*10

16000=200000*I

I=16000/200000

I=0,08

I=8%

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$207,021

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We would simply discount the $1,000,000 by using an interest rate of 3.2%

$PV_{1970}$ = $\frac{1000000}{(1 + 0.032)^{50} }$ = $207,021

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<u>Answer:</u>

$17,892.88

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We have the value at year 1970 which is $207,021

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3 years ago

According to the "J curve effect," a weakening of the U.S. dollar relative to its trading partners' currencies would result in a

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Answer:

Option B

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If the currency of a country is appreciated, economists note, there may be a reverse J-curve. For importing nations, the country 's products unexpectedly become more competitive. When other countries will meet the gap at a cheaper profit, the stronger currency would weaken its advantage on exports.

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(B)

cash 110,000 debit

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Explanation:

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3 years ago

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