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maria [59]
3 years ago
14

You are hoping to buy a new boat 3 years from now, and you plan to save $5,800 per year, beginning one year from today. You will

deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now
Business
1 answer:
sweet-ann [11.9K]3 years ago
3 0

Answer:

FV= $17,701.6

Explanation:

Giving the following information:

Annual deposit (A)= $5,800

Interest rate (i)= 5.2%

<u>To calculate the future value after the third deposit, we need to use the following formula:</u>

<u></u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {5,800*[(1.052^2) - 1]} / 0.052 + 5,800

FV= $17,701.6

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Thailand wants to increase its trade and economic integration with Cambodia. Which trading alliance will be the most useful in a
Zigmanuir [339]

ASEAN is the trading alliance that will be the most useful in achieving this goal.

<h3>What is ASEAN ?</h3>

The Association of Southeast Asian Nations (ASEAN) is an international organization whose primary goal is to promote economic growth and regional stability among its members.

Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Laos, Myanmar, Cambodia, and Vietnam are the current members.

<h3>What is ASEAN doing right now?</h3>

ASEAN's mission is to foster collaboration and cooperation among member countries while also advancing the region's overall interests, including economic and trade growth. It has negotiated a free trade deal among member nations as well as with other countries like China, and it has made it easier for residents of member countries to travel around the area.

It formed the ASEAN Economic Community (AEC) in 2015, marking a significant step forward in the organization's regional economic unification objective. The AEC sees the area as a single market with a free flow of commodities, services, investments, and skilled labor, as well as an independent movement of money.

Therefore, ASEAN is the trading alliance that will be able to help in achieving Thailand this goal.

For more information on ASEAN, refer to the given link:

brainly.com/question/25170760

#SPJ4

8 0
2 years ago
Marissa works at a company that makes perfume. She noticed many samples of the perfume were not passing inspection. She conducte
Ad libitum [116K]

Answer:

2

Explanation:

8 0
3 years ago
Under the terms of a divorce agreement entered into in 2017, Lanny was to pay his wife Joyce $2,000 per month in alimony and $50
tatyana61 [14]

Answer:

Lanny's deductible income = $24,000

Explanation:

Given:

Lanny's payment per month (Wife) = $2,000

Lanny's payment per month (Child) = $5,00

Lanny's deductible income = ?

Computation of Lanny's deductible income :

Lanny's deductible income = Lanny's payment per month (Wife) × 12 month

Lanny's deductible income = $2,000 × 12 month

Lanny's deductible income = $24,000

Note: Payment made for the support of a single child must not be deducted in Gross Income.

4 0
3 years ago
g If a tax cut increases aggregate demand more than aggregate​ supply, real GDP​ ________ and the price level​ ________.
sveticcg [70]

Answer:

Increase, Increase.

Explanation:

The real GDP “Increases” and the price level “ increases” because the reduction in the tax rate will increase the purchasing power and then people will consume more. Thus, the aggregate demand rises and this rise in the aggregate demand will shift the demand curve rightwards. Resulting in an increase in the price and real GDP increase because the new market equilibrium will be above the old equilibrium.

7 0
3 years ago
In January, the interest rate is 5 percent and firms borrow $50 billion per month for investment projects. In February, the fede
dem82 [27]

Answer:

B, There is a crowding-out effect at $20,000,000

Explanation:

Crowding ot effect is an economic theory that shows that the more the public sector of an economy spends through borrowing, the lesser or non-existent is the ability of the private sector to borrow or spend. This is because there is a lot of deficit and this drives the interest rates higher. This goes on to affect the personal consumption of goods and services as well.

In the above question, because the government has increased its borrowing from $25 billion to $50 billion, firms wuld have to cut their own borrowing levels because it would require more than the usual amount to offset the loans the firms are used to taking seeing that interest rates have moved form 5% to 7%.

Cheers. I hope this is of help.

5 0
3 years ago
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