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Alika [10]
3 years ago
14

A student has inherited $50,000. If it is placed in asavings account that earns 3% interest, how much isin the account in 30 yea

rs
Business
1 answer:
taurus [48]3 years ago
8 0

Answer:

$121,363

Explanation:

The amount in 30 years is known as the Future Value (FV) . We arrive at this figure by compounding the Present Value using the interest earned on the savings as follows :

PV =  $50,000

P/yr = 1

N = 30

PMT = $ 0

i = 3 %

FV = ?

Using a Financial calculator to enter the amounts as shown above, the FV can be determined as $121,363

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The answer that would best complete the given statement above would be option B. HOME NETWORK. A home network allows you to create a wireless connection among your smart devices. This is also known as HAN and this <span>facilitates communication among devices within the close vicinity of a </span>home<span>. Hope this helps.</span>
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To create a portfolio with duration of 4 years using a 5 year zero-coupon bond and a 3 year 8% annual coupon bond with a yield t
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Answer:

One would have to invest 55%

Duration of 3-year bond is 2.78

Then 5wZ + 2.78(1 - wZ) = 4

2.22wZ = 1.22

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Explanation:

To properly understand the concept behind the above calculation, let us define some basic concept:

Portfolio:  This can be refereed to as a phrase in finance. It refers to the collection on investment that is being held by an investment company, a financial institution such as a bank ,persons or an individual.

Zero coupon bond: A zero-coupon bond is a bond where the nominal or return on investment (ROI)  value is repaid at the time of maturity. This definition usually reflects a positive time value of money.

We should also recall that the formula for zero coupon bond as:

price = M / (1 + i)^n

where: M = maturity value

i = required interest yield divided by 2

Applying this formula, we were able to arrive at the investment percentage.

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What are the differences between the​ long-run equilibrium of a perfectly competitive firm and the​ long-run equilibrium of a mo
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Answer:

Unlike perfectly competitive firms, in the long run monopolistically competitive firms face excess capacity or unused capacity. They produced at a higher cost which implies wastage of resources or under-utilization of resources.

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Which of the following is true of first movers? a. The first mover cannot be able to establish brand loyalty. b. Being a first m
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Answer:

The first mover that creates a revolutionary product is in a monopoly position.

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First Mover is the big initiator of a new product, which gains a competitive 'first mover advantage' for being the pioneer of the idea in the market.

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  • Being a first mover doesn't guarantee instant success
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The only apt statement is : The first mover that creates a revolutionary product is in a monopoly position. The first mover enters the market when there is no major supplier & the customer's demand is unmet. If it enables to leverage the potential huge unsatisfied market in a revolutionary way, it can be able to create unparalleled brand loyalty. And this can make it secure monopoly position in market

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Bigbucks Brokerage provided the taxpayer $2,400 in bicycle commuting reimbursement in 2020. How much of that reimbursement, if a
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Answer:

Bigbucks Brokerage

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