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Vika [28.1K]
3 years ago
13

You expect to receive $2,600 upon your graduation and will invest your windfall at an interest rate of 0.33 percent per quarter

until the account is worth $4,375. How many years do you have to wait until you reach your target account value?
a. 34.55 years
b. 39.49 years
c. 36.86 years
d. 42.53 years
e. 39.68 years
Business
1 answer:
kupik [55]3 years ago
5 0

Answer:

n= 39.49 years

Explanation:

Giving the following information:

Present value (PV)= $2,600

Future value (FV)= $4,375

Interest rate (i)= 0.33/100= 0.0033

<u>To calculate the number of years, we need to use the following formula:</u>

n= ln(FV/PV) / ln(1+i)  

n= ln(4,375/2,600) / ln(1.0033)

n= 157.96/4

n= 39.49 years

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Money is a. the most liquid asset and a perfect store of value. b. the most liquid asset but an imperfect store of value. c. not
DochEvi [55]

Although it is the most liquid asset, money is a flawed store of value. M1 is recognized as the measure of the money supply that is the most precisely specified.

What is term money?

Money is a good that is widely acknowledged as a means of economic exchange.

Because of inflation, money is actually an imperfect store of value. A monetary system where gold or silver, for example, is used as the actual medium of exchange. A form of money where paper money is backed by gold.

As a result, option (b) is correct.

Learn more about on money, here:

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4 0
2 years ago
Indigo Corporation wants to transfer cash of $182,400 or property worth $182,400 to one of its shareholders, Linda, in a redempt
jolli1 [7]

Answer and Explanation:

The computation is shown below:

a. The distribution of Property A would result in a recognized gain

= $182,400 - $91,200

= $91,200

b. The distribution of Property B would result in a disallowed loss is

= $182,400 - $237,120

= -$54,720

c. The sale of Property B to an unrelated party in a recognized loss is

= $182,400 - $237,120

= -$54,720

8 0
3 years ago
True or false: a minimum wage below $10 per hour is a binding minimum wage in this market.
BaLLatris [955]
It's FALSE.


To be able to make the minimum wage be binding, an expert in economics calls it a minimum gross to prevent the industry market from accomplishing equilibrium a binding smallest amount wage.
It must be set above the equilibrium gross. However, below or at least $10 per hour would not be binding.
7 0
3 years ago
Read 2 more answers
If the interest rate on a savings account is 0.018%, approximately how much money do you need to keep in this account for 1 year
d1i1m1o1n [39]
The answer to this question would be: <span>A. $55,555
</span>In this question, the interest rate is 0.018% and you need to have $9.99 interest. That mean, you need to divide the target interest value with the current interest rate. The equation should be:

interest = bank account * interest rate
$9.99 = bank account * 0.018%
bank account = $9.99/ 0.018%   (don't forget the % mean 1/100)
bank account = $55,500

If we assume that the $9.99 value is $9.99... then the answer would be $55,555
7 0
3 years ago
Last month, you lent a work colleague $5000 to cover some overdue bills. He agreed to pay you in 1 month with interest at 2% for
faust18 [17]

Answer:

There are at least 2 opportunity costs associated with of letting your colleague have another month:

  1. if you invested in the oil-well venture, you could have earned $5,100 x 36% = $1,836 in one year
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You could invest in one of these options, or divide your money and invest in both options, e.g. invest $2,000 in the oil company and $3,000 in the IT company. Each different investment proportion results in a different opportunity cost.

Explanation:

Opportunity costs are the benefits lost or extra costs associated to carrying out an investment or activity instead of another alternative. Sometimes you might have several opportunity costs for one investment, e.g. invest in the IT company which is risky, invest in corporate bonds which is less risky or invest in US securities which is a safe investment.

6 0
4 years ago
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