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shutvik [7]
3 years ago
15

Martha has $10,000 saved and wants to attend a college with a current tuition of $10,000 a year. She will graduate from high sch

ool in five years. Roughly how much more will Martha need to save for one-year’s tuition to account for an annual rate of inflation of 3%?
$1,590.00
$1,255.00
$300.00
$3,000.00
Business
1 answer:
Luden [163]3 years ago
7 0

Answer:

$1,590.00

Explanation:

Martha has $10,000 saved one. She will join college after 5 years.

Tuition for one year is $10,000. Inflation rate is 3%

The applicable formula is A = P ( 1+ r) ^n

Where A = amount after 5 years

P= principal amount $10,000

r= interest rate 3% of 0.03

n = 5 years

A= $10,000( 1+ 0.03) ^5

A = $10,000 ( 1.03)^5

A= $10,000 x 1.159

A= 11,590.00

Marthe already has $10,000. She will need  11,590.00 - $10,000 more

=$1,590.00

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war communism

Explanation:

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Bonds are
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Considering the available options, Bonds are a "<u>store of value, but not a medium of exchange."</u>

<h3>What are Bonds?</h3>

Bonds is a term or entity in the financial world to describe a form of fixed-income security that has its terms stipulated in an indenture or legal contract.

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In modern times, the medium of exchange is currency or money.

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Learn more about Bonds here: brainly.com/question/25425872

4 0
2 years ago
What was the initial problem in this case?
salantis [7]

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Where could student researchers and/or student subjects find additional resources regarding the IRB approval process? (There may
nadya68 [22]

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Faculty advisor/Research Mentor

IRB office

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The primary purpose of the IRB is to protect the rights and welfare of human subjects involved in research activities being conducted under its authority.

IRB approval is required before you start your research.

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Korolek [52]

Answer:

see below

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Balance arrived at after deducting the expenses incurred on the goods sold from the revenue earned by selling the goods.​

The revenues must exceed the expenses for a business to realize a gross profit. Otherwise, it will be a loss.

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