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3 years ago

The function f(x) = 2,000(1 + )12t models the balance in a savings account.

Business

2 answers:

Naddika [18.5K]3 years ago

8 0

? wat class this for

tresset_1 [31]3 years ago

4 0

Answer:

In the exponential function f(x) = P(1 + )nt :

P = principal value

r = the annual interest rate

n = number of compounding periods in a year

t = time in years

For the given function, P = 2,000, r = 0.0225, or 2.25%, and n = 12. So, the interest compounds 12 times a year, or monthly.

Therefore, the savings account had an initial balance of $2,000 and compounds monthly at an interest rate of 2.25%.

Explanation:

Explanation from PLATO

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Answer:

$12,146

Explanation:

The computation of present value of this opportunity cost is shown below:-

Net After tax Operating Profit Per month = Rent space per month × Profit margin on the renting the space percentage

= $1,000 × 30%

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2 years ago

With a(n) _______, the full amount of the loan is received when the contract is signed, but only the interest is paid over the l

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In a balloon loan, the entire loan amount is given to the borrower as soon as the loan is approved and the contract is signed.

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Suppose labor's share of output is 60% and capital's share of output is 40%. If labor grows at a rate of 5%, then this will caus

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Given,

Labor's share of output = 60%

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Thus, output will grow at a rate of = ?

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