1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dedylja [7]
3 years ago
6

Instead of investing a lump of sum of $25000,Brittany Royer decides to svae the money in a vault for 2years. Assuming the inflat

ion being 2.5%per year,how much will her purchasing power decline in 2years
Business
1 answer:
Ipatiy [6.2K]3 years ago
7 0

Answer:

$1265.63

Explanation:

Inflation is a persistent rise in the general price levels

Types of inflation

1. demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise

2. cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect  

Loss in purchasing value = future value of the amount saved - amount saved

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

$25000 (1.025)² = $26.265.625

Amount lost = $26.265.625 - $25,000 = $1265.63

You might be interested in
A bond with a face value of $100,000 and a quoted price of 102¼ has a selling price of:
ANTONII [103]

Answer:

d. $102,250.

Explanation:

The computation of the selling price is shown below:

= Bond face value × quoted price

= $100,000 × 1.0225

= $102,250

To determine the selling price we multiplied the bond face value with the quoted price so that the accurate selling price can come.

We simply fraction the quoted price and then divide it by 100

In mathematically,

= 409 ÷ 4

= 102.25 ÷ 100

= 1.0225

3 0
3 years ago
A cone-shaped container has a height of 9 inches and diameter of 2 inches. It is filled with a liquid that is worth $2 per cubic
IRISSAK [1]

Answer:

$18.84

Explanation:

Firstly, we need to find the volume of the solid shape. We have identified the solid shape to be a cone.

The volume of a cone is v = 1/3 π r^2 h

Here π = 3.14, r = d/2 = 2/2 = 1 inch and h = 9 inches

V = 1/3 * 3.14 * 1 * 1 * 9 = 9.42 cube.inches

Total value of liquid in the container is thus 9.42 * $2 = $18.84

4 0
4 years ago
The higher the forgetting rate associated with a brand, product category, or message, the lower the warranted level of repetitio
Pani-rosa [81]

Answer:

False

Explanation:

Forgetting curve depicts how a person tends to forget about a particular information over time when there is no attempt to retain it.

Normally memory retention declines over time without repetition.

The lower the forgetting rate of customers associated with a brand the lower the number of repetition required to retain the information.

When rate of forgetting is high customers easily forget about the product. So there is need for higher repetition to keep the information fresh in their minds.

5 0
3 years ago
The amount you pay each time you visit a health care provider or have a prescription filled is called a
Licemer1 [7]

The amount that a person pays when they visit health care providers or have their prescription filled is a <u>Copayment</u>.

<h3>What is a copayment?</h3>

A copayment refers to the amount that people pay to their healthcare providers out of their pocket when they go to get services such as having their prescriptions filled.

Copayments are usually fixed amounts that depend on the kind of care you receive from your healthcare provider.

Find out more on copayments at brainly.com/question/17373826

#SPJ1

7 0
1 year ago
Elyon holds a savings account in the Rochester City Bank in the United States. During an economic downturn, the bank suffers gre
melisa1 [442]

Answer:

Option B The Glass-Steagall Act

Explanation:

According to the Glass-Steagall Act, the commercial banking was separated from the investment banking. This was made to provide the investor investment security by creation of the Federal Deposit Insurance Corporation.

So here Elyon will be entertained with the imbursement of the amount at the deposit value which the insurance will safeguard the depositor's value due to bank failure.

7 0
4 years ago
Read 2 more answers
Other questions:
  • Explain how wallace uses one of the three rhetorical appeals to support the claim that alabama has the right to continue policie
    6·1 answer
  • Devon is in the market for a new car. After having done her research, she has determined that the Jeep Grand Cherokee is the bes
    12·1 answer
  • Cullumber, Inc., management expects the company to earn cash flows of $12,900, $16,300, $18,600, and $19,800 over the next four
    13·1 answer
  • Uneven distribution of natural resources often leads to countries trading with one another, explain how
    6·1 answer
  • This morning, you borrowed $9,500 at 8.9 percent annual interest. you are to repay the loan principal plus all of the loan inter
    15·1 answer
  • Which of the following entries would record the application of overhead cost correctly? A. Manufacturing Overhead XXX Accounts P
    15·1 answer
  • Name two defferences between basic wants and secondary wants​
    5·1 answer
  • Consider the demand for avocados. Does an increase in average income cause a shift of the demand curve for avocados or a movemen
    5·1 answer
  • Examples of planned economy?​
    14·2 answers
  • if variable cost increases by $1/unit, advertising cost increases by $1,500, and units sales increase by 250, what would be the
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!