Answer:
$2.5
Explanation:
Given:
Number of sandwiches in basket = 20
Number of magazines in basket = 30
cost of sandwiches in 2006 = $4
Cost of magazines in 2006 = $2
cost of sandwiches in 2007 = $5
Consumer price index in 2007 = 125
Now,
Consumer price index =
or
125 =
here,
X is the price of magazines in 2007
thus,
125 =
or
1.25 × ($80 + $60 ) = $100 + 30X
or
30X = $175 - $100
or
X = $2.5
Hence,
The price of magazines in 2007 was $2.5
Answer:
rises; demanded falls
Explanation:
The aggregate demand curve exhibits a negative relationship between aggregate price levels and aggregate output demanded. If aggregate price levels falls, aggregate output demanded rises and if aggregate price levels rises, aggregate output demanded falls.
The aggregate demand curve is negatively sloped.
Please check the attached image for a graph of the aggregate demand curve.
I hope my answer helps you
Answer:
a.- $ 3,529.82
b.- $ 3,512.11
c.- $ 132,77
Explanation:
In each case, we must calculate the value of their current savings and the additional investment.
The saving are the same for each scenario so let's calculate that first:
Principal 1,500.00
time 15 years
rate 0.01000
Amount 1,741.45
Then we add the funds generated from the investment:
a.- 110 annuity due for 15 month:
C $ 110
time 15 months
rate 0.01
FV $1,788.3651
We add the savings and get a total of: $ 3,529.82
b.- 110 ordinary annuity
C $ 110
time 15 months
rate 0.01
FV $1,770.6585
Plus, original savings of 1,741.45 = 3,512.11
c.-
If they need 3,900 then the fund must cover the difference between these and the savings future value:
3,900 - 1,741.45 = 2,158.55
Now we calculate the PMT, considering the payment are at the beginning:
FV $ 2,158.55
time 15
rate 0.01
C $ 132.770