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diamong [38]
2 years ago
11

If you were paid $952 today, and you invested it at a 5% interest rate, how much would you have a year from now?

Business
1 answer:
myrzilka [38]2 years ago
3 0

Answer:

Depends on if its simple or compund bu since your investing to earn, ill estimate they want the compound answer which is 999.60 which can be rounded to $1000. If they want it rounded, its $1000 if they dont, it's none of the above

Explanation:

A=P(1+r)t

A=952(1+0.05)1

A=952(1.05)1

A=952(1.05)

A=952x1.05

A=999.60 which can be rounded to 1000

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<h3>What is a forward contract?</h3>

A tailored agreement between two parties to purchase or sell an item at a predetermined price at a later date is known as a forward contract. Although its non-standardized nature makes it particularly suitable for hedging, a forward contract can be utilized for speculating or hedging.

A forward contract can be tailored to a commodity, amount, and delivery date, unlike typical futures contracts. Grain, precious metals, natural gas, oil, and even chicken are examples of traded commodities. Settlement of a forward contract may take place in cash or by delivery.

Forward contracts are categorized as over-the-counter (OTC) instruments because they are not traded on a centralized exchange. While the OTC nature of these products makes it simpler to adjust terms, the absence of a centralized clearinghouse also increases the chance of default.

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1 year ago
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lina2011 [118]

Answer:

both blanks can be filled by <u>5%</u>

Explanation:

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So if inflation increases, the nominal inflation rate will increase to keep the real interest rate the same.

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