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diamong [38]
3 years ago
9

You plan to deposit $5,200 at the end of each of the next 15 years into an account paying 11.3 percent interest. a. How much wil

l you have in your account if you make deposits for 15 years
Business
1 answer:
scZoUnD [109]3 years ago
3 0

Answer:

Amount after 15 years = 183255.011

Explanation:

Below is the calculation to find the amount after 15 years:

Annuity amount or early deposited amount = $5200

Time period = 15 years

Interest rate = 11.3 %

Now we have to find the amount after 15 years:

Amount after 15 years = Annuity [((1 + r)^n - 1) / r ]

Amount after 15 years = 5200 [((1 + 11.3)^15 - 1) / 11.3% ]

Amount after 15 years = 183255.011

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The following policies would bring the economy to potential output is Decrease government spending by $10 billion.

<h3>What is Marginal Propensity?</h3>

The "Marginal Propensity" to consume is defined as calculate quantification of money that consumers are ready to spend.

The term "Marginal propensity" to consume is term used in economics. It measures monetary value which consumer is willing to spend to buy goods and services instead of saving it.

The "Marginal Propensity" to consume tends to increase economic activities of country by keeping cash flowing and by not keeping it stagnant. It also helps in increasing trade value and quality and cost of products because it increases healthy competition among companies and in which consumers are ultimately benefitted.

Therefore , we can conclude that the correct option is C.

Learn more about Marginal propensity on:

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7 0
2 years ago
Required information Kevan, Jerry, and Dave formed Albee LLC. Jerry and Dave each contributed $245,000 in cash. Kevan contribute
steposvetlana [31]

Answer: A: $0.None of the members recognize gain because their debt relief was not in excess of their bases in their LLC interest prior to any debt relief.

B: $55,000

C: $285,000

D: $625,000 Albee, LLC takes a $135,000 carryover basis in the assets Kevan contributes and a $490,000 basis in the total cash the other two members contributed.

Explanation: check attached file

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3 years ago
Who would be eligible for a 403b account?
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The correct answer on Gradpoint is a government employee

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What are the purposes of the Democratic leadership style?​
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#It brings peace in the society.

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If the marginal propensity to consume is two thirds, then an increase in personal income taxes of $100 will most likely result i
rosijanka [135]

When personal income taxes is increased, there would be a decrease in consumption of $67.

<h3>What is the MPC?</h3>

The marginal propensity to consume is the proportion of the disposable income that is spent. When personal income taxes are increased, there would be a decrease in the disposable income. The decrease in disposable income would reduce the income avalialbe for consumption.

Decrease in consumption = 2/3 x $100 = $67

To learn more about marginal propensity to consume, please check: brainly.com/question/19089833

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2 years ago
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