Answer:
The value of the initial deposit = $1269
Explanation:
Given - Account balance of 1723.57 the interest rate of the account is 3.4% compounded daily.
To find - If the account was opened 9 years ago, what was the value of the initial deposit
Proof -
We know that,
If the interest rate is compounded n times per year at an annual rate r, the present value of a A dollars payable t years from now is:

Here,
A = 1723.57
r = 3.4% = 0.034
n = 365 (because it is compounded daily )
t = 9
So,
we get

= 1723.57(1.000093151)⁻³²⁸⁵
= 1723.57(0.736396351)
= 1269.23066 ≈ $1269
∴ we get
The value of the initial deposit = $1269
Answer:
10.03%
Explanation:
Using the dividend discount formula, find the cost of equity; r

whereby,
D1 = Next year's dividend = 5.29
P0 = Current price of the stock = 79.83
g = growth rate of dividends = 3.40% or 0.034 as a decimal
Next, plug in the numbers to the formula above;

As a percentage, r = 10.03%
Therefore, the company's cost of equity is 10.03%
Is a written promise to pay.
Answer: expansionary fiscal policy
Explanation:
Expansionary fiscal policy is used to
boost the aggregate demand, and this will lead to increase in output and also employment.
Expansionary fiscal policy methods include, transfer payments, reduction in taxes, rebates, increase in government spending.
The U.S. Congress passed a stimulus bill in February 2009 to help remove the economy from a recessionary gap. This is an example of the use of expansionary fiscal policy.