Answer:
a. $32,800
b. $37,019
c. $37,460
Explanation:
a. The computation of Total Amount Withdrawn by Alan when simple interest is shown below:-
Accumulated amount of money = Invested amount + (Rate of interest × Number of years)
= $20,000 + ($20,000 × 8% × 8)
= $32,800
b. The computation of Total Amount Withdrawn by Alan when annually Compounded is shown below:-
Accumulated amount of money = Invested amount × (1 + rate of interest)^Number of years
= $20,000 × (1 + 0.08)^8
= $20,000 × 1.85093
= $37,019
c. The computation of Total Amount Withdrawn by Alan when semi annually Compounded is shown below:-
Accumulated amount of money = Invested amount × (1 + rate of interest × Number of years ÷ 200)^16)
= ($20,000 × (1 + 0.08 × 8 ÷ 200)^16)
= $20,000 × 1.87298
= $37,460
Therefore we have applied the above formulas.
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Answer:
Im going with either 1million a day or 10k an hour
Answer:
Price elasticity of demand using midpoint method is -1.1282
Explanation:
Formula of price elasticity of demand using midpoint method is as follows:
Price elasticity of demand = (Change in Demand / Average of demands) / (Change in Price / Average of Prices)
Price elasticity of demand = ( 12,500 - 7,000 ) / [( 12500 + 7000 ) /2 ] / ( 3 - 5 )/[( 3 + 5 ) /2]
Price elasticity of demand = (5500 / 9750) / ( -2 / 4)
Price elasticity of demand = 0.5641 / -0.5
Price elasticity of demand = -1.1282
<span>Non-earning caregivers also have an important — and often overlooked — economic value that should be covered by life insurance.</span>
