Which statement is true regarding Check No.

You made an investment of $16,500 into an account that paid you an annual interest rate of 2.8 percent for the first 7 years and

iragen [17]

Answer:

0.05712790 or 5.71%

Explanation:

Annual rate of return = [(1+ r1)^n1 x (1 + r2)^n2]^[1/(n1 + n2)] - 1

n1 is the time period in which annual interest rate =2.8%

n2 is the time period in which annual interest rate =7.2%

So, n1 = 7 years and n2 = 14 years

= [(1+2.8%)^7 x (1+7.2%)^14]^[1/(7 + 14)] - 1

= (1.21325420 x 2.64683577) ^ 1 / 21 - 1

= 1.05712790 - 1

= 0.05712790 or 5.71%

4 0

3 years ago

A resource is ______ if the number of firms that possess it is less than the number of firms required to reach a state of perfec

Savatey [412]

Answer:

Rare

Explanation:

hope this helps :)

5 0

3 years ago

The birthrate in the U.S. increases by 20%. Download the graph below and illustrate what will happen to supply and demand for co

s2008m [1.1K]

When the birthrate in the US increases, there would be an increase in the demand for college education. The demand curve would shift to the right.

<h3>What would happen in birth rate increase?</h3>

When birth rate increases, there would be more children in the country. This would lead to more people needing college education. As a result, the demand for college education increases and this would shift the demand curve to the right.

To learn more about the demand curve, please check: brainly.com/question/27305760

#SPJ1

7 0

2 years ago

Nico is saving money for his college education. He invests some money at 99%, and $17001700 less than that amount at 4 %.4%. T

Rufina [12.5K]

Answer:

Nico invest $2500 at 9% interest rate and $800 at 4% interest rate.

Explanation:

He invests some money at 9%, and $1700 less than that amount at 4 %.

Let Nico invest $x at 9%.

It means he invest $( x-1700) at 4%.

The investments produced a total of $257 interest in 1 yr.

$x\times \frac{9}{100}+(x-1700)\times \frac{4}{100}=257$

$0.09x+(x-1700)0.04=257$

$0.09x+0.04x-68=257$

$0.13x-68=257$

Add 68 on both sides.

$0.13x=257+68$

$0.13x=325$

Divide both sides by 0.13.

$x=2500$

Nico invest $2500 at 9% interest rate.

$x-1700=2500-1700=800$

Nico invest $800 at 4% interest rate.

Therefore Nico invest $2500 at 9% interest rate and $800 at 4% interest rate.

5 0

3 years ago

Suppose one U.S. dollar can purchase 144 yen today in the foreign exchange market. If the yen depreciates by 8.0% tomorrow, how

EleoNora [17]

Answer:

The correct option is A

Explanation:

When a currency depreciates it means it loses its value.

For the yen to depreciate by 8% it means that a dollar will buy more yen than it did today. by tomorrow. So, to calculate it we times the current price of the yen by the depreciation factor

144×0.8= 11.52

adding the depreciation factor to the current price of the yen

144+11.52=155.52

so by tomorrow $1=155.5yen

3 0

3 years ago

Read 2 more answers

Which statement is true regarding Check No. - 409?