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Answer:
time required is 7.70 years
Explanation:
given data
interest rate = 9%
solution
we know with the compounded continuously rate r and time t amount is
A(t) = A(o) 
.................1
and we have given amount is double so
A(t) = 2 A(o)
so from equation 1 put the value and we get here
2 A(o) = A(o)
ln(2) = 0.09 t
solve it we get time
time t = 7.70 years
so time required is 7.70 years
Answer:
not included
consumption
consumption
government spending
consumption
business spending
business spending
consumption and inventory (consumption increases and business inventory reduces)
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
6. transfer payments
Answer:
$1,083
Explanation:
Given that,
Cost of providing perpetual care service for grave sites = $130 per year
Interest rate = 12 percent
Therefore, the one-time fee the owner should charge:
= Cost of providing perpetual care service for grave sites ÷ Interest rate
= $130 ÷ 0.12
= $1,083.33 or $1,083
Hence, the one-time fee should the owner charge for the perpetual care service is $1,083.
