Answer: The student should deposit= $3,272.40
Explanation:
The formula we need to use is
FV
=
P
(
1
+
rt
)
where:
F
V = the future value.
P
= the principal amount.
r=
the rate of interest. = `12%= 0.12
t= time in years.
= 4/12= 1/3 =O.3333
FV
=
P
(
1
+
rt
)
$3,400 = P (1 + 0.12 X 0.3333)
$3,400 = P (1 + 0.039)
$3,400 = P (1.039)
P= 3400 /1.039= $3,272.40
Answer: $7500
Explanation:
It should be noted that the gross income exclusion towards a scholarship will consist of the education related expense and the tuition only.
In this case, the income that was earned which is $6000 and the room and board expense of $1500 will be added which makes $7500. Therefore, the amount that must be included in Dean's gross income is $7500.
Answer:
1. The GDP deflator for this year is calculated by dividing the<u> Value of all goods and services produced in the economy this year</u> using <u>this year's prices</u> by the <u>Value of all goods and services produced in the economy in the base year </u> using <u>the base year's prices</u> and multiplying by 100.
However, the CPI reflects only the prices of all goods and services<u> bought by consumers</u>.
2. a. A decrease in the price of a Chinese-made car that is popular among U.S. consumers. <u>Affects CPI. </u>
This affects CPI because the CPI reflects only the prices of goods and services purchased by customers.
b. An increase in the price of a Waterman Industries deep-water reel, which is a commercial fishing product used for deep-sea fishing, made in the U.S., but not bought by U.S. consumers. <u>Affects GDP Deflator.</u>
This is a good produced in the United States so it will affect the GDP Deflator as that deals with GDP.
I would guess be good at sports or be popular because in 4th and 5th grade there are no grades
