Answer:
Having invested $ 300 per month for the past 8 years, the total accumulated investment amount would be $ 28,800 (8 x 12 x 300). Now, having a total amount of $ 43,262, we find an increase of $ 14,462, which corresponds to the interest accumulated during said period. To know the percentage of the increase, we must perform a cross multiplication:
28,800 = 100
14,462 = X
(14,462 x 100) / 28,800 = X
1,446,200 / 28,800 = X
50.21 = X
As we can see, the investment had an increase of 50.21% during these 8 years. Now, the average increase in investment arises from the division of the total percentage of increase by the number of years. So, given that 50.21 / 8 = 6.27, the average annual return rate of this investment is 6.27%.
Answer:
The costs of a “freebie” item includes resources to make, a person's labor, and the cost to the store to offer it to us as free.
Explanation:
Answer:
Hey
Explanation:
Thanks so much.............
Answer:
I believe that it is a governmental regulation of business
Explanation:
Answer:
Real interest rate= 0.0497= 4.97%
Explanation:
Giving the following information:
A bond that pays interest annually yielded 7.37 percent last year. The inflation rate for the same period was 2.4 percent.
<u>The effect of the inflation rate is counterproductive to the interest rate. It diminishes purchasing power.</u>
Real interest rate= nominal interest rate - inflation rate
Real interest rate= 0.0737 - 0.024
Real interest rate= 0.0497= 4.97%