Explanations:
The formula for future value given
deposit amount, A = 2000
deposit interest, i = 8% annually = 8/4 = 2%, compounded quarterly
compounding period = quarterly
number of periods, n = 15 years = 4*15 = 60 periods (quarters)
The future value is given by:
FV = A*((1+i)^n-1)/i
= 2000*(1.02^60/0.02)
= $228103.08 (rounded to the nearest cent).
The difference in the answer choice is probably due to the teacher's calculator does not have sufficient accuracy.
This is international strategy.
hope this helps!
<span>There are seven top Operating systems that dominate the mobile smart phone market today. These operating systems are Android, Blackberry, iOS, Windows Phone, Java Micro Edition, Kindle Fire, and Symbian. Any of these five are acceptable and would be an appropriate answer.</span>
Dollars is When the price of a good is measured in dollars, then the size of the deadweight loss that results from taxing that good.
<h3>What does the
deadweight loss of taxation measure?</h3>
The wider economic loss induced by a tax hike on a service or product is evaluated by the deadweight loss of taxation. It analyzes how the installation of a tax generates a drop in productivity and a decrease in sales.
Thus, option C is correct.
For more details about deadweight loss of taxation measure, click here:
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Answer:
lower than the interest rate of their respective countries.
Explanation:
The developing countries are always prone or used to having a low level of saving and a higher inflation, and these factors makes their various interest rates in their respective countries to be relatively high. The interest rate in Japan is more or less low most of the time compared to other countries for the reason that the very high rate of saving by households gives room for a great supply of funds to be channeled to borrowers.