Answer:
He has to deposit $750.46 every month into the account
Explanation:
Future value id the accumulated amount of principal and compounded interest at the end of a specific investment period.
Assuming interest is compounding every month, use following formula to calculate the amount of payment each month.
FV = PV x ( 1 + r )^n + A x ( ( 1 + r )^n - 1 ) / r
$57,000 = $10,000 x (1+0.1%)^5x12 + A x ( ( 1+0.1% )^5x12 -1 ) / 0.1%
A = { $57,000 - [ $10,000 x ( 1 + 0.001 )^60 ] } / [ ( ( 1 + 0.001 )^60 )-1 / 0.001 ]
A = ( $57,000 - $10,618.05 ) / 61.80471
A = $46,381.95 / 61.80471
A = $750.46
Answer:
c. 0.0819
Explanation:
The mean = 0.85
standard error of the proportion is: sp = sqrt(pq/n)
= sqrt ((.85)(0.15) / 51) = 0.05
P(0.9115 < X < 0.946) = P( (0.9115 - 0.85) / 0.05 < z < (0.946 - 0.85) / 0.05 )
= P(1.23 < z < 1.92)
= P(z < 1.92) - P(z < 1.23) = 0.0819
Answer:
A change in the expectations of consumers about prices - a shift of the demand curve for peanut butter
A decrease in the price of peanut butter - a movement along the demand curve for peanut butter
A decrease in the number of consumers - a shift of the demand curve for peanut butter
Explanation:
Only a change in price of a product would lead to a movement along the demand curve for that product.
A decrease in the price of peanut butter would increase the quantity demanded for butter. This would lead to a movement down the demand curve.
A change in the expectations of consumers about prices can shift demand curve either to the left or right.
A decrease in the number of consumers would shift the demand curve to the left.
I hope my answer helps you
Answer:
b
Explanation:
b :because an enconomic good is something you pay for
