answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nalin [4]
2 years ago
12

On january 1, 1980, moises deposited $1850 into a savings account paying 5.6% interest, compounded quarterly. if he hasn't made

any additional deposits or withdrawals since then, and if the interest rate has stayed the same, in what year did his balance hit $3700, according to the rule of 72?
Business
2 answers:
Zepler [3.9K]2 years ago
5 0
We first calculate for the effective interest of the given nominal interest that is compounded quarterly through the equation,
                           ieff = (1 + i/4)^4 - 1
Substituting the known values,
                           ieff = (1 + 0.056/4)^4 -1 = 0.05718

To determine the future worth of a money invested with an interest that is compounded, the equation is,
                             F = P x (1 + ieff)^n
where P is the present worth and n is the number of years. 

For this item, we substitute the known terms in the derived second equation
                       3700 = (1850) x (1 + 0.05718)^n
The value of n is 12.46 years. 

Therefore, the money will be worth $3700 only on 1992. 
Novosadov [1.4K]2 years ago
4 0

1992 for apex yall it says i have to at least 20 characters so thats why this answer is long and im just talking at this point to make up the characters. you dont have to read this part tbh i dont even know anymore. goodluck on that test tho homie

You might be interested in
GMC is considering launching a new line of hybrid diesel-electric SUVs. The heavy advertising expenses associated with the new S
uranmaximum [27]

Answer:

$24 million

Explanation:

Given that

Tax rate = 30%

Pre-tax income = $80 million

The calculation of  pre-tax income next year is shown below:-

The 30% taxes on pre-tax income × $80 million next year

= 30% × $80 million

= $24 million

Therefore, SUV is not introduced so here we will not consider the operating loss for the next year $30 million.

4 0
2 years ago
Denise Mccrae is a school-board member in Mariposa County. Appalled by the amount of junk food in the schools, she convinces the
Bingel [31]

Answer: the Dormant Commerce Clause

Explanation:

The above clause is derived from the Commerce Clause in the Constitution that rules that only Congress can regulate commerce across states which means that no state is allowed to discriminate when it comes to goods coming in from another state neither can they unduly burden trade with other states.

This clause stands even if there is no federal directive or regulation relating to that particular activity.

6 0
2 years ago
The b vitamin content of a whole grain is dramatically decreased during the refining process. to counteract these losses, in the
SCORPION-xisa [38]
In the United States, food manufacturers are required to enrich breads and cereals from milled, refined grains with the following vitamin B: THIAMIN, RIBOFLAVIN AND NIACIN. 
Bran, which is the outer layer of grain is rich in B vitamins and some other nutrients and minerals, but these usually get lost during refining process. Due to this, the government requires grain food manufacturers to add some B vitamins to their products during production. The B vitamins are very essential in man's nutrient because of their many benefits. 
5 0
2 years ago
Diogo has a utility function,U(q1, q2) = q1 0.8 q2 0.2,where q1 is chocolate candy and q2 is slices of pie. If the price of slic
guapka [62]

Answer:

(0.5 \times 8q_2)+q_2=100\\\\5q_2=100\\\\q_2=20

since q_2 = 20

q_1 = 8*20\\\\q_1=160

Explanation:

U(q₁ q₂)

q_1^{0.8}q_2^{0.2}\\\\P_1= \$0.5 \ P_2=\$1 \ Y=100

Budget law can be given by

P_1q_1+P_2q_2=Y\\\\0.5q_1+q_2=100

Lagrangian function can be given by

L=q_1^{0.8}q_2^{0.2}+ \lambda (100-0.5q_1-q_2)

First order condition csn be given by

\frac{dL}{dq} =0.8q_1^{-0.2}q_2^{0.2}-0.5 \lambda=0\\\\0.5 \lambda=0.8q_1^{-0.2}q_2^{0.2}---(i)

\frac{dL}{dq} =0.2q_1^{0.8}q_2^{-0.8}- \lambda=0\\\\ \lambda=0.2q_1^{0.8}q_2^{-0.8}---(ii)

\frac{dL}{d \lambda} =100-0.5q_1-q_2=0\\\\0.5q_1+q_2=100---(iii)

From eqn (i) and eqn (ii) we have

\frac{0.5 \lambda}{\lambda} =\frac{0.8q_1^{-0.2}q_2^{0.2}}{0.2q_1^{0.8}q_2^{-0.8}} \\\\0.5=\frac{4q_2}{q_1}\\\\q_1=8q_2}

Putting q_1=8q_2 in euqtion (iii) we have

(0.5 \times 8q_2)+q_2=100\\\\5q_2=100\\\\q_2=20

since q_2 = 20

q_1 = 8*20\\\\q_1=160

3 0
2 years ago
The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $18,000),
cluponka [151]

Answer:

The production exhibit both scope economics and scale economics. They are not mutually exclusive.

Explanation:

Looking at the scenario critically, we will clearly see the tendency of a scope economics. Scope economics basically hinges on getting a competitive advantage, essentially because of producing in large quantities and numbers. Riverside Ranger logo T-shirts exhibits this as it produce its products in large numbers, producing 1000 pieces of a particular design in 1 hour.

In same breath, we also have the scale economics exhibited by the organization. Taking a deeper look at the cost representation, we will see that the average cost tend to reduce as the production increases. Thus, an economic of scale is achieved here by leveraging on the mass and swift production style of Riverside Rangers logo T-shirts.

7 0
2 years ago
Other questions:
  • Calgary Industries is preparing a budgeted income statement for 2018 and has accumulated the following information. Predicted sa
    6·1 answer
  • According to the video game industry’s statistics, the average gamer is 34 years old. Imagine the standard deviation for age is
    9·1 answer
  • Which one of the following statements is INCORRECT concerning the equity component of the WACC?
    14·1 answer
  • A random sample of 81 automobiles traveling on a section of an interstate showed an average speed of 60 mph. The distribution of
    7·1 answer
  • A(n) _______ can track where the user goes on the Internet and measure how long the user stays at any particular website. This t
    13·1 answer
  • Moon Micro is a small manufacturer of servers that currently builds its entire product in Santa Clara, California. As the market
    7·1 answer
  • The following information is for Bright Eyes Auto Supplies: Bright Eyes Auto Supplies Balance Sheet December 31, 2015 Cash $ 40,
    6·1 answer
  • Lauren is a healthy 27-year-old who does not plan to visit the doctor. What are the best reasons for her to find a
    6·2 answers
  • On January 1, Merry Walker and other stockholders established a catering service. Listed below are accounts to use for transacti
    8·1 answer
  • Consider an automated cash deposit machine in which users provide a card or an account number to deposit cash. Give examples of
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!