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Mnenie [13.5K]
2 years ago
15

South central bank pays 2.5 percent interest, compounded annually, on its savings accounts. northern bank pays 2.5 percent simpl

e interest on its savings accounts. you want to deposit sufficient funds today so that you will have $1,500 in your account 2 years from today. the amount you must deposit today:
Business
1 answer:
sergeinik [125]2 years ago
4 0

Will be greater if you invest in the Northern Bank

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Themes were money and how it effected the teens
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Mark wants a new car that costs $30,000. He only has $500 in his savings account and $300 in his checking account. Which financi
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ANSWER: B) Lease the car with a 0 percent down payment.

EXPLANATION: The car Mark wants to buy has a price of $30,000 whereas his savings account has $500 and checking account has $300 which adds up to $800. The amount of money Mark has is only 2.66% of the cost of the car.

If he tries for option A which is buying the car with 10% down payment, then it would not have been possible as 10% of the car price would be $3,000. Mark at this moment will be short of money by $2,200.

If he tries for option B which is leasing with 0% down payment, Mark will be able own the car without paying any money and also saving the entire amount that his savings account and checking account has.

If he tries for option C which is leasing by paying 35% down payment, Mark will need $10,500. He will run short of money by $9,700.

If Mark tries for option D which is purchasing the car by paying 20% down payment, then he will need $6,000 which is impossible for Mark even if he pulls in money from both the accounts. He will run short of money by $5,200.

5 0
2 years ago
Read 2 more answers
Lly wants to maximize her benefit of consuming apples and bananas, given her fixed budget of $10 for these two fruits. The price
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Answer:

C. solve the buyer's problem for her multiple times and find the optimal number of bananas, when price of a bananas is at a different level each time

Explanation:

7 0
2 years ago
A. Suppose the wages of computer-factory workers rises. This will cause (the supply / the demand) of tablet computers to (shift
Mars2501 [29]

Answer:

Supply, shift in , rise fall

the demand, shift in, fall ,fall

supply , shift out fall, rise

the demand , shift out rise rise

the demand shift in fall fall

Explanation:

If the wages of factory worker increases, it becomes more expensive to hire workers, the cost of production increases and the demand for labour would fall. as a result, production would fall and the supply of tablets would fall. a decrease in supply leads to an inward shift of the supply curve. as a result of the fall in supply, quantity would fall and there would be a rise in price.

Substitute goods are goods that can be used in place of another good. If the price of notebooks falls, it becomes cheaper to purchase notebooks, so the quantity demanded of notebooks would rise and the demand for tablets would fall since it is cheaper to buy a tablet. the demand curve for tablets would shift in as a result of the fall in demand. As a result, price and quantity of tablets would fall.

Increase in the number of manufactures would lead to an increase in supply. this would cause a rise in the supply of tablets. when there is a rise in supply, the supply curve shifts out, prices fall and quantity increases.

the new game would increase demand for tablets because people would be interested in playing the game. as a result of the rise in demand, the demand curve would shift out, the quantity would rise and prices would rise

A complement is a good that is consumed together with another good. if the price of apps rise, it would become more expensive to buy apps as result the demand for tablets would fall. the demand curve would shift in and price and quantity would fall

6 0
2 years ago
Parker Company’s balance reflected Estimated Warranty Payable of $2,000 credit at the end of 2018, the current year. During 2019
musickatia [10]

Answer:

$5,000

Explanation:

The computation of the estimated warranty payable is shown below:

= Credit balance + expected warranty based on sales - warranties paid

= $2,000 + $20,000 - $17,000

= $22,000 - $17,000

= $5,000

The expected warranty based on sales would be

= sales × estimated percentage

= $200,000 × 10%

= $20,000

Simply we added the credit balance and expected warranty and deduct the paid warranties so that the actual amount can come

3 0
2 years ago
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