Answer:
37.02%
Explanation:
we need to calculate r in the following equation: FV = PV (1 + r)ⁿ
$600,000 = $10,000 (1 + r)¹³
$600,000 / $10,000 = (1 + r)¹³
60 = (1 + r)¹³
¹³√60 = 1 + r
1.3702 = 1 + r
r = 1.3702 - 1 = 0.3702 or 37.02%
*to determine ¹³√60 in a non-scientific calculator, find 60∧(1/13). Determine 1/13 first, add to the calculator's memory, then 60∧MR (memory recovery)
The annual compounded interest rate that represents a growth from $10,000 to $600,000 over 13 years is approximately 37.49% when rounded to two decimal places.
To find the annual compounded interest rate, we can use the formula for compound interest, which is A = P(1 + r)n, where A is the amount of money accumulated after n years, including interest, P is the principal amount, r is the annual interest rate (as a decimal), and n is the number of years the money is invested. In this case, the final amount A is $600,000, the principal amount P is $10,000, and the number of years n is 13.
The equation can be rearranged to solve for r:
600,000 = 10,000(1 + r)13
(1 + r)13 = 600,000 / 10,000
(1 + r)13 = 60
Now, we take the 13th root of 60 to find (1 + r), and then subtract 1 to find the rate:
1 + r = 601/13
r = 601/13 - 1
Using a calculator, we find that r ≈ 0.3749 or 37.49% when rounded to two decimal places.
#SPJ3
Answer: D
Explanation: Another name for Statement of Financial Performance is a Balance Sheet and it shows the Financial Position of firms as at a particular date and with the appropriate currency.
Answer:
Option A. The fourth step that is occasionally required to repair damaged relationships is to change the behavior that caused the problem.
Explanation:
When having the intention to repair a relationship that has been damaged, there are several steps that the person can take in order to achieve the goal. The first step to consider is whether the relationship is worth saving or not, as there are some occasions in which maybe the best thing for both people is to continue in separate ways. If the person decides that the relationship is worth saving, then the second step needs to be to communicate in an honest and open way the problem to the other person involved, and after that the person needs to look at the problem from the other person's point of view in order to be more empathetic about the whole situation. This is when the fourth step comes in action, after discussing the issue, there needs to be a change in the behavior that caused it, so that the relationship can move forwards and heal properly.
The lower prices tend to affect the demand, it will increase the demand.
Further Explanation:
Equilibrium price:
The equilibrium price is the price where the demand and supply are equal at a particular price. If the price of the good increases, the demand for the product will decrease. If the price of the good decreases, the demand for the product will increase.
As the price of the good is lower, the good is available in less amount of money. The customer has a fixed income, now they can purchase the more quantity of good with his fixed income. As the price of the good is more, the good is available in more amount of money. The customer has a fixed income, now they can purchase the less quantity of good with his fixed income.
Let us take an example, a pen costs $5, in the market. A customer has a $50 fixed income, he can purchase 10 units of pen from the market. Let us assume a pen cost will decrease from $5 to $2, in the market. A customer has the same $50 fixed income, now he can purchase 25 units of a pen from the market.
Therefore, the price and demand of the goods have an inverse relationship with each other.
Learn more:
1. Learn more about consumer influence
2. Learn more about equilibrium price
3. Learn more about consumer protection law
Answer details:
Grade: Middle School
Subject: Economics
Chapter: Demand
Keywords: The lower prices, tend to affect, demand, increase, equilibrium price, a pen costs $5, increase, decrease, market, inversely, less amount of money.
When the price is lower, with a condition other factors remain equal, the more people would buy the product. That means the demand would increase. When the price increases, fewer people would buy the products, means the demand would decrease.
In the market, supply and demand always shift until the market finds the equilibrium price. Equilibrium is the condition when demand meets supply and the price stabilize. Multiple factors can affect both supply and demand This factors included consumer preferences, product substitutes, the price of the complementary product, production cost, supply chain and the number of competitors.
The law of demand explains when the price goes up, people will less likely to buy the product, it means that the demand will decreases. In other words, the higher the price, the lower the quantity demanded. On the other hand, the law of supply stated when the price of goods increase, so the supply will increase too. It because by selling at a higher price will increase revenue.
Equilibrium in the market brainly.com/question/1107749
Supply and demand brainly.com/question/2306198
Changing Prices affected supply and demand brainly.com/question/1600736
Keywords: demand curve, prices, supply, demand, equilibrium, law of demand and supply
Answer:
B. It would increase each year by 3 percent.
Explanation:
Given
Pension = $50,000 in first year
Increment = 5%
Inflation = 2%
Inflation doesn't only affect the value of an investment, it also influence the liabilities of a pension fund.
Consider a pension plan which gives a worker a benefit based on final average salary; A slight increase in the inflation would reduce the worker's real benefits in the years after retirement.
So, instead of Terry's pension to increase by 5% each year,
It'll increase by 3%
This is calculated by subtracting the inflation rate from the real increment rate.
5% - 2% = 3%
Answer:
Ellen services is included in U.S. GDP
Explanation:
Domestic work that is not paid is not included in the calculation of a country's GDP. That's the case with Sam household works.
All the compensation to employees are considered in GPD computation, it is not important the nationality of the employee, but the work must be done in the U.S. and that's the case with Ellen.