The gap between wealthy and low-income individuals within a population is called income inequality.
A population, in statistics and different areas of mathematics, is a discrete group of people, animals or things that may be diagnosed through as a minimum one commonplace feature for the functions of data collection and evaluation. To collect statistics about a huge populace, facts is generally accrued from a pattern.
A population is the complete institution that you want to attract conclusions about. A sample is the unique organization that you will accumulate facts from. the scale of the sample is continually less than the entire length of the populace. In studies, a populace would not constantly talk to humans.
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ll other things being equal, if kitts company increases its total fixed cost, the number of units necessary to reach the break-even point will multiple choice increase. decrease. remain constant.
All other things being equal, if Kitts company increases its total fixed cost, the number of units necessary to reach the break-even point will increase.
All recurring, non-variable expenses a business incurs are added together to form total fixed costs. Picture a business that hires office space for $10,000 per month, rents equipment for $5,000 per month, and pays $1,000 per month for utilities. In this scenario, the total fixed costs for the business would be $16,000. No matter how many items a company produces or sells, all of its operating expenses, known as total fixed costs, must be covered. No matter how much or how little is produced, the total fixed cost remains constant. When production is completely stopped, fixed costs are still present.
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What education does a product developer or product designer that creates yugioh cards for Konami needs?
Answer:
100 students at college
you want to buy a new car, but you can make an initial payment of only $2,400 and can afford monthly payments of at most $500.
Maximum price we can pay for the car if the purchase is financed over 48 months = $21,386.98
If the APR on auto loans is 12% and you finance the purchase over 48 months, what is the maximum price you can pay for the car?Generally, the equation for PV is mathematically given as
[tex]$\mathrm{PV}=\quad \mathrm{C} * \frac{1-\left[1 /(1+r)^{\wedge} \mathrm{n}\right]}{\mathrm{r}}$[/tex]
C= Monthly Amount = 500
r= Interest Rate Per Period =12 %=0.12 / 12=0.001
n= Number of Periods =48 Months =48 Periods
Therefore
[tex]= 500^* \frac{1-\left[1 /(1+0.01)^{\wedge} 48\right]}{0.01}[/tex]
[tex]\begin{aligned}&=\$ 500^* \frac{1-\left[1 /(1.01)^{\wedge} 48\right]}{0.01} \\\\&=\$ 500^* \frac{1-[1 / 1.612226078]}{0.01} \\\\&=\$ 500 * \frac{1-0.620260405}{0.01}\end{aligned}[/tex]
In conclusion,
[tex]= 500^* \frac{0.379739595}{0.01}\\\\=\$ 500^*37.9739595\\\\=\$ 18,986.98$[/tex]
Maximum price we can afford:
= Initial Payment + Present value of monthly payments
=$ 2,400+$ 18,986.98
=$ 21,386.98
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CQ
you want to buy a new car, but you can make an initial payment of only $2,400 and can afford monthly payments of at most $500.
If the APR on auto loans is 12% and you finance the purchase over 48 months, what is the maximum price you can pay for the car? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Budgets can be prepared conservatively by? underestimating costs. underestimating earnings. overestimating goals. overestimating results. reconciling behaviors and goals.
Budgets can be prepared conservatively by underestimating earnings.
What are the steps of creating a budget?Determining your income : The monthly income or the take home amount after paying the taxes and other expenses has to be determined. Other sources of income can also be included hereDetermining your expenses : Try to record everything of your regular monthly expenses. It is one of the most difficult steps.Choose a budget plan : Once you have the idea of the expenses and income, you can easily decide the budget plan according to your need.Adjusting your habits : you need to get control over your finances and therefore one has to put some efforts to manage the income and expenses developing certain habits to improve the finance.Living the plan : A budget is an ever changing plan and it can be adjusted regularly as your expenses change.To learn more about budgets, refer
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simone manages the importing seasonal fruits from supplies in chile, mexico, and in the united states. global competition collaboration and teams flattened management hierarchies
Simone manages the importing seasonal fruits from supplies in Chile, Mexico, and in the united states. A. global competition.
What is Global Competition?Global competition is the competition that is around the globe, in this competition the products from around the world are sold and are sold to all the countries around the world. This makes the competition global.
There are many companies in the world who compete globally, this global competition is due to the nature of product as they offer imported goods around the world. The competitors also deal in the same or similar products which can be used as a substitute to the product of the company.
There are countries where a certain product is of a greater quality and so it is imported and purchased by many elites.
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Researchers believe that design methodology provides ________ learning mechanisms important for converting ideas into form.
Design methodology, according to researchers, offers certain learning mechanisms crucial for giving ideas form.
What is Design methodology?Design methodology describes the process of creating a system or approach for a certain circumstance. Nowadays, the phrase is most frequently used in connection with technological disciplines such as web design, software development, or information system design. Design approach is a component of many degree programs, particularly those in the visual and digital arts.
Finding the best solution for each design situation, whether it be in industrial design, architecture, or technology, is the key to design methodology. The importance of brainstorming in design approach is emphasized, along with the use of cooperative thinking to sort through each concept put out and find the optimal answer.
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assume that england and france each has 40 labor hours available. if each country divides its time equally between the production of cheese and wine
if each country divides its time equally between the production of cheese and wine 24 units of cheese and 15 units of wine and it is known as production function.
What is the production function?The technological relationship between the amounts of physical inputs and the amounts of the output of goods is given by a production function in economics. One of the foundational ideas of traditional neoclassical theories is the production function, which is used to describe the marginal products and distinguish between allocative efficiency, a crucial area of economics study. The production function's ability to handle allocative efficiency in the utilization of factor inputs during production and the ensuing distribution of income to those factors while avoiding the technical challenges associated with achieving technical efficiency, as understood by an engineer or professional manager, is one of its key functions.
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sales $ 8,600 assets 16,100 debt $ 6,400 costs 5,630 equity 9,700 net income $ 2,970 total 16,100 total $ 16,100 assets and costs are proportional to sales; debt and equity are not. no dividends are paid. next year’s sales are projected to be $10,578.
External Financing is nothing but how much money a company would need to borrow from the third party to carry out it's operations or to buy an asset.
To find out the external financing we need to calculate net income, assets and equity. Subtracting Costs from Sales we get Net Income.
After calculations we get $50 as External Finance needed.
Growth rate in sales = (10,578 - 8600) / 8600 = 23%
Sales = 10,578
Costs(5630*1.23) = 6924.9
Net income = Sales - Costs = 10,578 - 6924.9 =3653.1
Total assets would be = 16100*1.23 =19,803
Total equity would be=9700+3653.1 =13353.1
Total assets=Total equity +Total debt
Hence external financing needed=19803 - 13353.1 - 6400 =$50.
In the theory of capital structure, external financing is the funds that firms obtain from outside of the firm. it's contrasted to internal financing which consists mainly of profits retained by the firm for investment. There are many forms of external financing.
Subtract the company's projected capital needs and capital expenditures from profit to work out the quantity of external financing needed.
Hence External Financing needed is $50
Your question is incomplete. Kindly find the missing part below:
What is the external financing needed?
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in order for activities to be useful as schedule building blocks, they should have tangible output that can be verified
The statement is True.
What are generic building blocks?The following are general traits of building blocks: A building block is a collection of features designed to address the demands of the business across an organization. The functionality can be accessed through public interfaces from a building block. A building block has the potential to work together with other interconnected building blocks.The foundational components of art as a whole are seven different types of artistic expression. The seven elements are line, color, value, shape, form, space, and texture.A building block is a collection of features designed to address the demands of the business across an organization. The functionality of a building block is accessible through public interfaces. A building block may work in conjunction with other, related building blocks.Nanoparticles, metal-organic frameworks, organic molecular structures, and supra-molecular complexes are utilized as building blocks for the bottom-up modular assembly of molecular architectures. Utilizing building blocks ensures exact control over the final composition of a molecule or (supra)molecular construct.In order for activities to be useful as schedule building blocks, they should have a tangible output that can be verified. The statement is True.
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jackson inc. purchased 10,000 shares (2% ownership) of taylor corp. on february 6. jackson received a 2,000 share stock dividend on march 15 when the market value of taylor was $40 per share. on august 31, taylor paid a cash dividend of $1.50 per share. for the year ended december 31, jackson should report dividend income of: $15,000. $18,000. $88,000.
In its income statement for this year, the amount which Jackson inc. should report as dividend income is $18,000.
Given,
Shares purchased = 10,000
Ownership = 2%
Received a stock dividend of 2,000 shares
Market value per share = $40
Cash dividend of $1.50 per share
Dividend income can be calculated by the below given formula-
Dividend Income = No. of shares × dividend per share
Dividend Income = 12000 × $1.50
Dividend Income = $18,000
Therefore, the dividend Income is $18,000
Dividend income is considered as an amount which is distributed to the company's shareholders. Thus, the dividends are distributed from the company's earnings or profits.
Hence, option B is correct.
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Swapping an obligation to pay interest at a specified fixed or floating rate for payments representing the total return on a loan or a bond of a specified amount is an example of?
The correct answer B. Swapping an obligation to pay interest at a specified fixed or floating rate for payments representing the total return on a loan or a bond of a specified amount is an example of a credit swap.
In a credit default swap (CDS), the seller agrees to pay the buyer in the event that the debtor defaults on their obligations or another credit event. In other words, the buyer is protected against a reference asset default by the CDS seller. The CDS buyer pays the seller a series of payments in exchange for the possibility of receiving a settlement in the event that the asset defaults. Financial experts, policymakers, and the media can utilize CDS data to track how the market perceives the credit risk of any firm for which a CDS is available and compare it to the information given by the Credit Rating Agencies.
Swapping an obligation to pay interest at a specified fixed or floating rate for payments representing the total return on a loan or a bond of a specified amount is an example of
A. a commodity swap.
B. a credit swap.
C. a currency swap.
D. an equity swap.
E. an interest rate swap.
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________ is an agreement between a manufacturer and a distributor on the price at which a product will be resold.
Resale price maintenance is an agreement which is between a manufacturer and a distributor on price at which a product will be resold.
Resale price maintenance refers to a practice in which a manufacturer fixes the price for the resale of a brand product and so in this practice the retailer is not allowed to sell it at a lower price.
Manufacturers use the resale price maintenance in order to more directly prevent inter-retailer price competition. Resale price maintenance can be considered inefficient if it enables a manufacturer and dealers to operate a cartel and charge the monopoly price.
Hence, selling a product, resale price maintenance can be efficient if it permits retailers to provide an efficient level of service.
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Marcus says that he would smoke one pack of cigarettes each day regardless of the price. if he is telling the truth, marcus's?
Marcus says that he would smoke one pack of cigarettes each day regardless of the price. if he is telling the truth, Marcus's. Demand for cigarettes is perfectly inelastic.
When an item or service's quantity stays constant even when its price varies, it is said to be inelastic in the economic sense. When prices rise, consumers' purchasing patterns essentially stay the same, and when prices fall, those patterns also stay the same, which is what is meant by inelastic demand. When a good or service's price changes by 1%, it signifies that the amount sought or provided will vary by less than 1%. This is referred to as being inelastic. An essential prescription would be regarded as an inelastic good, for instance, if its price rose from $200 to $202, a 1% rise, and its demand fell from 1,000 units to 995 units, a less than 1% decline.
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If allie purchases a car for $35,000 and pays $4,000 down and the balance in 24 monthly payments, what will her payments be if the lender requires 7.2ompounded monthly?
Her payment is $31000.
Divide the interest rate you're being charged by the number of payments you'll make each year, usually 12 months. Multiply that figure by the initial balance of your loan, which should start at the full amount you borrowed.
Compound interest is calculated by multiplying the initial loan amount, or principal, by one plus the annual interest rate raised to the number of compound periods minus one. This will leave you with the total sum of the loan including compound interest.
The monthly compound interest formula is used to find the compound interest per month. The formula of monthly compound interest is:
Car cost = $35,000
down payment = $4000
monthly payments = 24.
CI = P(1 + (r/12) )12t - P
rate of interest = 7.2 %
The payments if the lender requires 7.2 % interest.
Total financing required = 35000 - 4000 = $31000
Where, P is the principal amount, r is the interest rate in decimal form, and t is the time.
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The demand for nike shoes is _________________ than the demand for shoes in general.
a. less elastic
b. more inelastic
c. less inelastic
d. more elastic
The demand for Nike shoes is less inelastic than the demand.
The price elasticity of call for is calculated by dividing the share trade-in by the amount demanded via the share change in charge. If the quotient is greater than or equal to one, the demand is taken into consideration to be elastic. If the fee is less than one, demand is considered inelastic.
Inelastic refers to the static quantity of a terrific whilst its rate changes. when the charge of a very good provider changes and the quantity demanded of that right does not extensively alternate, the coolest or service is taken into consideration inelastic.
An inelastic call for is one wherein the trade-in quantity demanded due to a trade-in price is small. If the method creates an absolute price of more than 1, the call is elastic. In other phrases, quantity changes faster than the fee. If the cost is much less than 1, demand is inelastic.
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Sharon is given two options. Option 1 allows her to take $5. Option 2 allows her a 1/3 chance of winning $50, but she risks losing $10, 2/3 of the time. Sharon chooses option 1. What best describes sharon?.
Risk averse best describes sharon.
In investing, risk equals price volatility. An investor who puts their money into a checking account with a coffee but guaranteed rate, instead of buying stocks, which might fluctuate in price but potentially earn much higher returns. because it implies, you – or more importantly, your financial situation – can tolerate risk, although you do not necessarily go seeking it.
If you're risk-averse, it generally means you do not prefer to take risks, or you're comfortable taking only small risks. When applied to investing behavior, the meaning changes slightly, and it can actually be damaging to your ability to provide the most effective returns over time. A risk lover is an investor who is willing to require additional risk for an investment that incorporates a relatively low additional expected return in exchange for that risk.
Risk-seeking confers a high degree of risk tolerance, or the number of potential losses an investor is willing to simply accept. In contrast with risk-seeking investors, risk-averse investors seek low-risk investments and are willing to simply accept a lower rate of return due to the need to preserve capital.
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Which of these explains why a person would hesitate to save money? a fear of not having money for emergencies b desire to live paycheck-to-paycheck c social and cultural influences d low monthly income
A person hesitates in saving money because of a fear of not having money for emergencies.
What is saving?
When a person kept some amount aside from expenses is known as saving. This amount is used by him in the future.
In this question, we have to identify the reason for hesitation in saving money. Due to the fear of future emergencies a person hesitates to save money. He fears that if some uncertainties happen then he would not be able to use that amount of the savings to meet uncertainties.
Hence, option (a) is correct.
Option (b) is not correct because it is not the correct reason.
Option (c) is not correct because it is not the correct reason.
Option (d) is not correct because it is not the correct reason.
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employees of bishop, inc. exercised 100 nonqualified employee stock options when the bargain element was $4 per option. bishop had previously expensed a total of $100 per books as the options vested. what is the effect on the book-tax difference at exercise?
If bishop had previously expensed a total of $100 per books as the options vested. The effect on the book-tax difference at exercise is: $100 reversal of an unfavorable temporary difference and a $300 permanent favorable difference.
Effect on the book-tax difference at exerciseThe amount of $100 unfavorable difference will be reversed while the extra tax benefit of the amount of $300 will create a favorable permanent difference.
The favorable difference of the amount of $300 will be reported in shareholders' equity as wind fall tax benefit and as well recorded as additional paid-in capital.
The favorable permanent difference is calculated as:
Favorable permanent difference=(100× $4 per option)- $100
Favorable permanent difference=$400-$100
Favorable permanent difference=$300
Therefore the effect on the book-tax difference at exercise is: $100 reversal of an unfavorable temporary difference and a $300 permanent favorable difference.
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An individual taxpayer uses a fiscal year of march 1 to february 28. the due date of this taxpayer's federal income tax return is may 15 of each tax year. true false
An individual taxpayer uses a fiscal year of march 1 to February 28. The due date of this taxpayer's federal income tax return is may 15 of each tax year. This statement is False.
A taxpayer is a person or organization difficulty to pay a tax. Modern-day taxpayers may additionally have an identity range, a reference variety issued by using a government to residents or firms. The time period "taxpayer" generally characterizes one who will pay taxes.
How do I recognize if I am a taxpayer?
Kind "ATL (space) thirteen digits automatic countrywide identification Card (CNIC)" and send to 9966. Check energetic Taxpayer fame of AOP and company by using SMS via the subsequent system: Kind "ATL (space) 7 digits national Tax number (NTN)" and send to 9966.
Who qualifies as a taxpayer?
The inner sales Code defines “person” and units forth which humans are situation to federal taxes. phase 7701(a)(14) defines “taxpayer” as “any individual” subject to any inner revenue tax, and section 7701(a)(1) defines “character” to encompass an character, believe, estate, partnership, or agency.
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A company has sales of $640,000, net profit after taxes of $23,000, a total asset turnover of 4.17 and an equity multiplier of 1.67. what is the return on equity?
The return on equity of the company is 25.03%
What is return on equity using Dupont analysis?
The return on equity is the rate of return earned by shareholders on their equity, which is traditionally determined as net income divided by shareholders equity, however, when additional details such as the assets turnover and the equity multiplier are provided, the return on equity is determined using the Dupont three-way formula shown below:
return on equity=net profit margin*assets turnover*equity multiplier
net profit margin=net profit after taxes/sales=$23,000/$640,000
net profit margin=3.59375%
assets turnover=4.17
equity multiplier=1.67
return on equity=3.59375%*4.17*1.67
return on equity=25.03%
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if an individual was studying the economic policies designed to stimulate the country’s economy out of a recession they would be a microeconomist. microeconomist. business manager. business manager. macroeconomist. macroeconomist.
d. A macroeconomist would be someone who studied the economic policies aimed to jolt the country's economy out of a recession.
More about macroeconomics:
The study of how an economy functions, is set up, acts, and makes decisions is known as macroeconomics. Controlling the growth and stability of an economy, for instance, by the use of interest rates, taxes, and government spending.
In contrast to microeconomics, which examines the choices made by particular economic actors like businesses and customers, macroeconomics is interested in the overall effects of economic actions.
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Assume that montana mining, inc. borrows $5,000,000 for 120 days. the total interest paid is $150,000. what is the apy, or effective annual rate of interest that billings pays?
Interest is described as the quantity of cash paid for the use of someone else's cash. An example of interest is the $20 that was earned this yr on your financial savings account. An example of interest is the $2000 you paid in interest this year on your home loan.
APY=one hundred 1+hobby/principle-1
n is days in the time period and assuming the year has 360 days
APY=one hundred 1= 15000/5000000-1 =nine.27%
APY=100 1+interest/principle-1
n is days in term and assuming the year has 360 days
APY=100 1= 15000/5000000-1 =9.27%
If we speaking approximately a piece-associated hobby, make sure it's clear how your hobby makes you a stronger candidate. in case you speak to me about a private interest, we would possibly point out most of the competencies the interest has taught you, but you do not want to directly connect it returned to the job at hand.
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Which profession has trouble finding work if a countries educational system has produced more than the country can employ?
Doctors have trouble finding work if a countries educational system has produced more than the country can employ.
Doctor emigration, commonly referred to as "brain drain," is brought on by a mismatch between demand and supply in wealthy nations and a lack of work satisfaction in developing nations. This effect is caused by a variety of push and pull factors, with media and the internet having a role. Large-scale doctor migration may cause issues for both the donor and recipient nations, thus widening the gap between developed and poor nations.
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What happens to the equilibrium price and quantity when demand increases and at the same time supply decreases, but the demand shift is larger than the supply shift?.
The shift of the demand curve typically shifts less than that of the supply curve when the increase in demand is less than the decrease in supply. In reality, equilibrium quantity decreases while equilibrium price increases.
When economic forces are in balance, a condition or state is said to be in equilibrium. In the absence of outside influences, economic variables essentially hold true to their equilibrium values. Market equilibrium and economic equilibrium are two different concepts. The only price at which consumer and producer plans coincide is the equilibrium price, which is reached when the quantity demanded by consumers and the quantity supplied by producers, respectively, are equal. The equilibrium quantity is the name given to this common quantity. Usually, as the supply of goods and services increases over time, prices decline, which leads to an increase in demand.
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in 1933, john maynard keynes, the father of demand-side economics, wrote to fdr that his new deal approach made him "the trustee for those in every country who seek to mend the evils of our condition by reasoned experiment within the framework of the existing social system."
Roosevelt hoped to restore democratic nature, liberalism, and economic prosperity and development. His New Deal was an alternative to socialism, Nazism, and the activities favored by supporters of unlimited capitalism.
Under the "New Deal," President Franklin D. Roosevelt carried out a number of measures between 1933 and 1939, involving public projects, regulations, and financial reforms. Among the important government initiatives and organizations were the Civilian Conservation Corps (CCC), Farm Security Administration (FSA), National Industrial Recovery Act of 1933 (NIRA), Civil Works Administration (CWA), and Social Security Administration (SSA). They provided aid to farmers, the unemployed, youth, and the elderly. The Additional Deal included further controls and safeguards for the banking industry as well as efforts to stimulate the economy after pricing had fallen sharply.
In 1933, John Maynard Keynes, the father of demand-side economics, wrote to FDR that his New Deal approach made him "the trustee for those in every country who seek to mend the evils of our condition by reasoned experiment within the framework of the existing social system."
What was Keynes implying about Roosevelt's approach? Complete the following passage.
Roosevelt hoped to reconcile democracy, individual liberty, and economic recovery and development. He conceived the New Deal as an alternative to socialism on the_____, Nazism on the_____, and the inaction favored by upholders of______ capitalism.
left
government-regulated
unregulated
right
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The simple circular flow model shows that workers and capital-owners offer their services to firms through the?
The simple circular flow model shows that workers and capital-owners offer their services to firms through the resource markets.
This is further explained below.
What are resource markets.?Generally, Sociologists and others involved in public policy often make use of the phrase "cultural change" to refer to how society evolves through time.
Because of this, society develops new cultural characteristics, patterns of behavior, and social norms, which in turn leads to the formation of new social structures.
In conclusion, The simple circular flow model illustrates how employees and owners of the capital provide their services to businesses by way of resource marketplaces.
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finra rule 2210, communications with the public, has a number of filing requirements. some communications are prefiled, others are postfiled, and some are excluded from filing with finra. included in the list of exclusions would be retail communications
FINRA rule 2210, communications with the public, has a number of filing requirements. some communications are profiled, included in the list of exclusions would be retail communications is option D.
A communication restricted to identifying the member's trade or market-maker symbol is excluded from the FINRA filing requirements. A conversation that identifies and recommends a specific investment corporation or organization needs to be filed.
When previously filed material is used, no filing is essential so long as there may be no material alternate. however, converting from recommending particular funds to precise ETFs is a material trade and might require filing. A retail verbal exchange selling a carrier offered by way of a member firm is a conversation that would likely want filing with FINRA.
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Disclaimer:- your question is incomplete, please see below for the complete question.
A) that do no more than identify and recommend a specific registered investment company or family of registered investment companies.
B) dealing with specific index funds that previously have been filed with FINRA and that are to be used, with the only change being a recommendation of index exchange-traded funds from the same sponsoring organization.
C) that do not make any financial or investment recommendation but only promote a service offered by the member.
D) that do no more than identify a national securities exchange symbol of the member or identify a security for which the member is a registered market maker.
Inherent risk and control risk differ from detection risk in that inherent risk and control risk are?
Detection risk refers to the auditor's processes and can be altered at the auditor's discretion, whereas inherent risk and control risk exist independently of the audit of financial statements. The relationship between detection risk and inherent and control risk should be inverse. The more the detection risk that may be accepted, the less inherent and control risk the auditor thinks to be present. In contrast, the auditor considers that the detection risk can be tolerated less as inherent and control risk increases.
Inherent risk: What is it?
Human Involvement. Business connections and regular meetings.Assumption/Judgment Based Accounting is number three. Organizational structure complexity.Transactions that are not routine.Cybersecurity risks, integrity and moral risks, fraud risk, subpar business system designs, etc. are a few examples of control risks. A crucial duty for the accounting department of a firm is control risk monitoring.
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1. Margot works as a sales associate at a children’s clothing store. What education might Margot have needed to attain her position?
A.
high school diploma
B.
associate degree in childhood education
C.
bachelor’s degree in logistics
D.
master’s degree in business
Answer:
A. High school diploma
Explanation:
Answer:
A
Explanation:
Olivia+invests+$6,000+in+an+account+at+the+beginning+of+each+year+for+6+years.+if+she+earns+12%+per+year+on+her+investment,+what+is+the+equivalent+present+value+of+her+investment?
The equivalent present value of her investment is $71,057.62
Investment is an asset or object acquired with the aim of generating profits or appreciation. Appreciation refers to a boom in the value of an asset over time. when a man or woman purchases a good as funding, the purpose isn't to devour the best but as an alternative to applying it within the future to create wealth.
An investment is an effective manner to place your money to work and probably construct wealth. smart making an investment may also permit your money to outpace inflation and boom in price. The more boom ability to invest is more often than not because of the energy of compounding and the threat-go back tradeoff.
total investment for six-year = $6,000 × 6
= $36,000
rate of interest = 12%
First, convert R as a percent to r as a decimal
r = R/100
r = 12/100
r = 0.12 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
= 36,000.00(1 + 0.12/1)(1)(6)
= 36,000.00(1 + 0.12)(6)
= $71,057.62
The equivalent present value of her investment is $71,057.62
Disclaimer:- The correct format of the question is given below.
Olivia invests $6,000 in an account+at the beginning of each year for 6 years. if she earns 12% per year on her investment, what is the equivalent present value of her investment?
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