You want to buy your dream car, but you are $5,000 short. If you could invest your entire savings of $2,350 at an annual interest of 12%, how long would you have to wait until you have accumulated enough money to buy the car?

Answers

Answer 1

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Related Questions

which of the following are true? multiple select question. the covariance is the square root of the correlation coefficient. the correlation coefficient is the covariance of two assets divided by the product of the standard deviations of those assets. the correlation coefficient is a scaled value and easier to interpret than the covariance. similar to the standard deviation, the covariance and correlation can only be a positive value.
What is JROTC?Pls answer
In a(n) _____ organization, top managers make all the decisions and pass them down to lower levels for implementation
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The income statement reports financial information related to the following broad areas of business excepta. sales
b. operating expenses
c. accumulated depreciation
d. interest expense

Answers

The answer is B. Operating expenses

If a pension plan has not established an irrevocable trust to account for defined benefit pension plan contributions and distributions, a government participating in the plan would report its net pension liability in its proprietary fund and government-wide financial statements.True / False.

Answers

Answer:

The statement is incorrect, the answer is False.

Answer:

False is the correct answer.

Explanation:

A pension plan is a retirement plan that needs an employer to make contributions to a pool of funds set aside for a worker's future benefit. In this case, it is false that if a pension plan has not established an irrevocable trust to account for defined benefit pension plan contributions and distributions, a government participating in the plan would report its net pension liability in its proprietary fund and government-wide financial statements.

when the price movie tickets increases from $15 to $25, the quantity of movie tickets sold decreases from 30 to 20. calculate the absolute value of the price elasticity of demand using this information.

Answers

The absolute value of the price elasticity of demand is 0.5.

Price elasticity of demand is a measure of the change in demand for a commodity in response to a change in price. When the price of movie tickets rises from $15 to $25, the quantity of movie tickets sold decreases from 30 to 20.Using this information, we can calculate the absolute value of the price elasticity of demand as follows:

Absolute value of the price elasticity of demand=Percentage change in quantity demanded/Percentage change in price. To calculate the percentage change in quantity demanded, we use the following formula:

Percentage change in quantity demanded

=((new quantity demanded - old quantity demanded)/old quantity demanded) x 100

Percent change in quantity demanded=((20-30)/30) x 100Percent change in quantity demanded=-33.33%

To calculate the percentage change in price, we use the following formula: Percentage change in price

=((new price - old price)/old price) x 100

Percent change in price=((25-15)/15) x 100

Percent change in price=66.67%

Now we can substitute these values into the formula for the absolute value of the price elasticity of demand.

Absolute value of the price elasticity of demand=Percentage change in quantity demanded/Percentage change in price

Absolute value of the price elasticity of demand=|-33.33/66.67|. Absolute value of the price elasticity of demand=0.5.

To know more price elasticity of demand, refer here:

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Hull Identification Numbers (HINs) are used to properly identify a vessel and are marked on which of the following locations? A, Starboard side of the Bow A, Starboard side of the Bow Starboard side of the Bow B, Port side of the Bow B, Port side of the Bow Port side of the Bow C, Port side of the Stern C, Port side of the Stern Port side of the Stern D, Starboard side of the Stern D, Starboard side of the Stern Starboard side of the Stern

Answers

Answer:

The correct answer is D. Starboard side of the Stern.

Explanation:

Port and starboard are, respectively, the left and right sides of a vessel, facing forward (the front of the ship), regardless of the direction of travel.

The reason why these special names are given on each side of a boat is to avoid the confusion that can occur with the words "right" and "left", as these can mean either side of the boat depending on the point of the crewman's view.

Answer:

the answer is D

Explanation:

i dont wont to explain but yeah

Can identity theft occur through legitimate access to your personal information? Explain.

Answers

Answer:

no i think

Explanation:

What does fair trade mean?

Answers

its trade between companies in developed countries and producers in developing countries where fair prices are paid to the producers so it contributes to sustainable development by offering better trading conditions and securing the rights of producers

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The easiest way to convert your paper files into electronic files is by _______.

Capital budgeting is the process of: a. keeping track of all the revenues and expenses incurred by a firm during the year. b. determining how much capital a firm should raise. c. determining how much debt a firm should budget for in its capital structure. d. determining which capital investments a firm should make.

The spread of an economic system based on investing to make profits, which is becoming the world s dominant economic system, is referred to as ______

The space between a cover letter closing and the author’s typewritten name is called the _____.closing spacesignature linesalutationenclosure