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Home Question Bank Economics Archive 2024 December 06

Economics Questions from Dec 06,2024

Browse the Economics Q&A Archive for Dec 06,2024, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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3 HW \( 1 \leftarrow \) Use the portion of the Income Tax Table to find the federal income tax where taxable income is \( \$ 40,098 \) and the filing status is "Single." Click here to view the portion of the Income Tax Table. The federal income tax is \( \$ \square \). Elise and her friend Eloi developed an online car repair training course and sell it for \( \$ 68.50 \) per course. The contribution margin per course is \( \$ 23.00 \) and to break-even they need to have a total revenue of \( \$ 137,000.00 \) per annum. a. What is the break-even volume? Round up to the next whole number 13) Marco has invested \( \$ 12,500 \) in a savings account that pays \( 8 \% \) interest compounded quarterly. If he leaves his money in the bank for 15 years, how much money will he have in his account at the end of the 15 years? 13) Marco has invested \( \$ 12,500 \) in a savings account that pays \( 8 \% \) interest compounded quarterly. If he leaves his money in the bank for 15 years, how much money will he have in his account at the end of the 15 years? 12) If you invest \( \$ 1,000 \) in an account that pays \( 5 \% \) interest compounded annually for 5 years, how much money - principal plus interest - will you have at the end of 5 years? HINT: \( F=P(1+i)^{n} \) 10) Juan invests \( \$ 4500 \) in a simple interest account for 10 years. He earns a total of \( \$ 900 \) in interest. What was the rate of interest earned? 9) Oswald needs to by a new calculator for his math class, and he finds one at Nerd City that is marked down \( 30 \% \) from the original price of \( \$ 80 \). He then finds an online coupon for an additional \( 15 \% \) discount from Nerd City. What will be the final price that Oswald will pay for his fancy new calculator? If your bank account starts out with \( \$ 200 \) dollars and has \( \$ 3,800 \) after 12 months, the function representing this growth is \( f(x)=300 x+200 \). How much money is being added to the bank account per month on average? ch \( \$ 12 \) \( \$ 300 \) \( \$ 3,800 \) Back Next Cybll Baunt Just Inhertted a 1958 Chevy Impala from her late Aunt Joop. Aunt Joop purchased the car 40 years ago for \( \$ 8,000 \). Cybll is elther golng to sell the car for \( \$ 10,000 \) or have it restored and then sell it for \( \$ 22,000 \). The restoration will cost \( \$ 9,000 \). Cybill would be financlally better off by: Muitiple Choice In order to purchase a home, a family borrows \( \$ 60,000 \) at a annual interest rate of \( 9 \% \), to be paid back over a 15-year p in equal monthly payments. What is their monthly payment
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