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Home Question Bank Economics Archive 2024 December 07

Economics Questions from Dec 07,2024

Browse the Economics Q&A Archive for Dec 07,2024, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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You deposit \( \$ 2000 \) in an account earning \( 2 \% \) interest compounded continuously. The amount of money in the account after \( t \) years is given by \( A(t)=2000 e^{0.02 t} \). How much will you have in the account in 6 years? \( \$ \) decimal places. How long will it be until you have \( \$ 19100 \) in the account? 2 answer to 2 decimal places. How long does it take for the money in the account to double? yours your your answer to 2 decimal places. You deposit \( \$ 1000 \) at a \( 10 \% \) annual rare. Fill in each table when the interest paid is a. simple interest. Show all work. Suppose you found a CD that pays \( 2.7 \% \) interest compounded monthly for 6 years. If you deposit \( \$ 12,000 \) now, how much will you have in the account in 6 years? (Round to the nearest cent.) What was the interest earned? (Round to the nearest cent.) Now suppose that you would like to have \( \$ 20,000 \) in the account in 6 years. How much would you need to deposit now? (Round to the nearest cent.) 2.37 Portfolio return: A portfolio's value increases by \( 20 \% \) during a financial boom and by \( 8 \% \) during normal times. It decreases by \( 10 \% \) during a recession. What is the expected return on this portfolio if each scenario is equally likely? \( \% \% \) (round to the nearest whole percent) 7. Work out the final value after \( \$ 240 \) is increased by \( 30 \% \), then decreased by \( 15 \% \). LOAN A/C SPREADSHEET Exercise 2 Mr. Mutebi a sole trader in Kikuubo is intending to borrow money from Euro Options Bank on Nakasero Road. He has requested for a sum of Ugx. \( 5,000,000 /= \) which will be given to him at an interest rate of \( 21 \% \) per annum. The loan will be given to him on \( 3^{\text {rd }} \) March 2024. As an intern at Euro Options Bank, you have been requested by your supervisor to prepare a payment schedule for Mr. Mutebi. Required: Using the information provided, prepare Mutebi's loan schedule using Microsoft Excel. 5. Argumenta sobre la importancia que tiene el ahorro para lograr nuestros objetivos de vida. 4. Food bill: \( \$ 25.75 \) Tip: \( 18 \% \) 4 Educazione finanziARIA Se il prezzo di un tablet, IVA inclusa, è pari a \( 145 € \) e l'aliquota dell'IVA è pari al \( 22 \% \), a quanto ammonta il prezzo del tablet, IVA esclusa? \( \quad[118,85 €] \) 5. Fill in the blanks with the correct answer. (2pts each) a. When money is compounded monthly, the frequency of conversion is b. When the annual interest rate is \( 16 \% \) compounded quarterly the interest rate in conversion period is c. If the interest rate per conversion period is \( 1 \% \) compounded monthly, the nominal rate d. When the term is 3 years and 6 months and money is compounded semi-annually, the tot e. When the total number of conversion periods is 12 and the term is 6 years, the money compounded.
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