Login
Premium
Home Question Bank Economics Archive 2024 December 13

Economics Questions from Dec 13,2024

Browse the Economics Q&A Archive for Dec 13,2024, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

error msg
Question 4 (2 points) An account is opened with an initial deposit of \( \$ 2,400 \) and earns \( 3.9 \% \) interest compounded monthly. What will the account be worth in 21 years? (round to 2 decimal places) Your Answer: Question 4 (2 points) An account is opened with an initial deposit of \( \$ 2,400 \) and earns \( 3.9 \% \) interest compounded monthly. What will the account be worth in 21 years? (round to 2 decimal places) Your Answer: Josue is going to invest in an account paying an interest rate of \( 3.1 \% \) compounded quarterly How much would Josue need to invest, to the nearest hundred dollars, for the value of the account to reach \( \$ 1,170 \) in 13 years? Isaiah is going to invest in an account paying an interest rate of \( 4.9 \% \) compounded monthly. How much would Isaiah need to invest, to the nearest ten dollars, for the value of the account to reach \( \$ 1,150 \) in 14 years? Emma is going to invest in an account paying an interest rate of \( 5.5 \% \) compounded annuall How much would Emma need to invest, to the nearest hundred dollars, for the value of the account to reach \( \$ 480 \) in 8 years? 4. Peggy loaned P200 000 from a bank to finance her son's college education. She promised to pay the bank after four years at an interest rate of \( 8 \% \) simple interest per year. How much will Peggy pay the bank after four years? Solution and onswer: 3. Luis' current savings amount to P25 000. He wants to put this amount in an Investment that earns a \( 5.25 \% \) simple interest annually. How much will the maturity value of the money be after 3 years? Solution and answer: 2. Scott borrowed P100 000 from a lending institution that charges a yearly \( 7.2 \% \) simple interest. It takes him two years to pay. How much total interest does Scott need to pay? Solution and onswer: Assuming continuous compounding, what will it cost to buy a \( \$ 20 \) item in 4 years at the following inflation rates? (a) At \( 3 \% \), the cost will be (b) At \( 6 \% \), the cost will be Three individuals form a partnership and agree to divide the profits equally. X invests \( \$ 9,000, \mathrm{Y} \) invests \( \$ 7,000, \mathrm{Z} \) invests \( \$ 4,000 \). If the profits are \( \$ 4,800 \), how much less does x receive compared to having the profits divided in proportion to the amounts invested by X, Y, and Z ?
Prev 1 2 3 4 5 6
...
14 Next
1 2 3 4 5 6
...
14
Prev Next
Study can be a real struggle
Why not UpStudy it?
Select your plan below
Premium

You can enjoy

Start now
  • Step-by-step explanations
  • 24/7 expert live tutors
  • Unlimited number of questions
  • No interruptions
  • Full access to Answer and Solution
  • Full Access to PDF Chat, UpStudy Chat, Browsing Chat
Basic

Totally free but limited

  • Limited Solution
Welcome to UpStudy!
Please sign in to continue the Thoth AI Chat journey
Continue with Email
Or continue with
By clicking “Sign in”, you agree to our Terms of Use & Privacy Policy