Economics Questions from Jan 11,2025

Browse the Economics Q&A Archive for Jan 11,2025, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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A sales rep for roofing materials figures he can generate about \( \$ 1,700,000 \) in business annually. What rate of commission does he need in order to earn \( \$ 40,000 \) ? The sales rep needs to be paid a commission rate of \( \square \% \) in order to earn \( \$ 40,000 \). (Round to one decimal place as needed.) When sales of a particular hybrid automobile reach 60,000 units, federal income tax credits begin to phase out. One year after reaching this threshold, buyers are still eligible for \( 15 \% \) of the original \( \$ 2000 \) credit. What tax credit would buyers recelve if they purchased the vehicle at this time? Buyers would recelve a tax credit of \( \$ \square \) (Type a whole number or a decimal.) (126) El 31 de diciembre se depositan 5000 € al \( 4 \% \) anual. Si no se retiran durante 6 años, ¿qué capital habrá al finalizar cada uno de los 6 años? If you are paid \( \$ 232.94 \) for \( 25 \frac{1}{2} \) hours of work, what amount should you be paid for 34 hours of work at this same rate of pay? You should be paid \( \$ \square \) for 34 hours of work. (Round to the nearest cent as needed.) Suppose \( \$ 1500 \) is initially invested in an account and the value of the account grows exponentially. If the investment doubles in 8 yr , then the amount in the account \( t \) years after the initial investment is given by \( A(t)=1500(2)^{t / 8} \) where \( A(t) \) is the amount in the account. (a) Find the amount in the account after 7 yr . (b) Find the amount in the account after 12 yr . (c) Find \( A(0) \) and \( A(8) \) and interpret the answers in the context of this problem. Part: \( 0 / 4 \) Part 1 of 4 (a) In 7 yr , the amount in the account is approximately \( \$ \) A lawninower was traded in for R236 after 10 years. The depreciation was calculated at \( 9,2 \% \) p.a. on a straight-line basis, Determine the cost of the Iawnmower 10 years ago. Find the amount that will be accumulated in the account under the given conditions. Principal \( =\$ 20,000 \); simple interest rate of \( 11 \% \) for 6 years. A. \( \$ 33,200 \) B. \( \$ 1,340,000 \) C. \( \$ 37,408 \) D. \( \$ 21,320 \) ind the payment necessary to amortize the loan. Round the answer to the nearest cent. \( \$ 40,900 ; 10 \% \) compounded monthly; 36 monthly payments A. \( \$ 1,198.26 \) B. \( \$ 1,618.32 \) C. \( \$ 1,319.73 \) John Lee's savings account has a balance of \( \$ 1,200 \). After 8 months, what will the amount of simple interest be at \( 3 \% \) annual interest rate per year? A. \( \$ 24 \) B. \( \$ 1224 \) C. \( \$ 240 \) D. \( \$ 288 \) Joe needs \( \$ 12,000 \) in 4 years. What amount can he deposit at the end of each month at \( 5 \% \) annual rate of interest compounded monthly, so he will have his \( \$ 12,000 \) ? Round to the nearest cent. A. \( \$ 226.35 \) B. \( \$ 314.78 \) C. \( \$ 325.16 \) D. \( \$ 287.62 \)
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