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carebear147
06.11.2020 •
Business
if $2000 is invested at an annual interest rate r compunded monthly the amount in the account after 5 years is given by
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Ответ:
Results are below.
Explanation:
Giving the following information:
Initial investment (PV)= $2,000
Number of periods (n)= 5*12= 60 months
Interst rate (r)= ?
Suppose an interest rate of 8% compounded monthly.
First, we need to determine the monthly interest rate:
i= 0.08/12= 0.0067
To calculate the future value after 5 years, we need to use the following formula:
FV= PV*(1+r)^n
FV= 2,000*1.0067^60
FV= $2,985.62
Ответ:
This is just a poster or a picture, and there is no way with which this can affect the demands of the consumers.
Explanation:
Demand is the quantity of the commodity that the consumer is willing to buy at the prevailing prices in the market.
Demand of the commodity is inversely related with the price of the commodity that is with the increase in the price of the commodity, the quantity of the commodity demanded will decrease. Other factors which affect the demand of the good apart from the price of the good are the advertising, the income of the good, the prices of the other goods and so on.