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You open a savings account to save for a new house. Everymonth you put $100 into a savings account which pays 5% interest compounded monthly. At the end of each year you receive a $500 bonus which you place directly into your "housefund". How much is in this account after 5 years?
it also gives each economy's average annual growth rate over this period. for example, real GDP per persion in senegal was $1,776 in 1960 and actually declined to $1,571 by 2000. Senegal's average annual growth rate during this period was -0.31%
A furniture company has compiled the year's revenue expectations and probabilities: Sales Probabilities 240 .05 280 .10 320 .70 360 .10 400 .05 Calculate a) Expected revenue b) Standard deviation c) Coefficient of variation
The probability that a telephone call lasts no more than t minutes is often modeled as an exponential cumulative distribution function F(t)={(1-e^(-t/3), t?0,@0 otherwise.) a) What is the probability density function of the duration in minutes of a..
Lawson just purchased an income annuity for $323,335. The income annuity pays interest at a rate of 3.85 percent compounded monthly. The first income payment will be made today and the final income payment will be made in twenty years.
The output of workers at a factory depends on the number of supervisors hired (see below). The factory sells its output for $0.50 each; it hires 50 production workers at a wage of $100 per day, and needs to decide how many supervisors to hire.
given a set of data with years ranging from 1959-1999, GDP in billions, Transfers from the rest of the world, GNP in billions, Growth rate real GDP in %, and popualtion in thousands. I have been asked to calculate income(factor)transfers from the ..
Now suppose that the gross national debt initially is equal to $2.5 trillion and the federal government then runs a deficit of $100 billion: i. What is the new level of gross national debt ii. If 100 percent of this deficit is financed by the sale o..
Costs associated with the manufacture of "blah" are $73,000 per year. They found that by spending $16,000 now, the cost will go down to $58,000 next year and $52,000 in years 2 through 5.
During 2003, the economy began to stop worrying that inflation was a problem. Instead, the worry was about deflation, a decline in the price level. Assume that the fed decided to hold money supply constant. What impact will deflation have on inter..
You are the owner of a local honda dealership. Unlike other dealerships in the area, you take pride in your "no haggle" sales policy. Last year, your dealership earned record profits of $1.5 million.
Personal Interest Income 998.1 Personal Tax and Non-Tax Payments 1403.3 a. Calculate National Income b. Calculate Personal Income and Disposable Personal Income c. Calculate Gross National Product (GNP) d. Calculate Gross Domestic Product (GDP) e. Ca..
Currency held by the public is 1000 sheckels, bank reserves are 200 sheckels, and the desired reserve-deposit ratio is 0.2. What is the money supply How is the money supply affected if the central bank prints 100 sheckels
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