Business

Reese Howe

17 January, 02:56

Instead of spending the $50 a month you receive, you decided to invest it in your money market account at your bank. Assuming you will earn an average of 5% each year and inflation is forecasted to 2.5% a year, how much have you effectively earned after ten years? (Hint: must use a two formulas to solve this question) In other words, after you have factored out the effects of inflation, how much purchasing power do you have?

+4

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question ✅ “Instead of spending the $50 a month you receive, you decided to invest it in your money market account at your bank. Assuming you will earn ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.

Search for Other Answers

You Might be Interested in

Gavin has owned mnop stock for several years and has seen the stock increase in value from $20 to $35.

Passed in 2010, this law requires that firms with 50 or more employees provide health care insurance for their workers or pay a fine if the government must subsidize health care coverage. a. Health Insurance Portability Accountability Act b.

When you take your mind off the driving, you are: increasing your risk. reducing your risk. not changing your level of risk. driving safely?

Cullumber, Inc. produces three types of balloons-small, medium, and large-with the following characteristics: Small Medium Large Selling price per unit $6 $8 $10 Variable cost per unit 3 5 6 Contribution margin per unit $3 $3 $4 Machine hours per

When marketing managers looks for a relationship between past sales and one or more independent variables, such as population, per capita income, or gross domestic product, they are engaging in

New Questions in Business

Lena is a sole proprietor. In April of this year, she sold equipment purchased four years ago for $26,000 with an adjusted basis of $15,500 for $17,000.

2) accounting principles are divided into two types. these are - a. accounting concepts b. accounting conventions c. accounting standards d. (1) and (2) both

When a remedy at law (i. e., money damages) is fully sufficient to bring justice, equitable remedies are permitted?

An example of an individual financial coi is: a researcher is considering buying stock in a publicly traded company that specializes in making and delivering hand tossed pizza. a researcher's wife works at the same university as the researcher.

Don recently received his first credit card, a mastercard with a credit line of $500. in the first month he had it, he ran up charges of $475.