2. Three years ago, Shawheen deposited $5,000 in a savings account. Today, the account is worth
$5,306.04 even though he never deposited any more money. Why does the account have more money
today than it did three years ago? In your response, also explain why the initial deposit may have had
more purchasing power three years ago. (8 points)

Answers

Answer 1

The amount of money Shawheen deposited in his savings account increased in value because of the interest rate his account earns.

The initial deposit might have a higher purchasing power because of inflation.

When money is deposited in a savings account, the amount of money earns interest.

The value of the interest rate can be determined using this formula: interest earned / (time x amount deposited)

Interest earned = $$5,306.04 - $5,000 = $306.04

Interest rate = $306.04 / (3 x $5000) = 2.04%

Inflation is the persistent rise in the general price levels. Inflation reduces the purchasing power of money.

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Related Questions

What are some risks of adding a new product?

Answers

Answer:

the product could not sell

the product could be poorly received/rated

the product could put your company into debt

if the product got bad reviews that looks bad for your business

Explanation:

the effect of an increase in the price level on the aggregate-demand curve is represented by a

Answers

Answer:

movement to the left along a given aggregate-demand curve.

Explanation:

Imagine that you are the mayor of your town. In an upcoming election, you would like the citizens to vote yes for a gambling establishment to locate in your town. Prepare a short speech encouraging the people of the town to vote yes on your proposal. (8-10 sentences)​

Answers

Answer:

Although Gambling is a bit of a controversial topic, there are many upsides to the activity. The biggest problem many see with gambling is the chance of becoming addicted. Addiction is a state of mind. If you feel that you would easy become addicted, don't partake. Gambling doesn't have to be an addictive activity. Just like any activity, it is designed for fun and gain. Of course, there will be instances where you will lose, however; it is apart of the sport. As long as you are careful, you will be okay. To encourage more activities in this town, please, vote yes.

Explanation:

TELL ME THE WAY TO THE EXIT (I NEED TO KILL ALL THE COCKROACHES

Answers

Answer: corner

Explanation:

How much money is there in the world?

Answers

Answer:

nobody don't have any ideas✓✓

All of this depends on currencies in different in countries because it's all worth different amount like 1 US dollar is 0.76 Pounds.

An average for you in USD is 1.4 quadrillion dollars.

When you borrow money, you are charged _____. When you put your money in the bank and save it, you earn _____.

Answers

Answer:

interest and  interest

Explanation:

they are both a percentage and the earnings of the interest that are in your bank are much lower than when you borrow money, usually 0.6 percent that you earn. Rather when you borrow depending on the loan it can go up to 20 percent interest.

Which of the following goods would be included in the calculation of gross domestic product? Select the two correct answers. (1 point)
1.Steel sold to an automobile manufacturer.
2.Notebooks sold to students.
3.French fries sold to customers at a restaurant.
4.Chemicals sold to pharmaceutical developers.
5.Lumber sold to construction firms.

Answers

Considering the available options, the goods that would be included in the calculation of gross domestic product include "Notebooks sold to students."

The other good that would be included in the calculation of GDP is "French fries sold to customers at a restaurant."

What is GDP?

GDP or Gross Domestic Product as it's generally defined as the summation of consumer spending (C), business investment (I), government spending (G), and net exports.

Consumer spending is the sales of used goods and sales from inventories of goods.

Here the used goods include the Notebooks sold to students and French fries sold to customers at a restaurant.

Hence, in this case, it is concluded that the correct answer is options B and C.

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Liam has purchased a fee-for-service health insurance plan from Leroux Health Insurance. Plan A includes a $248. 00 monthly premium and an annual deductible of $5,500. 00 (not including co-pays). Liam is a fairly healthy young man. He visits his primary care physician three times a year on scheduled visits. He sees a chiropractic specialist every week to help with lower back pain. He has no current prescriptions that need refilling regularly. Assuming Liam maintains his regular visits with his primary care physician and his chiropractor, and avoids any trips to the emergency room or urgent care, how much will Liam pay in health care related fees this year?.

Answers

The amount that'll be paid by Liam in healthcare-related fees this year will be $6216.

Based on the information given, the monthly payment will be:

= $248 × 12

= $2976

She went to the specialist 52 times at 60 dollars. This will be:

= 52 × 60 = $3120

3 visits to the physician at $40 will be:

= $40 × 3 = $120.

Liam's total expenses will be:

= $2976 + $3120 + $120

= $6216

In conclusion, the correct option is $6216.

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Which of the following is a positive impact of technology on society? Staying connected Global deterioration Decreased human interaction Inactive lifestyles

Answers

Answer:

Staying connected

Explanation:

What is political environment in a business? Please help

Answers

Political environment is the state, government and its institutions and legislations and the public and private stakeholders who operate and interact with or influence the system.

If, after interviewing, you are sure a job is not for you, it is not necessary to send a thank-you note. Please select the best answer from the choices provided T F.

Answers

It is false that a thank-you note is not necessary to be sent even when one is sure the job is not for you..

Basically, an interview is conducted by the recruiting firm to assess the various skills, behavior of the job applicant.

This thank-you-note is a sign of good gesture and can even influence the employer to consider the job applicant for the applied role.

In conclusion, It is false that a thank-you note is not necessary to be sent even when one is sure the job is not for you

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Answer:

f

Explanation:

What is an example of an interpersonal skill?
a) being highly self-motivated
b) being very disciplined
c) Being punctual
d) achieving goals

Answers

A ) being highly self motivated

Fill in the blank: Measuring your website’s authority comes down to assessing the volume and quality of the ____________.

Answers

The measurement of the website’s authority comes down to assessment of the volume and quality of the website's backlinks

Simply put, a backlink refers to series of link from one website which leads to another website.

The number and quality of a website's backlink tells about the quality of the website.

Hence, the measurement of the website’s authority comes down to assessment of the volume and quality of the website's backlinks

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John wants to apply for a loan, with a Present Annuity due value of $3,500,568. 78 from a bank that charges 14. 28 % interest per annum, compounded monthly. If he can only be able to pay back $43,367. 21 per annum at the beginning of each year, When will John fully pay all of his debt to the bank?.

Answers

Based on the present value of the loan and the relevant interest rate, the time it would take to pay off the debt is 21 years.

First convert the interest rate to a monthly rate:

= 14.28% / 12

= 1.19%

To find the number of months it would take, use the NPER function in Excel as shown in the attachment.

The Number of periods is therefore 252 months.

In years this is:

= 252 / 12

= 21 years

In conclusion, it would take 21 years to pay off.

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who is better Nba Youngboy or Kodak Black

Answers

Answer:

if i had to chose kodak

but young dolph and key glock gucci mane and project pat go hard

nba is dog water

Explanation:

I would choose Kodak really

3. Lesley bought 4 bags of pretzels and 2 boxes of granola bars for $13.50. Landon bought 1 bag of pretzels and 5 boxes of granola bars for $17.55. What is the cost for one bag of pretzels? What is the cost for a box of granola bars?

Answers

Answer:

Problem 3: Let x = price of bag of pretzels Let y = price of box of granola bars  

We have Lesley's purchase: 4x+2y=13.50

And Landon's: 1x+5y=17.55

We can use the elimination method. Let's negate Landon's purchase by multiplying by -1. -1x-5y=-17.55

We add this four times to Lesley's purchase to eliminate the x variable.

2y-20y=13.50-70.2

-18y=-56.7

y = $3.15 = Price of box of granola bars

Plug back into Landon's purchase to solve for pretzels.

x+5*3.15=17.55

x+15.75=17.55

x = $1.80 = price of bag of pretzels

 

Problem 4.

Let w = number of wood bats sold

Let m = number of metal bats sold

From sales information we have: w + m = 23

24w+30m=606

Substitution works well here. Solve for w in the first equation, w = 23 - m, and plug this into the second.

24*(23-m)+30m=606

552-24m+30m=606

6m=54

m=9 = number of metal bats sold

Therefore since w = 23-m, w = 23-9 = 14. 14 wooden bats were sold.

Explanation:

Answer:

1=1 2+2=4 so lesley gas many ptretzels ans granola bars =mc square

Explanation:

Jim paid $250,000 for an apartment building with a fair market value of $260,000. At the time of the sale, the building was appraised at $225,000. For income tax purposes, what would be the basis of the apartment building

Answers

The amount of $225,000 will be the would be the basis of the apartment building for income tax purposes.

Basically, the cost basis is the purchase cost which is $225,000.

The fair market value and appraised cost does not have anything to do with tax basis for income tax purposes.

In conclusion, the amount of $225,000 will be the would be the basis of the apartment building for income tax purposes

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6. Which of the following could cause a change in the demand curve?
A. There is a change in price.
B. There is a change in quantity.
C. There is a change in the population consuming the good.
D. None of the above.

Answers

Answer:

I think that there will be change in the population consuming the good because the goods are sold according to population who consumes it.The goods are sold according to the people .If there will be a lot of population consuming the good then the business can grow rapidly . But if there will be less population then people cant sold much goods.

QuickMovers limits the size of the packages it delivers to 75 pounds. This is
an example of what type of requirement?
O A. Internal
O B. Voluntary
O C. Government
O D. External

Answers

Ok sorry if I’m wrong but it would c


(If I’m right) mark as brainliest

Answer:

internal

Explanation:

i took the test

Use the table to answer the question.
Consumption
$2,000
Investment
$1,000
Government Spending $1,000
Imports
$500
Exports
$600
The market value for each type of expenditure is given for a hypothetical country in the table above. Calculate the gross domestic product of this country
(1 point)
o $3,900
O $5,100
O $4,100
o $4,000

Answers

4,100$ is the correct answer for you thanks

HELP LOTS OF POINTS!!
Which information in the accounts payable subsidiary journal is entered after
the amount of credit or debit?
A. The name of the vendor
B. The terms of the sale
C. The balance
D. The date

Answers

Answer:

D

Explanation:

Answer: the balance

Explanation: because

Amaya is a member of a new product design team. The team leader proposed a process that would get quick results, but Amaya was concerned quality would suffer. Due to _______, Amaya did not voice her concern as she did not want to appear unsupportive of the team.

Answers

People often have different suggestions and may or may not agree with each other. Due to groupthink, Amaya did not voice her concern as she did not want to appear unsupportive of the team.

Groupthink is known to be a situation that takes place when a group of individuals arrive at a consensus without critical reasoning or looking into the repercussions or alternatives.

It is often based on a common desire not to anger the balance of a group of people.

It can also be regarded as a psychological phenomenon where individual strive to meet a consensus within a group.

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Which of the following represents an increase in labor productivity within a country? (1 point)
O GDP decreased from 400 billion dollars to 200 billion dollars while total labor hours decreased from 75 million year to 50 million.
O GDP increased from 200 billion dollars to 400 billion while total labor hours increased from 50 million to 100 million.
O GDP increased from 200 billion dollars to 400 billion dollars, while total labor hours increased from 50 million to 75 million.
O GDP decreased from 400 billion dollars to 200 billion dollars, while total labor hours decreased from 100 million to 50 million.

Answers

The option that represents the rise in labor productivity will be C. GDP increased from 200 billion dollars to 400 billion dollars, while total labor hours increased from 50 million to 75 million.

Labor productivity simply means the workforce productivity. It's the real ouput per labor hours. It's the amount of goods that are produced for a given time period.

An increase in labor productivity will be the increase in the GDP from 200 billion dollars to 400 billion dollars, while total labor hours increased from 50 million to 75 million.

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The table below lists the insurance options offered by AA Auto Insurance. Calculate the monthly payment for an insurance plan including the following options: Bodily Injury: $50/100,000 Property Damage: $100,000 Collision: $500 deductible Comprehensive: $100 deductible AA Auto Insurance Type of Insurance Coverage Coverage Limits Annual Premiums Bodily Injury $25/$50,000 $22. 50 $50/100,000 $31. 75 $100/300,000 $40. 25 Property Damage $25,000 $120. 50 $50,000 $144. 75 $100,000 $193. 00 Collision $100 deductible $520. 00 $250 deductible $415. 25 $500 deductible $275. 75 Comprehensive $50 deductible $110. 25 $100 deductible $100. 00 a. $50. 04 b. $50. 90 c. $54. 31 d. $68. 73 Please select the best answer from the choices provided A B C D.

Answers

The selection of the best answer from the choices provided for an insurance premium offered by the AA Auto Insurance is a. $50. 04.

Insurance coverage is a service offered by an insurer (insurance company) to the insured.  If the assured suffers some financial losses., the insurer reinstates the assured to their financial position before the event. For rendering the service, the insurance company collects from the insured some amount, monthly, quarterly, or annual charges called a premium.

Thus, based on the options given, the best insurance premium is a. $50.04.

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if the federal reserve decided to include virtual money like bitcoins in its measure of the money supply, what would be the effect on m1 or m2?

Answers

If the Fed decided that virtual money should be included in money supply, we would see a situation where both M1 and M2 increase/ rise.

M1 is:

The most liquid money instruments Inclusive of cash and close instruments

If virtual money was counted as money, it would increase M1 because virtual money is very liquid as it can easily be converted to cash so it would be counted as M1.

M2 would increase because M1 is part of M2.

In conclusion, both M1 and M2 would increase.

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bounded rationality is an idea in behavioral economics in which individuals are limited in their ability to make decisions. this leads to outcomes that differ from the outcomes predicted by traditional economic theory. which of the following would best describe an individual limited by ""bounded rationality""?

Answers

Bounded rationality simply means an idea that has to do with the fact that people are limited in their ability to make decisions.

You didn't provide the options. Therefore, an overview of the topic will be given. Bounded rationality means the way individuals make decisions that is different from perfect economic rationality.

An example of bounded rationality is when ordering at a restaurant and the customer makes suboptimal decisions because the customer was rushed by the waiter.

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The qualitative characteristic of using the same accounting method each period over time refers to the concept of

Answers

I’m not sure try looking it up

intercropping vegetable farming is beneficial in many ways explain​

Answers

[tex]Reasons \: for \: intercropping \\ include \:  saving \: space \: and \\ resources, \: ensuring \: better \: yields \\ in \: case \: of \: poor \\ returns \: of \: the \: main \\ culture, \: repelling \: pests, \: reducing \\ weeds, \: proving \: nutrients \: for\\ \: the \: neighboring \\ plants, \: among \: others.[/tex]

Rashad doesn't want to spend time organizing his personal financial records. His spouse, Minos, thinks it is worth spending the time to get organized. What should Minos tell Rashad to convince him that organizing personal financial records is beneficial? OA It will be easier to manage daily business activities such as paying bills. OB. People who organize their personal financial records generally do not have to file taxes. OC They cannot lose money on investments as long as they keep good records. OD. Most banks offer a yearly cash bonus if clients have organized financial records.​

Answers

What Minos should tell Rashad to convince him that organizing personal financial records is beneficial is: A It will be easier to manage daily business activities such as paying bills.

To convince her spouse of the importance of organizing personal financial records, Minos should tell Rashad that organization will help him to coordinate his daily business activities better.

He will not be at a loss of the whereabouts of his financial data.

Therefore, option A is right.

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In analyzing the chart, what is the relationship between fees and dollar advanced? What do you think that payday lenders base their fees on?

Answers

Fees are directly related with the dollars advanced. Meaning as the dollars advanced increases, fees also increases and same goes as the dollars advanced decreases, fees also decreases. And therefore, using this same concept, we can say that payday lenders based their fees on the amount of dollar advanced.

According to the given chart, The relationship between the fees and dollar advanced is that Fees are proportional to the amount of money borrowed.

What is fees?

Fees is defined as the amount of money that a person charges with the another person for the use of their services or any item, and the amount is based upon the agreement made between the parties.

As shown in the given graph, the amount of money advanced grows, so do the fees, and as the amount of money advanced grows, so do the fees.

Using the same logic, it can be said that payday lenders charge fees based on the quantity of money borrowed.

Therefore, The relationship between fees and dollars advanced, as seen in the graph, is that fees are proportional to the amount of money borrowed.

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