This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Find the salary in 2005 dollars that would be equivalent to a $50,000 salary in 2016. Assume an ... (Read 88 times)

Mr3Hunna

  • Hero Member
  • *****
  • Posts: 536
on: May 5, 2020

Question 1

Suppose you deposited $5000 on January 1, 2014, in a savings account paying 5% annual interest, with interest credited to the account on December 31 of each year. On January 1, 2016, the annual interest rate changes to 4.25%. What will be the balance in your account on January 1, 2030?
◦ none of these
◦ $9903.42
◦ $9469.73
◦ $8713.35
◦ $9872.19

Question 2

Find the salary in 2005 dollars that would be equivalent to a $50,000 salary in 2016. Assume an average annual inflation rate of 2% between 2005 and 2016. Round your answer to the nearest cent.
◦ $42,025.50
◦ $38,107.24
◦ $39,568.35
◦ $40,213.15
◦ $41,017.41
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Mr3Hunna on May 5, 2020

meltdown117

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: May 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly


Mr3Hunna

  • Member
  • Posts: 536
Reply 2 on: May 5, 2020
Wow, this really help

shewald78

  • Member
  • Posts: 340
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

How to find the quartiles and percentiles for a data set How to find the quartiles and percentiles for a data set
How to find an unknown angle using reciprocal trigonometric functions How to find an unknown angle using reciprocal trigonometric functions
How to find when Celsius and Fahrenheit are the same temperature How to find when Celsius and Fahrenheit are the same temperature
Find derivative using quotient rule Find derivative using quotient rule
Calculus help: Find the absolute minimum and absolute maximum f(x) = (x2 —1) on [-1.2] Calculus help: Find the absolute minimum and absolute maximum f(x) = (x2 —1) on [-1.2]
Video: Pericarditis

For a complete list of videos, visit our video library