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 226 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
Gracias!

jamesnevil303

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Annual Federal Deficit (or Surplus), 1992–2016 Annual Federal Deficit (or Surplus), 1992–2016
How to find the anti-derivative of a function (Part 2) How to find the anti-derivative of a function (Part 2)
How to find the average value of a function How to find the average value of a function
Equivalent Trig Expressions Equivalent Trig Expressions
To find derivative us the chain rule To find derivative us the chain rule
Find the magnitude and the direction of the resultant vector of the vectors below. Find the magnitude and the direction of the resultant vector of the vectors below.
Video: Cellular defenses (natural killer cells, phagocyte types & process of phagocytosis)

For a complete list of videos, visit our video library