You have $55,000 in a savings account that pays 2% interest per year.
the inflation rate that...
Mathematics, 17.10.2019 16:30 cpcoolestkid4
You have $55,000 in a savings account that pays 2% interest per year.
the inflation rate that year is 3.24%.
to calculate simple interest: principal x rate x time = interest
1. how much do you make in interest in a year?
2. how much would you need to have made for your spending power to keep up with inflation in that year?
3. how much buying power did you lose in that year because of inflation?
Answers: 1
Another question on Mathematics
Mathematics, 21.06.2019 12:40
Convert the cartesian equation (x 2 + y 2)2 = 4(x 2 - y 2) to a polar equation. choices: r4 = -4r2 r2 = 4cos2θ r2 = 4sin2θ
Answers: 1
Mathematics, 21.06.2019 21:30
Look at triangle wxy what is the length (in centimeters) of the side wy of the triangle?
Answers: 1
Mathematics, 22.06.2019 00:00
Charlie is at an amusement park that has 18 different rides. each ride costs $1.75. the function c(r) = 1.75r represents the total amount of money that charlie will spend if he goes on r rides, but he never goes on the same one more than once. what domain and range are reasonable for the function?
Answers: 3
Mathematics, 22.06.2019 01:30
What rule describes a dilation with a scale factor of 4 and the center of dilation at the origin?
Answers: 1
You know the right answer?
Questions
Mathematics, 10.10.2019 03:00
Spanish, 10.10.2019 03:00
Mathematics, 10.10.2019 03:00
Mathematics, 10.10.2019 03:00
Social Studies, 10.10.2019 03:00
Mathematics, 10.10.2019 03:00
Mathematics, 10.10.2019 03:00
Mathematics, 10.10.2019 03:00
Mathematics, 10.10.2019 03:00
History, 10.10.2019 03:00
Mathematics, 10.10.2019 03:00
Mathematics, 10.10.2019 03:00
