How much was your original deposit

Assignment Help Business Economics

Reference no: EM131424676

You have $15, 345.36 in your savings account that has been paying at 6% compounded continuously. If you opened the account 10 years ago and made no deposits during any other years, how much was your original deposit?

Reference no: EM131424676

Questions Cloud

Change in demand and change in quantity demanded : The distinction between a change in demand and a change in quantity demanded is best made by saying that:

Countries as predicted by the heckscher-ohlin theory : Television production requires 100 hours of labor and 20 acres of land. Rice, on the other hand, requires 2 hour of labor and 4 acres of land for every pound of rice produced. What is the pattern of trade between these countries as predicted by the H..

Purchase of condominium to use as rental property : You are considering the purchase of a condominium to use as a rental property. You estimate that you can rent the condominium for $1200 per month, and the taxes, insurance, and maintenance costs will run about $200 per month. If interest rates are 6%..

Write the IR constraint for the consumers with low demand : In this problem, you will be asked to derive the block-pricing scheme that maximizes profit in the case of 2nd-degree price discrimination when a monopolist faces a consumer with high demand PH = 80 − QH, a consumer with low demand PL = 50 − QL, and ..

How much was your original deposit : You have $15, 345.36 in your savings account that has been paying at 6% compounded continuously. If you opened the account 10 years ago and made no deposits during any other years, how much was your original deposit?

Derive the monopolists two-part pricing scheme : Suppose that the monthly demand for AIDS treatment is Pn = 100 − Qn in North America and Ps = 60 − Qs in Sub-Saharan Africa due to lower income. The marginal and average variable cost of producing a month’s treatment is $20. Derive the monopolist’s t..

The traveler opportunity cost of time spent in transit : It takes 1 hour to travel from New York to Washington D.C. by air and 8 hours by bus. The airfare is $190 and the busfare is $35. If a traveler wishes to minimize the total cost of making this trip, which mode of transportation should be selected if ..

Models are generalizations that rest on assumptions : Economists use economic models to guide their thinking in regards explaining and predicting that which is otherwise unknown. These models are generalizations that rest on assumptions we use in creating a simplified setting, where only that which is m..

Pairs of items will have a negative cross-price elasticity : If 800 units are sold at a price of $120 and 240 units are sold at a price of $180, what is the absolute value of the price elasticity of demand? Use the midpoint formula. Which of the following pairs of items will have a negative cross-price elastic..

User Account

All Pages