4) You invest $75,000 into an account and withdraw all funds from the account when it reaches $125,000. For full years that funds are in the account, the fund earns an effective annual compound interest rate of 3%, while for fractions of years that the funds are in the account, the fund earns an annual simple interest rate of 4%. Find how long it takes for the funds to be withdrawn.

4) You invest $75,000 into an account and withdraw all funds from the account when it reaches $125,000. For full years that funds are in the account, the fund earns an effective annual compound interest rate of 3%, while for fractions of years that the funds are in the account, the fund earns an annual simple interest rate of 4%. Find how long it takes for the funds to be withdrawn.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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At a price of $14, country 1 will (a) offer for export 9 units of this product. (b) seek to import 9 units of this product. (c) choose not to trade. (d) increase supply. (e) offer for export 18 units of this product
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B. The late Anne Collins had 3 children, Mary, John and Hana who unfortunately all predeceased Anne leaving several Anne's grandchildren and great grandchildren. Unfortunately, Anne died intestate without a will or trust. She is survived by: Mary's daughters Emma and Joan John's son Patrick who has 2 children Joe and Frank; Frank has 1 child Eddy. Hana's daughter Elizabeth is also deceased leaving 2 children Jim and Eva. (i) Please fill in the table taking into consideration that Anne died without a will/trust and therefore the distribution shall be according to the CA intestacy laws (Modified Per Stirpes PC 240). Each Emma and Joan Mary's spouse Each of Patrick's 2 children Joe and Frank Each of Elizabeth's 2 children Jim and Eva Patrick's grandchild Eddy Patrick MPS Ø
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