You have just deposited $5,500 into an account that promises to pay you an annual interest rate of 5.4 percent each year for the next 5 years. You will leave the money invested in the account and 15 years from today, you need to have $10,600 in the account. What annual interest rate must you earn over the last 10 years to accomplish this goal?

Anewspaper boy is trying to perfect his business in order to maximize the money he can save for a new car. daily paper sales are normally distributed, with a mean of 100 and standard deviation of 10. he sells papers for $0.50 and pays $0.30 for them. unsold papers are trashed with no salvage value. how many papers should he order each day and what % of the time will he experience a stockout? are there any drawbacks to the order size proposed and how could the boy address such issues?

Overspeculation and a decrease in consumer confidence are both leading factors of: ?

What impact might an economic downturn have on a borrower’s fixed-rate mortgage? a. it might cause a borrower’s payments to go up. b. it might cause a borrower’s payments to go down. c. it has no impact because a fixed-rate mortgage cannot change. d. it has no impact because the economy does not affect interest rates.