Mathematics

Mathematics, 18.07.2019 10:20, Kencharlot

In december 1994 a man in ohio decided to deposit all of the 8 million pennies he had been saving for nearly 65 years. (his deposit weighed over 48,000 pounds! ) with a reserve requirement of 5 percent, how did his deposit change the lending capacity of (a) his bank? $ 76,000 (b) the banking system? $

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Mathematics, 23.06.2019 14:20, brianfranklin17

And finally, we have sandra whose age is 30 yrs old. she wants to have ? million dollars when she is 65 yrs old. her employment savings account will make her earn a profit rate of 8% (*) compounded quarterly. her find out how much does she need to deposit at the end of each quarter (every 3 months). and how much would her total deposit out of the future value; i.e out of the 1/2 million dollars? her deposit $140 qrtly, her total deposit = $93,355 her deposit $666.80 qrtly, her total deposit nearly = $93,355 her deposit $666.80 qrtly, her total deposit = $500,000 her deposit $500,000 qrtly, her total deposit = $8%

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Business, 30.08.2019 17:30, fdryktysysmzet3640

In december 1994 a man in ohio decided to deposit all of the 8 million pennies he’d been saving for nearly 65 years. (his deposit weighed over 48,000 pounds! with a reserve requirement of 10 percent, what will be the cumulative change for the banking system in: instructions: enter your responses rounded to the nearest whole number. (a transactions deposits? $ (b total reserves? $ (c lending capacity?

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Business, 11.09.2019 00:30, itsbritt8106

"you plan on saving money for retirement in 30 years (t=30) at which time, you wish to have saved $1,000,000. in order to do this, you plan on depositing $10,000 into the bank for 10 years starting next year (last $10,000 deposit at t=10). and then deposit $x every year after that until your retirement day (last deposit of $x at t=30). if the interest rate is 6% per annum, what is the $x you must deposit? "

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