A college received a contribution to its endowment fund of $2.4million. They can never touch the principal, but they can use the earnings. At an…

15.A college received a contribution to its endowment fund of $2.4million. They can never touch the principal, but they can use the earnings. At an assumed interest rate of 6.5 percent, how much can the college earn to help its operations each year?

A.$ 65,000

B.$130,000

C.$156,000

D.$195,000

E.$369,231

16.Charlotte deposited $1,000 into an account that pays 6.0 percent annually. How much more interest would Charlotte earn in 10 years if she did not withdraw the interest earned at the end of the year compared to the case where Charlotte withdraws the interest at the end of each year?

A.$0

B.$19

C.$100

D.$191

E.more than $191

17.Suppose the price of a Wendy’s Bacon Cheeseburger is $0.99, the same as it was five years ago. Had the price of this sandwich increased at the same 3% annual rate as U.S. consumer prices did over the last fiveyears, what would its price be today?

A.$1.22

B.$1.15

C.$1.12

D.$1.02

E.$0.84

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more