If the reserve ratio is 5 percent, banks do not hold excess reserves, and people do not hold surrency, then when the Fed sells \( \$ 20 \) million worth of government bonds, bank reserves decrease by \( \$ 20 \) million and the money supply eventually decreases by \( \$ 100 \) million. increase by \( \$ 20 \) million and the money supply eventually increases by \( \$ 400 \) million. increase by \( \$ 20 \) million and the money supply eventually increases by \( \$ 100 \) million. decrease by \( \$ 20 \) million and the money supply eventually decreases by \( \$ 400 \) million.

Use the compound interest formulas \( A=P\left(1+\frac{r}{n}\right)^{n t} \) and \( A=P e^{r t} \) to solve the problem given. Round answers to the nearest cent. Find the accumulated value of an investment of \( \$ 15,000 \) for 4 years at an interest rate of \( 4 \% \) if the money is a. compounded semiannually; b. compounded quarterly; compounded monthly; \( d \). compounded continuously. a. What is the accumulated value if the money is compounded semiannually? \( \$ \square \) (Round your answer to the nearest cent. Do not include the \( \$ \) symbol in your answer.) b.What is the accumulated value if the money is compounded quarterly? \( \$ \square \) Round your answer to the nearest cent. Do not include the \( \$ \) symbol in your answer.) (R. What is the accumulated value if the money is compounded monthly? \( \$ \square \)

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What is one potential disadvantage of using credit for making purchases? purchase items now and pay later possibility of overspending if you do not keep good records higher costs with interest and credit card fees all of the above

Use your calculator to find the following to two decimal places. a) \( 13200\left(1+\frac{0.05}{4}\right)^{4.30}= \) b) \( 19900 e^{0.02 \cdot 27}=34148.54 \) Question Help: