Your wealthy uncle established a $2,200 bank account for you when you were born. for the first 8 years of your life, the interest rate earned on the account was 6%. since then, rates have been only 4%. now you are 21 years old and ready to cash in. how much is in your account? (do not round intermediate calculations. round your answer to 2 decimal places.)

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

Hello! i️ believe a.) is the correct answer. : )