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17.08.2022

If Melanie invests $2500 at a 3% interest rate compounded annually, how much will she have at the end of four years?

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03.03.2023, solved by verified expert

Nitin Arora

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Answer:

At the end of four years, Melanie will have $2,824.78

Step-by-step explanation:

To calculate the amount Melanie will have at the end of four years with annual compounding interest, we can use the formula for compound interest:

A = P (1 + r/n)^(nt)

Where:

A is the total amount after the specified time

P is the principal investment

r is the annual interest rate (as a decimal)

n is the number of times the interest is compounded per year

t is the number of years

In this case, P = $2500, r = 0.03, n = 1 (since the interest is compounded annually), and t = 4.

Plugging these values into the formula, we get:

A = 2500 (1 + 0.03/1)^(1*4) A = 2500 (1.03)^4 A = $2,824.78

Therefore, at the end of four years, Melanie will have $2,824.78

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Fashion Theater 218
Friday November 3rd, 2023
GenZ believes they are the originators of current fashion trends?
Are they correct?

Fashion is constantly evolving, but it's also recycled through the years. Trends come and go, but certain styles always seem to find their way back into popularity. This is especially true when it comes to fashion trends from the past 50 years. GenZ may think they started trends with crop tops, high waisted jeans and leisure athletic wear, but all of these items were popular in past decades and slightly tweaked. We do need to credit GenZ for utilizing some of the fashion trends and making them stand out. Formal short dresses and sneakers (dad sneakers and wedge). There was also a strong emphasis on individual expression, with many people incorporating their own unique style into their outfits.
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Some of the most popular fashion trends from the 1980s have continued to remain fashionable. The 1980s were all about big hair, bright colors, and loud patterns. Popular trends included neon colors, leggings, oversized blazers, and shoulder pads. There was also a growing highlight on fitness fashion, with many people wearing workout clothes outside of the gym. You will see similarities in trends today with fashion work out clothes such as tight yoga pants, cargo workout pants and oversized shirts and sweatshirts that girls wear outside of working out. Shoulder pads were very popular in the 1980s but so far GenZ has not embraced those as much. Mullet hair styles, acid wash jeans, oversized blazers, leather jackets, band jackets were very in style for mens and womens fashion. In the 1980’s, a high waisted jean look was trending but unlike the 1980s which featured more of a tapered leg approach, the 2020 “mom” jean has shown similarities in using a high waisted look but couples it with the boyfriend jean bottom leg look of the 1990s. It could be debated that Gen Z had an original fashion idea with this jean style, but it appears the style is really combining two older trends to pull off this look for our fashion decade. The 1980s was big on sportswear. I think tracksuits / one- piece suits are making a comeback because people loved the movie Mean Girls and still rave about that movie. The look is comfortable yet sexy too. According to the article Exploring Iconic 1980s Fashion Trends: a stylish throwback Nike Air Jordans started becoming big which made sneakers more popular, Jordans are still very popular today too and one of the biggest sneaker companies.
The 1990s were a decade of grunge fashion, minimalism, and sportswear. Popular trends included flannel shirts, ripped jeans, and Doc Martens boots. There was also a growing emphasis on comfort and individuality, with many people dressing in a more casual way. Jean styles varied, but ripped jeans and the boyfriend straight leg look were staple in women’s closets. Gen Z has reused some of the fashion from the 90s which includes overalls, high tops, combat boots and oversize flannel shirts.
The 2000s were a decade of low-rise jeans, and Juicy Couture velour tracksuits with a growing impact on fashion from celebrities. Juicy Couture velour tracksuits have form fitting which is a trend that is popular throughout the last 20 years. However, if you trace the velour tracksuits back to the time of their initial popularity, you will find they started in the 1970's. This shows another fashion trend that has been repeated and lends doubt that GenZ was an originator of this fashion trend.
The 2010s were a decade of athleisure wear, Popular trends included low rise and skinny jeans, jeggings, North Face fur jackets, crocs, Uggs and “dad” sneakers. GenZ was an initiator in wearing these fashions. Athletic gear like sports leggings, bike shorts and tight fitting tops made brands like Lulemon an overnight success. Nike, Adidas, Under Armour all battle the market for the youth and athletic gear that are worn daily. Towards the end of the decade, there has been a growing emphasis on sustainability and ethical fashion, with many people choosing to buy clothes from brands that are committed to environmental and social responsibility. GenZ should be credited with this movement.
The 2020s have seen a continuation of many of the fashion trends that were popular in the last 50 years. Popular styles today include oversized silhouettes, bold colors, statement accessories, bomb jackets and gender-neutral clothing. It’s now trendy to shop thrift and consignment stores in an effort to promote sustainability and find original and individual pieces for your wardrobe. Many people are now choosing to buy clothes from brands that are committed to environmental and social responsibility with manufacturing of clothes. Another fashion trend of the 2020s that GenZ can be noted for is inclusivity with fashion. More and more brands are offering a wider range of sizes and styles to meet the needs of all body types. This is a positive development, as it makes fashion more accessible to everyone. Although GenZ may not be the originators of many popular fashion styles, I believe they have re-invented and blended many looks, bringing back some nostalgic trends that all generations recognize and appreciate.

Works Cited
Fashion: The Definitive Visual Guide. DK, 2023.
Industries, Written by440. “Exploring Iconic 1980s Fashion Trends: A Stylish Throwback.” 440 Industries - Training For Creative Rockstars, 18 Oct. 2023, 440industries.com/1980s-fashion-trends/#:~:text=Power%20Dressing%20and%20Bold%20Statements%3A%20The%20Exuberant%201980s,%2780s%2C%20and%20oversized%20jackets%20were%20no%20exception.%20.
McKee, Taylah. “70’s Fashion: The Best Looks from the 1970’s.” The Trend Spotter, 22 Apr. 2023, www.thetrendspotter.net/70s-fashion-trend/. Accessed 04 Nov. 2023.

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