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expeople1 [14]
3 years ago
9

Andy deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Barb also deposited $3,000

this morning at 5 percent interest, compounded annually. Andy will withdraw his interest earnings and spend it as soon as possible. Barb will reinvest her interest earnings into her account. Given this, which one of the following statements is true?Select one: a. Barb will earn compound interest b. Barb will earn more interest the first year than Andy will c. Barb will earn interest on interest d. After five years, Andy will have more money in his account than Barb e. Andy will earn more interest the first year than Barb will
Business
1 answer:
fiasKO [112]3 years ago
3 0

Answer:

Barb will earn interest on interest yes because she don't retire the interest

Explanation:

a. Barb will earn compound interest both will aearn compound interest.

b. Barb will earn more interest the first year than Andy both are compound annualy. The first year both will earn the same amount of interest.

c. Barb will earn interest on interest yes because she don't retire the interest and reinvest it.

Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest of previous periods of a deposit or loan

d. After five years, Andy will have more money in his account than Barb. No because he spend his interest.

e. Andy will earn more interest the first year than Barb both are compound annualy. The first year both will earn the same amount of interest.

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A survey is valid, if it measures what it is designed to measure. And the answer is c. is the correct answer. Hope it helped you!
5 0
3 years ago
Halt company employee material handling employees who move materials between production divisions at a labor cost of $160,000 a
Ivenika [448]

Answer:

The $12,000 is the material handling cost should be assigned to products made in March.

Thus, the correct option is a. $12,000

Explanation:

For computing how much of the material handling cost should be assigned, first we have to calculate the per pound of material. The formula is shown below:

Per pound of material = Labor cost ÷ Number of pounds

                                    = $160,000 ÷ 800,000

                                    = $0.2 per pound of material

Now, multiply this per pound of material with moving pounds.

In mathematically,

Material Handling cost = Per unit of pound × Moving material

                                      = $0.2 × 60,000

                                      =$12,000

Hence, the $12,000 is the material handling cost should be assigned to products made in March.

Thus, the correct option is a. $12,000

4 0
3 years ago
a customer has invested 20000 in a variable annuity. in the first year nav increases to 21100 at what rate wsill 1100 gain be ta
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Answer: 0%

Explanation:

The $20,000 contribution to the variable annuity is not taxed and neither is the gain, at least not yet.

With the variable annuity, the gains/earnings will be tax-deferred and the customer will only have to pay taxes when they withdraw the contributions.

When this happens they will be charged at the normal income tax rate.

7 0
3 years ago
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Answer:

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total investment = $145 per square foot

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total revenue per square foot =                                                      $11

proportional market vacancy and credit loss = $11 x 5% =        ($0.55)

<u>other expenses = $11 x 15% =                                                       ($1.65)  </u>

market net operating profit per square foot =                             $8.80

The project should be carried out since the net operating profit is larger than the investor's required rate of return.

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