1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
What’s an example of Opportunity Costs?
AnnZ [28]
Not being able to do something because of the time and resource and the thing you already did.
5 0
2 years ago
Read 2 more answers
Match the following terms with their definitions. Salary, rewards, net pay, occupation, costs, benefit, deduction1. a fixed amou
Katena32 [7]

Answer:

1. A fixed amount of money periodically paid to a person for work – Salary

2. The price paid to acquire, produce, or accomplish something – costs

3. The portion of the wages that the employee actually gets to take home - net pay

4. Perks provided by your employer – benefit

5. Something that causes or increases personal satisfaction – rewards

6. An amount that is subtracted from your paycheck employee – deduction

7. A person's usual work or business; a way of earning a living - occupation

Explanation:

1. The salary is defined as the amount received by a person for work, this income does not include any extra benefit. to be considered as a salary it has to be paid periodically.

2. The cost is the expense caused for the production of a product, in the case of a service is the cost of offering it. includes direct and indirect labor force cost, amortized costs of the machinery and supplies (for products).

3. The net pay is the salary amount paid to an employee after the deduction of any amount legally recognized, it may include taxes and other items.

4. The benefits are extra gains that an employer may give to workers, different from the salary amount, it may include bonus or specific medical insurance advantages.

5. The rewards are non-usual prizes or recognitions received by people due to a personal or labor goal.

6. The deduction is al legal reduction done by a company in the payment of an employee.

7. The occupation is the activity that a person develops to obtain living resources, it can include personal business or employment.

4 0
3 years ago
How much of the federal government's income comes from individual income tax? (1 point)
Lilit [14]
The right answer for the question that is being asked and shown above is that: "47 percent." the federal government's income comes from individual income tax is that of <span>47 percent. This is the correct answer as far as the federal government's income is concerned.</span>
5 0
3 years ago
Orders for clothing from a particular manufacturer for this year's Christmas shopping season must be placed in February. The cos
antoniya [11.8K]

Based on the concept of expected value, the units that the company should order to meet February demand is <u>57 units.</u>

<h3>What is expected value?</h3>

In mathematics under the probability distribution theory, the expected value is the weighted average of possible values of some random variables.  The weights are based on the theoretical probabilities of the variables.

<h3>Data and Calculations:</h3>

Cost per unit = $20

Selling price per unit = $50

<h3>Projected Demand</h3>

  Demand Units    Probability      Expected Demand Units

1.    50 units             40%                 20 units (50 x 40%)

2.   60 units             50%                 30 units (60 x 50%)

3.   70 units              10%                    7 units (70 x 10%)

Total expected demand units =    57 units

Thus, the expected demand in February is <u>57 units</u>.

Learn more about calculating expected values at brainly.com/question/10675141

8 0
2 years ago
The range of an area where users can access the Internet via high-frequency radio signals transmitting an Internet signal from a
defon

A) hotspot

Bluetooth is for short distance and pan is Personal area networks (PANs) connect an individual's personal devices

6 0
2 years ago
Read 2 more answers
Other questions:
  • Tiffany owns a health club and contracts to buy a set of weights from Dylan for $10,000. Dylan is hurting financially, so he cha
    12·2 answers
  • In the long run, a representative firm in a monopolistically competitive industry will end up multiple choice having an elastici
    14·1 answer
  • Which of the following employees has the largest gross pay? a. Employee A: Total employee benefits $1,500 Total job benefits $49
    10·2 answers
  • Companies HD and LD have the same tax rate, sales, total assets, and basic earning power.Both companies have positive net income
    10·1 answer
  • Anything called money will be
    7·1 answer
  • Marketers must see themselves as benefit providers. For example, when a shopper purchases new shoes, he or she expects the shoes
    9·1 answer
  • 1. Explaining Why does a natural disaster (drought, flood) in an agricultural
    12·1 answer
  • Scenario: Phillip and Joseph are two classmates who represented their college in a quiz competition as a team and won $500. Howe
    12·1 answer
  • Grey, Inc., uses a predetermined rate to apply overhead. At the beginning of the year, Grey budgeted its overhead costs at $220,
    15·1 answer
  • In approximately 200 words, explain how architects benefit from consulting and working in concert with other professionals when
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!