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mr Goodwill [35]
2 years ago
5

Why is Eagle Bank's 1-year CD the only account

Business
1 answer:
Rudik [331]2 years ago
7 0

Eagle Bank's 1-year CD became the only account guaranteed to return $22 in interest on a $1,000 deposit because a typical CD earns about 1.5% or less instead of 2.2%.

<h3>What is a CD?</h3>

A certificate of deposit (CD) is a special bank savings account that earns interest on a lump-sum deposit for a predetermined period of time without withdrawals until the due period.

CDs are among the lowest-risk investments as they do not lose value if a bank fails based on the Federal Deposit Insurance Corporation (FDIC) insured guarantee.

Thus, Eagle Bank's 1-year CD became the only account guaranteed to return $22 in interest on a $1,000 deposit because a typical CD earns about 1.5% or less instead of 2.2%.

Learn more about Certificate of Deposit at brainly.com/question/1874937

#SPJ1

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Phillis and Trey are married and file a joint tax return. For 2018, they have $4,800 of nonbusiness capital gains, $2,300 of non
nadezda [96]

Answer:

$21,000

Explanation:

NOL, Phillis and Trey's taxable income must be adjusted by:

= Standard deduction - (Interest income + Net non business capital gain)

= $24,000 - [$500 + ($4,800 - $2,300)]

= $24,000 - ($500 + $2,500)

= $24,000 - $3,000

= $21,000

Therefore, the NOL, Phillis and Trey's taxable income must be adjusted by $21,000.

6 0
3 years ago
Suppose you invested $58 in the Ishares Dividend Stock Fund​ (DVY) a month ago. It paid a dividend of $0.65 today and then you s
Dmitry [639]

Answer:

18.36%

Explanation:

Calculation for the return on the​ investment?

Using this formula

Return on investment = Net profit/Cost of Investment

The first step is to find the net profit using this formula

Net profit =( Sales amount +Dividend)-Dividend Stock Fund Investment

Let plug in the formula

Net profit = ($68 + $0.65) - $58 =

Net profit= $68.65-$58

Net profit= $10.65

Now let calculate the return on investment

Using this formula

Return on investment = Net profit/Cost of Investment

Let plug in the formula

Return on investment=$10.65/58

Return on investment= 18.36%

Therefore the return on the investment will be 18.36%

8 0
3 years ago
Describe how each of the following transactions affects the U.S. Current Account (increase or decrease in the Trade Balance, Net
tensa zangetsu [6.8K]

Answer:

The answer to this solution is explained in the explanation section below

Explanation:

Solution

Given that:

  • The Current Account  will decrease or reduce by 120000, net foreign assets decrease.
  • Nothing  changes, he stocks were earlier with an American company too.
  • The Current account increases,  there will be no change in net foreign assets (since the check was drawn on a US bank, it means the Spanish person had already had the money in US only).
  • Nothing changes, the wine was bought, from Italy, already by the restaurant.
  • The Current account decreases by 3500, foreign assets decrease by the same amount.
  • The Current account increases, there is no change in assets since the money was already transferred.

Note: kindly find the complete question to this solution attached below

6 0
4 years ago
An example of contractionary fiscal policy is:
Katyanochek1 [597]

Answer:

The correct answer is option d.

Explanation:

Fiscal policy is a tool to affect economic activities and GDP through changes in government spending and tax revenue. Contractionary fiscal policy is used to reduce economic activities. It is adopted in case of inflationary pressure.  

Contractionary fiscal policy may involve a reduction in government spending which will eventually reduce aggregate demand. Or the government could increase the tax rates. This will cause the disposable income of the consumers to reduce.  

As the purchasing power decreases with the decline in disposable income, consumer spending will get reduced as well. This will further cause the aggregate demand to decline.  

The government can use either of them or both at the same time.

5 0
3 years ago
Identify at least three problems, frustrations, or unmet needs that you have encountered in your life, through work experience o
yulyashka [42]

Explanation:

Problem 1: Unable to score high

During my middle school, I couldn't understand the concept properly, so I started memorizing, remember half and forgot half, so got only 50%.

Later on I understood the fact that I have to imagine and understand when the teacher teaches, and then I reached 90% in my high school.

Problem 2: Missed to make first impression

I starts to understand and progress slowly in my career path. I couldn't identify the reason though I am so skilled.

Finally I analyzed and found that I missed to make "my first impression". So after doing that, the career growth was drastic.

Problem 3: Decision making

Once I dropped my profession due to various reasons, I don't know where to move next. I was stuck.

Later on, I found that, I am good business man and started growing well.

5 0
3 years ago
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