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Anon25 [30]
2 years ago
6

Emma deposited $500 in a savings account at her bank. Her account will earn an annual simple interest rate of 9%. If she makes n

o additional deposits or withdrawals, how much money will she have in her account in 11 years
Business
1 answer:
saveliy_v [14]2 years ago
7 0

$995.00 she will have in her account in 11 years

Future Value = Present Value + Present Value * Interest Rate * Time Period

Future Value = $500 + $500 * 0.09 * 11

Future Value = $995.00

Simple interest is a quick and easy way to calculate interest on a loan. Simple interest is calculated by multiplying the daily interest rate by the principal and multiplying by the number of days elapsed between payments.

Simple Interest (SI) is a method of calculating the amount of interest on a particular principal at a particular interest rate. For example, when a person takes out an Rs loan. At a rate of 5000, 10 p.a. for 2 years, the interest for a person for 2 years is SI. To the borrowed money.

Learn more about simple interest here:brainly.com/question/25793394

#SPJ4

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Your family is expanding in number, and so you decide to sell your current home and upgrade to a larger home. You estimate that
castortr0y [4]

Answer:

The Estimated Monthly Mortgage Payment

=    $2,810.81

Explanation:

Data and Calculations:

House price = $475,000

Down payment = $100,000

Percentage of down payment = 21.05% ($100,000/$475,000 * 100)

Finance period = 15 years = 180 months (15 * 12)

Nominal annual interest compounded monthly = 4%

The estimated monthly mortgage payment using an online finance calculator:

Monthly Pay:   $2,810.81

House Price $475,000.00

Loan Amount $380,000.00

Down Payment $95,000.00

Total of 180 Mortgage Payments $505,946.54

Total Interest $125,946.54

Mortgage Payoff Date Jan. 2036

6 0
3 years ago
A(n) ________ report is a general report of the applicant's finances, character, morals, work, hobbies, and other habits.
VashaNatasha [74]

The correct answer is the inspection report. It is because the inspection report covers of the information regarding about the applicant in terms of their character, the people associated with them and as well as the hobbies or anything related that could be based on their work.

6 0
3 years ago
Caveman Clubs Inc. tested a new graphite golf club that they have developed, Model X-5. They did a series of experiments with go
Ostrovityanka [42]

Answer:

The Answer is B. Quantitative data

Explanation:

The testing on the golf club, determined a improvement in the driving distance and this was measured numerically and showed in form of a percentage in comparison with average measurements.

When the information is presented with numerical data support, we can say its a quantitative data, because it tells us "how much?".

When the information is presented just with adjetives, telling us about the performance its a qualitative data, because it tell us "how things happened?"

A control variable is the data that is going to modified in order to see changes is the independent variable. In this case, the control variable  could be the weight of the club (assumption), and the independent variable the driving distance data(not percentage).

4 0
3 years ago
360-degree feedback Select one: a. is designed to provide feedback for promotion or pay decisions. b. is designed to deal with a
Aneli [31]

Answer:   Option C  

           

Explanation: In simple words, 360-degree feedback refers to the feedback process in which an employee receives feedback from not just its superiors but from his or her peers, subordinates and customers also. Even sometimes self evaluation is also taken into consideration.

Such process provides a clear picture of how an employee perceives themselves and what is their image in the eyes of other related parties. These processes helps an individual employee to understand their strength and weaknesses and it also provides insight for their personal development.

7 0
2 years ago
Suppose that the average growth rate of the economy has been 3​%. Given a forecast of 2​% growth this​ year, if rational expecta
Rudik [331]

Answer and Explanation:

Forecast error is a difference between Estimated data and real data, here Estimated data is referred to as forecast data.

According to rational expectations principles, expected forecast error's average always near to be zero.

Expected forecast error may be forecast or predict in future.

So, Expected forecast error will be zero (0%)

4 0
3 years ago
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