Future Value is $7,327.20
<h3>What is compound interest ?</h3>
Compound interest is the interest on deposits that is computed using both the original principal and the interest accrued over time.
It is thought that the concept of "interest on interest" or compound interest first appeared in Italy in the 17th century. Compared to simple interest, which is just charged on the principal amount, it will cause a sum to grow more quickly.
Money grows more quickly when it is compounded, and compound interest increases as the number of compounding periods increases.
CI formula : A = P(1 + r/n)^nt
where,
P = principal balance,
r = interest rate,
n = number of times interest is compounded per time period and
t = number of time periods.
To solve this question :
A = P(1 + r/n)^nt
= 6,000 (1 + 0.02/12) 120
= USD 7,327.20
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The player in the economy which supplies labor in the factor market is the households.
<h3>What is supply of labor?</h3>
This refers to the number of labor who are willing and able to find work in an economy. The supply for labor is also the hours worked by a workers within a time period.
Hence, the player in the economy supplies labor in the factor market is the households.
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Money. I'm doing the same subject right now. Feel free to message me if you have any questions.
Answer:
The answer is: 2.98%
Explanation:
The dividend yield for the stock during the purchase year can be calculated using the following formula:
- dividend yield year A = dividend year A / stock price year A
In this case year A is the purchase year.
Dividend yield = $1.55 / $52 = 0.0298 or 2.98%
Answer:
Grading
Explanation: Grading is the process of separating products based on their level of similarity,as the packer tries to separate and label the meat with little or no fat as ''AA'' and another with more fat as ''AB''. This is to ensure easy accountability an to help the consumer in making choice.
Grading system helps for easy tracking of the stock level of different food products available in the grocery store.
