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Degger [83]
2 years ago
7

Suppose that your bank pays you a 12% annual interest rate, compounded continuously, on your investments. If you deposit $250 to

day, how much money will you have in exactly six years
Business
1 answer:
tatiyna2 years ago
5 0

The total money in six years will be $265.

<h3> How much is the interest rate for 12% compounded monthly?</h3>

"12% interest compounded monthly" means that the interest rate is 12% per year (not 12% per month), compounded monthly.

Thus, the interest rate is 1% (12% / 12) per month. "1% interest per month compounded monthly" is unambiguous.

<h3>How do you calculate compounded interest annually?</h3>

Compound interest is calculated by multiplying the initial principal amount by one plus the annual interest rate raised to the number of compound periods minus one.

The total initial amount of the loan is then subtracted from the resulting value. Katie Kerpel {Copyright} Investopedia, 2019.

Learn more about compound interest here:

<h3>brainly.com/question/3353921</h3><h3 /><h3>#SPJ4</h3>

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What strategy did president roosevelt use to restore america's confidence in government and the private banking system?
Klio2033 [76]

The strategy used by president Roosevelt to restore America's confidence in government and the private banking system was that, he reassured fireside talks on the radio.

Roosevelt fought to expand the role of the federal government in the nation's economy, and also embraced Keynesian economic policies. He also implemented a series of projects and programs called the New Deal to stabilize the economy.

Roosevelt called his radio talks about issues of public concern as fireside talks. These talks made Americans feel as if President Roosevelt was talking directly to them. He continued to use fireside talks throughout his presidency to address the fears and concerns of the Americans

Hence, these talks gave confidence to the American people to overcome their fears.

To learn more about Roosevelt here:

brainly.com/question/1000563

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5 0
2 years ago
has a target debt−equity ratio of .50. Its cost of equity is 15 percent, and its cost of debt is 6 percent. If the tax rate is 3
sladkih [1.3K]

Answer:

11.35%

Explanation:

The calculation of WACC is shown below:-

WACC = Cost of equity × (equity ÷ (Debt + Equity)) +  cost of debt × (debt ÷ (Debt + Equity)) × (1 - tax rate)

= 0.15 × (1 ÷ 1.50) + 0.06 × (0.50 ÷ 1.50) × (1 - 0.34)

= 0.15 × 0.67 + 0.06 × 0.33 × 0.66

= 0.1005 + 0.013068

= 11.35%

Therefore for computing the WACC we simply applied the above formula.

3 0
3 years ago
Which of the following steps in a measuring system involves implementing an effective recognition system?Develop and improve pro
seraphim [82]

Answer:

All results should have a well-defined and habitual interference plan.

3 0
3 years ago
taggart inc. is considering a project that has the following cash flow data. what is the project's payback?
Kipish [7]

The project that taggart inc. is thinking about has the following cash flow information. the project's return on investment 1.30 years

The Scottish detective drama Taggart, which STV Studios produced for the ITV network, was the brainchild of Glenn Chandler. Numerous the episodes were written by Chandler as well. The miniseries "Killer" was first broadcast from September 6 to September 20, 1983, before being picked up for a full season that ran from 2 July 1985 to 7 November 2010. However, other locales in Greater Glasgow and other regions of Scotland were occasionally utilised. The detectives at the Strathclyde Police's Maryhill CID served as the center of the early storylines. The team worked in the fictitious John Street police station. Jim Taggart's on-screen counterpart, Mark McManus, died in 1994. But the same-named series continued indefinitely.

Learn more about Taggart here

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4 0
2 years ago
Oriole Company retires its delivery equipment, which cost $53,990. Accumulated depreciation is also $53,990 on this delivery equ
Aleksandr [31]

Answer:

Please see the answer below:

Explanation:

(a)

Debit: Accumulated Depreciation     $53,990

Credit: Delivery Equipment                              $53,990

To record disposal of delivery equipment.

(b)

Debit: Accumulated Depreciation      $37,080

Debit: Loss                                             $16,910

Credit: Delivery Equipment                               $53,990

To record Loss on disposal of Delivery Equipment.

3 0
3 years ago
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