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rusak2 [61]
1 year ago
10

You place $4,000.00 in a bank account with an interest rate of 5.25% APR and another $2,000.00 in an account with an interest ra

te of 6.00% APR. After 6 months, which account will have earned the most interest
Business
1 answer:
RUDIKE [14]1 year ago
5 0

The $4000 with an APR of 5.25%.

<h3>What is APR?</h3>

The term annual percentage rate of charge, sometimes referred to as a nominal APR and sometimes referred to as an effective APR, refers to the interest rate for the entire year, rather than just a monthly fee/rate, as applied to a loan, mortgage loan, credit card, and so on. It is a finance charge calculated on an annual basis.

A good credit card APR is 14% or less. That's lower than the average credit card APR and comparable to the rates charged by credit cards for people with excellent credit, which typically have the lowest regular APRs. A great credit card APR, on the other hand, is 0%.

To know more about  APR follow the link:

brainly.com/question/24703884

#SPJ4

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Which of the following items may be a good consideration in selecting a bank? I. The bank sends a representative to the local ma
wolverine [178]

The good consideration while selecting a bank includes:

  • number of near ATMs or bank branches.
  • knowledge of personal usage habits and needs.

<h3>What is meant by good consideration?</h3>

The consideration here means the act of assessing the favorable condition over unfavorable condition while trying to select a bank.

So, the good consideration while selecting a bank includes number of near ATMs or bank branches and knowledge of personal usage habits and needs.

Therefore, the Option B is correct.

Read more about Bank consideration

<em>brainly.com/question/13834098</em>

3 0
2 years ago
Competition among more shoe sellers will _____ the price of shoes. increase decrease not change
storchak [24]
Decrease is correct answer.
8 0
3 years ago
Read 2 more answers
A note to the financial statements of the First Security Bank indicates that the company self insures itself for the first $500,
trapecia [35]

Answer:

A standard unmodified opinion.

Explanation:

When a note to the financial statements of the First Security Bank indicates that the company self insures itself for the first $500,000 of liability to employees, with liability insurance for the remainder. Based upon this, one would expect the auditors' report to express a standard unmodified opinion.

A standard unmodified opinion is an opinion where financial statements are presented free of any misinterpretation, in all material respects, in accordance with standards known as Generally Accepted Accounting Principles (GAAP) to provide a high level of assurance.

The standard unmodified opinion comprises of report title, audit report address, introduction paragraph, managements responsibility, auditor's responsibility, opinion paragraph, audit report date and signature and address of certified public accountant firm.

5 0
3 years ago
Read 2 more answers
By lowering production costs, _____ help domestic producers compete against foreign imports. subsidies duties quotas tariffs
MrRa [10]
By dropping production costs, subsidies aid domestic manufacturers strive in contrast to foreign imports and attainment export markets. Subsidies proceeds many forms as well as cash grants, low interest loans, tax breaks and government equity contribution in domestic companies. Government subsidies should be paid for or usually by taxing people and businesses. The biggest protectors of the agricultural subsidies are the industrialized nations of the world and the consequence of subsidies is subsidies protect inefficient domestic producers. Conferring to the strategic trade policy, subsidies can assist a company to attain a first mover benefit in an developing industry. Non-tariff obstructions which comprise of subsidies, quotas, voluntary export restraints and anti dumping duties. 

4 0
3 years ago
Last year, Forest Products issued both 5-year and 10-year bonds at par. The bonds each have a coupon rate of 5.5 percent, paid s
Anna007 [38]

Answer:

Price at issuance is $1,000 for both bonds.

Price of the 5 year bond after the market rate increased to 7.4% is:

PV of face value = $1,000 / (1 + 3.7%)⁸ = $747.77

PV of coupon payments = $27.50 x 6.81694 (PV annuity factor, 3.7%, 8 periods) = $187.47

Market price = $935.24

this bond's price decreased by 64.76/1,000 = 0.06476 = 6.48%

Price of the 10 year bond after the market rate increased to 7.4% is:

PV of face value = $1,000 / (1 + 3.7%)¹⁸ = $519.97

PV of coupon payments = $27.50 x 12.97365 (PV annuity factor, 3.7%, 18 periods) = $356.78

Market price = $876.75

this bond's price decreased by 123.25/1,000 = 0.12325 = 12.33%

5 0
3 years ago
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