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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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Select the two statements about owners of equity in a business that are TRUE.
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Answer:1. and 3.

Explanation:

8 0
2 years ago
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A real estate agent is considering changing her land line phone plan. There are three plans to choose from, all of which involve
BlackZzzverrR [31]

Answer:

a. Determine the total charge under each plan for this case: 120 minutes of day calls and 40 minutes of evening calls in a month.

  • Cost for Plan A = ($0.41 x 120) + ($0.16 x 40) + $20 = $ 75.60
  • Cost for Plan B = ($0.51 x 120) + ($0.15 x 40) + $20 = $ 87.20
  • Cost for Plan C = $80 + $20 = $100

b. If the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal?

  • If the agent will use the service only for daytime calls, Plan A is better if the agent uses 195 minutes maximum. If the agent expects to use 196 or more minutes, then Plan C is better.

c. Suppose that the agent expects both daytime and evening calls. At what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans A and B?

  • Plan A charges 10¢ less per daytime minute, while plan B charges 1¢ less for evening minutes, that means that the proportion of daytime calls should be 1/11, while the proportion of evening calls should be 10/11.

7 0
3 years ago
Calculate percent change if the original value of your stock was $25 and the new value of your stock $30
crimeas [40]

Answer:

Percentage Change | Increase and Decrease

First: work out the difference (increase) between the two numbers you are comparing.

Increase = New Number - Original Number.

Then: divide the increase by the original number and multiply the answer by 100.

% increase = Increase ÷ Original Number × 100.

Explanation:

thats how you find out how to calculate percentage change in value

hope it helps

6 0
2 years ago
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Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,350, $1,550, $1,550, a
igor_vitrenko [27]

Answer:

The present value of cash flows is $ 5,292.13  

Explanation:

The present value is today's equivalence of the company's future cash flow discounted using the 7% interest rate as a discount rate.

Formula for pv of a cash flow=cash flow/(1+r)^n

r is the 7% interest rate

n is the relevant year each cash flow relates to

PV=$1,350/(1+7%)^1+$1550/(1+7%)^2+$1550/(1+7%)^3+$1850/(1+7%)^4=

$ 5,292.13  

6 0
3 years ago
Mr. and Mrs. Jones sold their principal residence for $750,000. They had lived in their residence for 20 years, and it had an ad
IceJOKER [234]

Answer:

D) $40,000

Explanation:

The Joneses qualify for a Section 121 exemption since they lived at their house for 20 years. They are exempted from paying capital gains taxes on the first $500,000 ($250,000 if single) in realized gains from selling their home.

Joneses taxable gain = $750,000 (sales price) - $210,000 (basis) - $500,000 (section 121) = $40,000

They will have to recognize only $40,000 in gains.

7 0
3 years ago
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