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Kipish [7]
1 year ago
14

You deposit $300 in a bank account that earns 4ompound interest annually. what is the value of your $300 in 10 years?

Business
1 answer:
Sunny_sXe [5.5K]1 year ago
5 0

You deposit $300 in a bank account that earns 4% compound interest annually. $444 is the value of your $300 in 10 years.

Compound interest happens whilst interest gets added to the primary amount invested or borrowed, after which the hobby rate applies to the new (large) principal. it's essential interest in the hobby, which over the years ended in the exponential boom.

Compound interest is while you upload the earned hobby lower back into your important stability, which then earns you even extra interest, compounding your returns. shall we say you have got $1,000 in a savings account that earns 5% in annual interest. In 12 months, you would earn $50, giving you a brand new balance of $1,050.

Learn more about Compound interest here: brainly.com/question/2455673

#SPJ4

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When immigration adds to the size of the domestic labor pool, which is likely to occur? minimum wage increases. wages decrease p
Grace [21]

Answer:

wages decrease

Explanation:

Labor is a factor of production and has a price like all other inputs. In the economy, labor is a commodity whose price is determined by the forces of demand and supply.  When there is an oversupply of labor, its equilibrium price will decrease.

The equilibrium price of labor is the prevailing wage rate, where  demand matches supply. When immigration adds to the labor force, it means an additional supply of able and willing workers in the markets. There will be many sellers or workers offering to supply labor services to the existing job openings. As a result, the price of labor will reduce as buyers or employers can lower the wage rate and still get the labor services they require.

8 0
3 years ago
Read 2 more answers
Employees earn vacation pay at the rate of one day per month. During the month of July, 28 employees qualify for one vacation da
Stells [14]

Answer:

$2884

Explanation:

Given that:

  • 28 employees qualify for one vacation day each
  • Average daily wage is $103 per day

So he amount of vacation benefit expense to be recorded for the month of July:

= number of employees * average daily wage

= 28*$103  

= $2884

7 0
3 years ago
Read 2 more answers
Classify this form of business:
Viktor [21]

Answer:

Limited Liability Partnership / Limited Liability Company.

Explanation:

  • Limited Liability Partnership: A limited liability relationship is a company in which certain or all members have defined obligations, based on the law. Consequently, it can show collaboration and organizational features. Each partner in an LLP is not accountable or liable for any wrongdoing or incompetence of another party.
  • Limited Liability Company: A limited liability company is a management structure whose proprietors are not personally responsible for the obligations or responsibilities of the business. Limited liability corporations are hybrid organizations that combine a company's features with that of a partnership or sole business entity.
7 0
3 years ago
A business plan should generally project financial and operational aspects of the proposed business for the first six months. on
djyliett [7]
The right answer for the question that is being asked and shown above is that: "first six months. "<span>A business plan should generally project financial and operational aspects of the proposed business for the first six months.</span>
6 0
3 years ago
I generally bounce back from tough conversations well, but occasionally find it difficult to be resilient. Agree or disagree
Leona [35]

People can be tough sometimes. I generally bounce back from tough conversations well, but occasionally find it difficult to be resilient. I disagree.

<h3>What is Emotional resilience?</h3>

This is known as the ability of a person to recover quickly from any kind of bad news or traumas as a result of  illness or misfortune.

If a person can bounce back from tough conversations, it means they are strong and despite any point or issue thrown at them, they can withstand and be tough in that situation.

learn more about resilient from

brainly.com/question/911437

6 0
2 years ago
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