1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MariettaO [177]
1 year ago
13

Gerd+is+considering+an+account+that+earns+6%+interest+per+annum+compounded+monthly.+what+is+the+annual+percentage+yield+(apy)?

Business
2 answers:
ludmilkaskok [199]1 year ago
8 0

The annual percentage yield (APY) that Gerd will get is:

6.2%

The exact rate of return that an investor receives from an investment after compounding the values on a monthly basis is known as the annual percentage yield.

The nominal interest rate, the number of times the value is compounded annually, and the base of the logarithm are all taken into account by the formula used to calculate the annual percentage return.

After compounding Gerd's interest on a monthly basis, with this formula:

APY= (1 + r/n )n – 1,

The Annual percentage yield gotten is 6.2.

Learn more about annual percentage yield here:

brainly.com/question/11855598

#SPJ4

aleksandr82 [10.1K]1 year ago
4 0

Answer:

The answer is shown in the picture

Explanation:

You might be interested in
What are the tools of macroeconomic policy?
Gnesinka [82]

Answer:

° Fiscal policy

° Monetary policy

° Exchange rate policy

Explanation:

Macro economics policy are tools used by a country's government through their central bank to influence the supply of money, control interest rate in their economy which will lead to economy stability and growth. The tools are explained below. An increase in government spending will make funds available to the household and firms hence increases the volume of money supply in the economy, while a decrease in government spending will also reduce the availability of money to household and firms.

° Fiscal policy . This refers to the use of tax and government expenditure to regulate the supply of money an economy. For instance, government through its central bank uses tax cut to increase the flow of money in an economy. Also, if the government feels that the supply of money in circulation is too much, which could result in inflation, government can increase taxes to be paid by individuals, firms and businesses which in turn will reduce the availability of money.

° Monetary policy. Monetary policy refers to various tools used by the government to control the flow of money in an economy, which includes open market operation, special reserves, interest rate adjustment. For instance, the government through CBN could buy or sell government issued securities which will ultimately affect the supply of money in an economy. Also, there is usually a minimum amount of reserves which must be held by commercial banks, which ultimately affects the supply of money. An increase in reserve ratio reduces the ability of banks to lend money to their customers while and a reduction in the reserve ratio increases their ability to lend to the public hence increases money supply.

° Exchange rate policy. The value of a country's currency in relation to other country's currency is referred to as exchange rate. Exchange rate policy is used to control inflation, preserve the value of domestic currency and also to maintain a favorable external balance of payments of a country.

3 0
3 years ago
Consider the following three stocks. (a) Stock A is expected to provide a dividend of $10 a share forever. (b) Stock B is expect
Archy [21]

Answer:

The stock A is most valuable as the fair value of Stock A is $100 which is more than the fair value of Stock B ( $83.33) and Stock C ($34.28).

Explanation:

to calculate the fair price of the stocks, we will use the DDM or dividend discount model. The DDM bases the value of a stock on the present value of the expected future dividends from the stock.

Let r be the discount rate which is 10%.

a.

The stock is like a perpetuity as it pays a constant dividend after equal intervals of time and for an indefinite period.

The price of this stock can be calculated as,

Price or P0 =  Dividend / r

P0 = 10 / 0.1  = $100

b.

The constant growth model of DDM can be used to calculate the price of this stock as its dividends are growing at a constant rate forever.

P0 = D1 / r - g

Where,

  • D1 is the dividend for the next period
  • r is the cost of equity or discount rate
  • g is the growth rate in dividends

P0 = 5 / (0.1 - 0.04)

P0 = $83.33

c.

The price of this stock can be calculated using the present of dividends.

P0 = 5 / (1+0.1)  +  5 * (1+0.2) / (1+0.1)^2  +  5 * (1+0.2)^2 / (1+0.1)^3  +  

5 * (1+0.2)^3 / (1+0.1)^4  +  5 * (1+0.2)^4 / (1+0.1)^5  +  5 * (1+0.2)^5 / (1+0.1)^6

P0 = $34.28

3 0
4 years ago
Explain how (if at all) each of the following events affects the location of a country’s production possibilities curve
fgiga [73]

Answer:

An increase in the quality of education would increase human capital. This would lead to an outward shift of the production possibilities curve

b. If the number of unemployed workers increases, there would be no change in the labour force. the production possibilities curve would not be affected

c. The new technology is technological advancement. Technological advancement leads to an outward shift of production possibilities curve

d. The earthquake would destroy capital stock and resources needed in the production process. As a result, production possibilities curve would shfit inward

Explanation:

The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.

As more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.

3 0
3 years ago
Match the following terms:1. The mix of accounts/itAsset Structure 2. The mix of all accounts/items on the right hand side of th
Vesnalui [34]

Answer:

Matching terms:

1. The mix of accounts/Asset Structure

D. Asset Structure

2. The mix of all accounts/items on the right hand side of the balance sheet

C. Financial Structure

3. The mix of longer term items on the right side of the balance sheet explicitly used to fund the corporation:

B. Capital Structure

4. The ratio of debt to total assets:

A. Leverage

Explanation:

Options and definitions:

A. Leverage: the amount of debt a firm uses to finance its assets.

B. Capital Structure: the combination of long-term debt and equity.

C. Financial Structure: the mix of all of a company's liabilities and its equities.

D. Asset Structure: the distribution of a firm's asset base in different asset categories, like buildings, plant, and equipment.

8 0
3 years ago
Trid requires that all charges normally paid by a borrower and a seller in connection with a real estate closing be?
bekas [8.4K]

A seller in connection with a real estate closing is itemized in the Closing Disclosure.

<h3>What is TRID?</h3>

The Consumer Financial Protection Bureau (CFPB) has implemented a set of regulations called TRID in an effort to close some of the gaps that dishonest lenders have previously used to deceive customers. The mortgage information that lenders must offer to borrowers and when they must do so are governed by TRID regulations. TRID regulations also set limits on the fees that lenders may impose and how those costs may alter as a mortgage matures.

The program's goal is to assist borrowers in selecting a mortgage lender who will act in their best interests by helping them comprehend their available mortgage options. When they give you a mortgage or give you an estimate, all mortgage lenders must as of 2015 abide by TRID regulations.

Because they cover material that customers should read and comprehend before making an offer on a home and agreeing to monthly loan payments, TRID guidelines are also frequently referred to as "Know Before You Owe" laws.

To know more about TRID visit:- brainly.com/question/28525685

#SPJ4

3 0
2 years ago
Other questions:
  • Dynamo Electronics, a major maker of electronics products in the United Kingdom, is concerned about the continually falling pric
    7·1 answer
  • Discuss the problems associated with Burberry’s licensing arrangement in Japan. What were the benefits of establishing a relatio
    7·1 answer
  • Because​ profit, or the​ "bottom line," is not the measure of success for​ not-for-profit organizations, managers of charitable
    6·1 answer
  • The Phelan Division produces and sells a product to external and internal customers. Per-unit information about its operations i
    7·1 answer
  • Bramble Corp. makes and sells widgets. The company is in the process of preparing its selling and administrative expense budget
    15·1 answer
  • Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,400 of direct materials, $6,966 of di
    8·1 answer
  • 0.83 points eBookPrintReferences Check my work Check My Work button is now enabledItem 2Item 2 0.83 points A company has a fisca
    6·1 answer
  • Bill was in an automobile accident. the events just prior to the accident are still a blur. similarly the surviving bodyguard in
    7·1 answer
  • Suppose that an employee at a coffee shop is willing to work 30 hours per week when she is paid $11.00 per hour. When she is off
    6·1 answer
  • The law of demand (ceteris paribus) says...
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!