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MariettaO [177]
9 months 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]9 months 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]9 months ago
4 0

Answer:

The answer is shown in the picture

Explanation:

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"______ accounting uses adjusting entries to reflect economic reality even when there is _______ involved in the transaction. Th
vodomira [7]

Answer:

<u><em>accrual; no cash payment; do not</em></u>

<u><em>Explanation:</em></u>

Indeed, accrual accounting uses adjusting entries to reflect economic reality, that is, it tells the actual financial position of the company such that even when there is no cash payment involved in the transaction.

Thus, profits may not necessarily equal cash over a period.

7 0
3 years ago
Wassamatta University is considering resigning its minimum qualifications for professors from possessing a master's degree to po
bulgar [2K]

Answer:

c. shift the supply curve of professors to the left ceteris paribus

Explanation:

Labour Supply curve shows the labour hours,  employees or workers are willing & able to supply, at given wage rates during a period of time.

The curve is upward sloping due to positive relationship between wage rates & labour. As more labour is supplied at higher wage rate, less labour is supplied at lower wage rates.

Change in any other factor other than wages, changes (shifts) the supply curve. Factor increasing labour supply shifts the supply curve rightwards. Factor decreasing labour supply shifts the supply curve leftwards.

The case given : as increase in the minimum qualifying eligibility for the job, decreases the number of people who are 'able' to supply labour as per the criteria. So, it decreases labour supply & shifts the curve leftwards.

8 0
3 years ago
The NOI is $1,000,000, the debt service is $800,000 of which $700,000 is interest, the depreciation expense is $250,000. What is
Alborosie

Answer:

$200,000

Explanation:

We can define before tax cash flow (BTCF) as the amount of money gotten by an investment after receiving all of the revenues and payment of all bills, but without removing any other noncash items or depreciation, and before any calculation of income tax consequences is been done.

To calculate the Before-tax cash flow if there are no capital improvement expenditures or reversion items this period, simply calculate it by doing this

= PBTCF – DS

= $1,000,000 - $800,000

= $2,00,000.

5 0
2 years ago
The median annual household income in a certain community of 21 households is $50,000. If the mean income of a household increas
Ostrovityanka [42]

Answer:

answer is  Cannot be determined

Explanation:

given data

household income  = $50,000

increases =  10% per year

time = 2 year

solution

as we know that here mean is increase by 10 percentage

but from the mean  percentage increase in does not meaning that it will increase median also with same percentage

because median also increase by some percentage if data is move up

but we can not say it will move with same percentage

so here answer is  Cannot be determined from given data

5 0
3 years ago
Which is not one of the five basic elements of aâ paragraph?
Oduvanchick [21]
The Five Basic Elements of a Paragraph:

1. Unity

2. Development 

3. Audience 

4. Organization

5. Topic Sentence

Answer: A. Spelling

hope this helps!

3 0
3 years ago
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