If you say $4500 at an interest rate of 13% per year, how much will you have at the end of seven years

First National Bank charges 11.1 percent compounded monthly on its business loans. First United Bank charges 11.3 percent compou

Ronch [10]

Answer:

First National Bank's EAR is 11.68%

First United Bank's EAR is 11.62%

Explanation:

Effective annual rate=(1+APR/m)^m-1

APR is the annual rates given in the question as 11.1% and 11.3%

m is the number of times in the year that compounding is done, for instance, it is 12 for monthly compounding and 2 for semiannual compounding

First National Bank's EAR=(1+11.1%/12)^12-1=11.68%

First United Bank's EAR=(1+11.3%/2)^2-1=11.62%

The EAR for First National Bank is higher

6 0

3 years ago

Are there any benefits for the law being "Vague and Variable"?

Alisiya [41]

Their benefit is to all of society rather than to an individual

8 0

3 years ago

FedEx is the world's leading express-distribution company. In addition to the world's largest fleet of all cargo aircraft, the c

andriy [413]

Answer:

Journal entries

Explanation:

Before passing the journal entries, first we have to determine the book value of truck which is

= Cost of delivery truck - accumulated depreciation

= $56,000 - $41,300

= $14,700

Now the journal entries are as follows

a. Cash Dr $14,700

Accumulate depreciation $41,300

To Delivery truck $56,000

(Being the disposal of the truck is recorded)

b) Cash Dr $16,400

Accumulate depreciation $41,300

To Delivery truck $56,000

To Gain on sale $1,700

(Being the disposal of the truck is recorded)

c) Cash Dr $12,900

Accumulate depreciation $41,300

Loss on sale $1,800

To Delivery truck $56,000

(Being the disposal of the truck is recorded)

4 0

3 years ago

Within the context of the Ricardian model of trade, suppose that the introduction of a vaccine against a virus increases the pro

vitfil [10]

Within the context of the Ricardian model of trade, suppose that the introduction of a vaccine against a virus increases the productivity of workers in the developed world. What would you expect wages to do? fall mainly in the developing countries.

3 0

3 years ago

Bernadette would like to generate intrinsic motivation in her employees because she feels it will ultimately lead to better perf

kherson [118]

Answer:

The correct answer is letter "E": Enjoyment.

Explanation:

Intrinsic motivation represents the internal inspirations individuals have by doing an activity. Those individuals perform those actions typically without expecting anything in return. They do it because of the personal satisfaction doing those activities provide to them.

Thus, if Bernadette would like to promote intrinsic motivation among her employees, she must make sure the activities they perform at work at of their interest and enjoyment.

6 0

3 years ago