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torisob [31]
1 year ago
6

Meg invested $16,000 in a savings account. if the annual interest rate is 6%, how much will be in the account in 5 years for qua

rterly compounding? round your answer to two decimal places.
Business
1 answer:
Yakvenalex [24]1 year ago
6 0

Meg invested $16,000 in a savings account. if the annual interest rate is 6%. In 5 years for quarterly compounding is $ 21,549.68.

<h3>What is interest rate?</h3>
  • The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate (called the principal sum).
  • The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.
  • The interest rate over a year is known as the annual interest rate.
  • Other interest rates are applicable over shorter time frames, such a day or a month, but they are typically annualized.
<h3>What is saving account?</h3>
  • An account in a retail bank is a savings account.
  • Common characteristics include having a finite number of withdrawals allowed, not having check or connected debit card facilities, having few transfer choices, and not being able to become overdrawn.
  • Savings account transactions were typically recorded in a passbook in the past, hence the term "passbook savings accounts," and bank statements were not typically supplied.
  • Nowadays, same transactions are typically recorded electronically and are available online.

Learn more about interest rate here:

brainly.com/question/13324776

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Laurel, the manager of a software company, assumes that the male employees in her organization are more creative and innovative
ehidna [41]

Answer:

<em>Stereotyping</em>

Explanation:

Stereotyping means making an assumption, which might not be true about an individual or a group of people by another person or group. Stereotyping occurs when the individual fails to do in-depth research about the person he/she is making assumptions about. Stereotyping can be neutral positive or negative.

<em>Laurel is just making assumptions about her male employees been more creative than their female counterpart creativity. Laurel doesn't have fact to back this up, therefore laurel is stereotyping female employees in her organization.</em>

5 0
3 years ago
Appalachian Ski Shop signs a three-month note payable to help finance increases in inventory for the winter ski season. The note
kolezko [41]

Answer:

Interest Expense 696 Interest Payable 696

Explanation:

Based on the information given the appropiate adjusting journal entry to be made on December 31, 2022 for the interest expense accrued to that date, If we assumed that no journal entries have been made previously to accrue interest is:

December 31, 2022

Dr Interest Expense $696

Cr Interest Payable $696

($34800*8%*3/12)

(To record interest expense accrued)

3 0
3 years ago
The price of gold is currently $1,200 per ounce. The forward price for delivery in one year is $1,400. An arbitrageur can borrow
max2010maxim [7]

Answer:

I Dont know

Explanation:

sorrrrrrry I will try next time

4 0
3 years ago
On January 1, 2017, Waterway Co. enters into a contract to sell a customer a wiring base and shelving unit that sits on the base
nikklg [1K]

Answer and Explanation:

The journal entries are as follows;

a. On Jan 1

No journal entry is required

b. On Feb 5

Contra asset Dr $1,320

        To Sales revenue $1,320

(being sales revenue is recorded)

Cost of goods sold Dr $670

            To Inventory $670

(being cost of goods sold is recorded)

c. On Feb 25

Cash $3,300

Contra asset Dr $1,320

        To Sales revenue $1,980

(being sales revenue is recorded)

Cost of goods sold Dr $300

            To Inventory $300

(being cost of goods sold is recorded)

5 0
3 years ago
Kellyn needs to move Slide 8 of his presentation up so that it becomes Slide 6. What best describes how he can do this using the
777dan777 [17]

Answer:

The answer is "Option C".

Explanation:

In the given question, the numbering of the choices is missing, which is defined in the attached file please find it.

The slide Thumbnail implies its word used during PowerPoint presentations that denote the slide's tiny edition. It is the smaller version of a larger image that was simply a thumbnail. It has no long since digital image control thumbnails have been used, that's how much PowerPoint utilizes them.

  • Hold the slide until the slider is raised instead move it to sixth position to move to sixth position.
  • All slideshow software allows a person to click on it and drag a slide only to spot.

6 0
3 years ago
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