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goblinko [34]
4 years ago
5

Ten years ago you put $150000.00 into an interest earning account. Today it's worth $275000. What is the effective annual intere

st earned on the account
Business
1 answer:
Nikolay [14]4 years ago
3 0

Answer:

the effective annual interest earned on the account is 6.25%.

Explanation:

The effective annual interest earned on the account can be calculated as follows :

PV = - $150,000

N = 10

PMT = $0

P/yr = 1

FV = $275,000

R = ?

Using a Financial calculator, the  effective annual interest, R, earned on the account will be : 6.2488 or 6.25%.

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Economic theory​ is: A. the specification of a set of assumptions. B. a prediction about cause and effect. C. the development an
RSB [31]

Answer:

The answer is C. Development and use of model to test

hypotheses  

Explanation:

Economic theories are theories that explains economic phenomena and tries to create solutions to the identified economic  problems. They are comprehensive system of assumptions, hypotheses, definitions and instructions about what should be done in a certain economic situation.

Examples of Economic theories are

Classical economic theory

Keynesian theory

New Classical theory

New Keynesian theory

5 0
3 years ago
An appraiser is trying to find the value of a piece of property. He looks at the land first and figures its value, and then he d
Setler [38]

Answer:

In appraising, land is never depreciated, as are buildings.

Explanation:

Generally land and buildings are separable assets and are been accounted for separately, even when acquired together.

In the other hand, land asset is not depreciated, because it is considered to have an infinite useful life. This distinctively makes it unique amongst all asset types; it is the only one for which depreciation is prohibited.

Nearly all fixed assets have a useful life, after which they no longer contribute to the operations of a company or they stop generating revenue. During this useful life, they are depreciated, which reduces their cost to what they are supposed to be worth at the end of their useful lives (which is known as salvage value). Land, however, has no definitive useful life, so there is no way to depreciate it.

5 0
3 years ago
Suppose you just bought an annuity with 11 annual payments of $16,100 at the current interest rate of 12.75 percent per year. a.
noname [10]

Answer and Explanation:

a. The value of the investment is shown below:

Given that,  

Future value = $0

Rate of interest = 12.75%

NPER = 11 years

PMT = $16,100

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after applying the above formula, the present value is $92,543.17

b. If the interest rate drop to 7.75%, so the present value is $116,344.48

c. If the interest rate rise to 17.75% so the present value is $75,670.82

3 0
4 years ago
Conduct online research to learn about new developments in forensic science and the scientists responsible for these development
adoni [48]

Answer:

New developments in forensic science and the scientists responsible for these developments is explained below in detail.

Explanation:

Image improvement technologies are empowering researchers to read evidence such as footprints, fingerprints, and strike marks. Data tapping of databases, such as the Connected DNA Index System (CODIS) and the Automated Fingerprint Identification Systems (AFIS) assistant crack cases that would have been unsolvable a few times ago.

5 0
3 years ago
When you purchase the exact same office supplies you purchased in the previous quarter, you are making a
tigry1 [53]

When you purchase the exact same office supplies you purchased in the previous quarter, you are making a straight rebuy.

<h3>What is a straight rebuy?</h3>

This is the type of purchase that a customer is known to buy that is in the same quantity and the same terms as the goods from the same supplier.

The perfect example of this is that people are known to visit the same coffee shop daily to make the same purchase.

Read more on a straight rebuy here:

brainly.com/question/8530057

#SPJ1

8 0
2 years ago
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