As demand for a specific product goes higher up for prices, consumers (the people who buy things) would be willing to pay more for an item.
Answer:
rate = 1.3085%
Amount after 10 years with no withdrawals nor deposits : 2,277.66
Explanation:
the formula for compound interest is as follow:
We plug our values and solve for rate:
r = 2,026.17 /2,000 - 1 = 0.013085 = 1.3085%
in ten years we have:
Amount = 2,277.66
Answer:
$739.72 ≈ 739.72
Explanation:
we can use an excel spreadsheet and the present value function to calculate the expected price of each bond ⇒ =PV(rate,nper,pmt,fv,[type])
- fv = $1,000
- pmt = $1,000 x 7.25% x 1/2 = $36.25
- nper = 60
- rate = 10% / 2 = 5%
- present value = ?
=PV(5%,60,36.25,1000) = -739.72 since excel calculates the initial investment, it is always negative, so we just change the sign.
Answer: No
Explanation: The given case illustrates the marginal benefit that someone receives from employing more more unit input.
In the given case, Shoshanna employed one more worker and this resulted in greater benefit for her, but if she keeps on adding the worker there will come a stage when she will face the diminishing marginal returns.
Diminishing marginal returns refers to the stage in which adding one more unit of input will results in lesser output than before.
Hence, we can conclude that shoshanna should not continue to hire.
<span>The answer for question 1 is A. IMMEDIATELY.
For electronically deposited funds, such as an employee's direct deposit, banks must make those funds available to the employee immediately because the funds have already been cleared.
The answer to question 2 is A RETURNED CHECK FEE.
The fee the bank charges the depositor of a bad check is A returned check fee. The bank has to return the check because it can't be cleared due to insufficient funds.
The answer to question 3 is NON-SUFFICIENT FUNDS FEE (NSF).
The fee the bank charges the issuer of a bad check is Non-sufficient funds fee (NSF).
The answer to question 4 is DO NOTHING.
The best way to pay a bank fee is Do Nothing. Banks immediately deduct fees from your account
The answer to question 5 is </span><span>Savings account, credit card, or another checking account</span><span>.
These are the type of accounts that can be linked to a checking account for overdraft protection. The bank will automatically debit any of the linked account and credit the issuers checking account the amount needed to cover the check issued and the maintaining balance required.
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