Answer:
(A) $5,131.5
(B) $12,729.5
Explanation:
The interest earned on the value of interest earned before is the compounded interest. Compounding is the reinvestment of the amount earned before and take return over it too.
As per given data
Invested amount = $5,000
Interest rate = 3.9%
Interest is compounded monthly
Monthly rate = 3.9% / 12 = 0.325%
Formula for the accumulated amount of investment
A = P ( 1 + r )^n
Accumulated Money when $5,000 is
(A) Invested for 8 months
A = $5,000 ( 1 + 0.325% ) ^8
A = $5,131.5
(b) Invested for 24 years or 288 months (24 x 12)
A = $5,000 ( 1 + 0.325% ) ^288
A = $12,729.5
Answer:
The required rate of return is 11.3%
Explanation:
Required rate of return(ke) = 
x (1+g) / 
+ g
= 1 x (1 + 0.06) / 20 + 0.06
= 1 x 0.053 / 20 + 0.06
= 0.113
= 11.3%
Answer:
A Eurocurrency is any currency that is banked outside of its country of origin.
Because then everyone would have money and there would not be enough supply for the demand and the economy would collapse.
Answer:
B, first-mover advantages
Explanation:
First-mover advantage is the advantage gained from being the first to occupy a particular market position. Acronymed FMA, First-mover advantage helps to ensure that the first and early comer to a market position gains control of resources thus giving the firm a competitive advantage in the market.
I hope this helps.
