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bagirrra123 [75]
3 years ago
8

The apr of burt's savings account is 2.5%, but interest is compounded only once a year. what is the apy of burt's savings accoun

t?
Business
2 answers:
Free_Kalibri [48]3 years ago
7 0

Answer: 2.5%


Explanation: Economically speaking, If an account is compounded once a year the APY will always be equal to APR. Contrary to this, if an account is compounded more than once per year, the APY will always be greater than the APR. So, the answer is 2.5%.

ivann1987 [24]3 years ago
5 0

The APR (annual percentage rate) and the APY (annual percentage yield) are both 2.5%. Due to the interest compounding quarterly, the two share the same equal amount in this case and have a 2.5% interest rate. APR, is usually found on a credit card, mortgage or a loan where there are payments being paid to a lender. The APY, is usually found when describing a savings or checking account that is interest bearing. An interest bearing account refers to an account in which you deposit money into, and you earn money overtime by keeping it in the bank.

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n200080 [17]

Answer:

$322,990

Explanation:

The reconciled estimated market value of the subject property will be calculated as follows:

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Government inputs, especially the 1825 Erie Canal and subsequent projects like the Chesapeake and Ohio Canal, created an economi
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Explanation:

This is on the grounds that tax collection doesn't devastate the economy. Actually, they give income to the administration through which the legislature can back its improvement and government assistance ventures. In addition, burdens additionally fill in as an arrangement of salary re-conveyance for accomplishing higher fairness in an economy. What's more, in antiquated occasions refrigeration was finished utilizing ice-houses and so on.

5 0
3 years ago
Below is the complete list of accounts of Sooner Company and the related balance at the end of April. All accounts have their no
allochka39001 [22]

Answer:

                                           Trial Balance

                                                     <u>Debit</u>               <u>Credit</u>

Land                                             53000

Accounts Receivable                  5400

Cash                                              3200

Prepaid Rent                                6700

Accounts Payable                                                 3600

Deferred revenue                                                  1950

Common Stock                                                      33000

Retained earnings                                                 21250

Service Revenue                                                   24700

Salaries expense                          7500

Supplies expense                       <u>  8700  </u>            <u>              </u>

Totals                                            84500               84500                    

Explanation:

The trial balance has been made in the answer section.

3 0
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TwitterMe, Inc., is a new company and currently has negative earnings. The company’s sales are $1,500,000 and there are 135,000
Masteriza [31]

Answer:

(a) $61.11

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Explanation:

1)

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Thus,

Price of stock = Value of Stock ÷ shares outstanding

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                       = $61.11

Thus, I would pay $61.11 for the stock.

2)

Value of Stock = Benchmark price-sales ratio × Stock's sales

                          =  4.9 × 1,500,000

                         = $7,350,000

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Price of stock = Value of Stock ÷ shares outstanding

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Thus, I would pay $54.44 for the stock.

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