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Kamila [148]
3 years ago
10

Stephen Thublin invests $1,000,000 in a 45-day certificate of deposit with 6.55% interest. What is the total interest income fro

m the investment?
Business
1 answer:
givi [52]3 years ago
6 0

Answer:

$8187

The CD has a rate of 6.55%. This rate is always annual. then, the interest paid for a year is $65.500. (360 days)

As the CD has a term of 45 days only the final interest paid is $8187

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If a firm sells a prestige product, what kind of relationship between price and quantity demanded should it expect?.
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For a firm that sells a prestige product, the relationship between price and quantity demanded is a <u>positive direct relationship</u>.

<h3>Why is the relationship between demand and price of prestige products direct?</h3>

The relationship between the demand and price of prestige products is direct because prestige products tend to sell better at high prices than at low prices.

And when the quantity demanded increases, the price tends to increase.

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Learn more about the demand for prestige products at brainly.com/question/6374886

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You are a sales manager for a car dealership who wants to effectively target potential customers. Write a paper that details how
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answer is given below

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