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Mars2501 [29]
3 years ago
11

Suppose you found a CD that pays 4.9% interest compounded monthly for 4 years. If you deposit $10,000 now, how much will you hav

e in the account in 4 years? (Round to the nearest cent.)
Business
1 answer:
Katyanochek1 [597]3 years ago
4 0

Answer:

=$11,580.00

Explanation:

The CD pays 4.9 percent compounded monthly for four years.

In one year, there will be 12 occasions of compounding; after four years, there would be 12 x 4 = 36 compounds.

The interest rate per year is 4.9 percent; monthly interest will be 4.9 /12, which is 0.4083 percent.

The amount in four years is the same as the future value after four years.

=FV = PV (1+r)n

Pv =$10,000

r=0.4083 %

N =36

Fv = 10,000(1+0.4083/100)36

=10,000(1+0.004083)36

=$10000 x 1.1579932

=$11,579. 932

=$11,580.00

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The answer is Cell.

Hope this helps!

5 0
3 years ago
Which of the following is an example of a primary market transaction? a. A bank sells a mortgage to another bank. b. An IPO. c.
siniylev [52]

Answer:

b. An IPO

Explanation:

The primary market transaction is the market where securities are created. An IPO which means initial public offer is an example of a primary market transaction.

The secondary market which is also known as the stock market is where securities that have been created are allowed to change ownership through sales and purchases.

All other options given (apart from IPO) are secondary market transactions.

4 0
4 years ago
What is the difference between charismatic leadership and transformational leadership?
ololo11 [35]

Answer:

The difference between charismatic leadership and transformational leadership is: Charismatic leadership gravitates around the leader and the persona of the leader. Transformational centers around a common vision and focuses on improving and evolving all team members to reach another level.

3 0
3 years ago
Read 2 more answers
Use the weighted-average inventory method for the following problem: The beginning inventory on August 1 has two items that are
Andrej [43]

Answer:

Average cost units in inventory=$1,205

Explanation:

August 8

Weighted  average cost in August 8

=( (2 × 100 )+ (3 × 250))/5=$190

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Balance in inventory in August 15 = 950 - 570 =380

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Average cost units in inventory=$1,205

6 0
3 years ago
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ira [324]
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