1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dimaraw [331]
3 years ago
13

Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variable interest rate.

Assume that fixed interest rates are used throughout this question. Ava deposited $1,300 in a savings account at her bank. Her account will earn an annual simple interest rate of 8.2%. If she makes no additional deposits or withdrawals, how much money will she have in her account in 5 years
Business
1 answer:
Lostsunrise [7]3 years ago
8 0

Answer:

She would have $1,833 in her account after 5 years

Explanation:

Principal = $1,300

Interest rate = 8.2%

Term of loan = 5 years

Simple Interest = Principal × Rate × Term of loan

= $1,300 × 0.082 × 5 = $533

The amount of money she would get after 5 years = $1,300 + $533 = $1,833

You might be interested in
Licensee mike was owed a commission from seller jane. jane has refused to make payment. what recourse does licensee mike have?
Westkost [7]

Licensee mike was owed a commission from seller jane. jane has refused to make payment. The recourse licensee mike has is he can seek damages from his broker.

A sales commission is typically an amount paid to an employee upon completion of a task for the sale of a specified quantity of goods or services. Employers sometimes use sales commissions as an incentive to increase employee productivity. Commissions may be paid in addition to or in lieu of salary.

Commission-based compensation benefits employees because they are ultimately in control of their income. In many ways, when a company uses commission payments, it doesn't limit an employee's potential to increase their income. Jobs that typically earn commissions include:

Learn more about commission here:brainly.com/question/25169847

#SPJ4

5 0
2 years ago
LO 6.3What is the proper order of tasks in an ABC system?
Y_Kistochka [10]

Answer:

Please see the naswer below

Explanation:

Activity-based costing ABC is a method for assigning costs to products, services projects, tasks, or acquisitions, based on the Activities that go into them  and the Resources consumed by these activities. Following is the proper order of tasks in an ABC system

1. Identify the primary activities and estimate a total cost pool for each.

2.Select an allocation base for each activity.

3.Calculate an activity cost allocation rate for each activity.

4. Allocate the costs to the cost object using the activity cost allocation rates.

7 0
3 years ago
Which of the following steps is NOT a basic step followed by PERT and​ CPM?
vodomira [7]

Answer:

D.

Explanation:

PERT and CPM are network planning techniques.

PERT means Program Evaluation and Review Technique.

CPM means Critical Path Method.

The six steps more common to PERT and CPM are:

-Define the project and identify each activity.

-Develop relationships among the activities.

-Draw the network connecting all of the activities.

-Adding time and/or cost estimates to each activity.

-Compute the longest time path through the network. This is called the critical path.

-Use the network to help plan, schedule, monitor and control the project.

5 0
3 years ago
You want to store events, members, and inventories for the New Horizon Candle Company and you need to collect the information in
denpristay [2]

The easiest function available in MS Access to begin collecting data quickly is to use a pre-designed Template.

<h3>What is pre-designed Template in MS Access?</h3>

Basically, the Ms Access is a database app that helps to store information for reference, reporting and analysis.

The pre-designed Template makes collection of data faster because the query, tables are already designed for instant use.

Hence, the Option B is correct since the easiest function available in MS Access to begin collecting data quickly is to use a pre-designed Template.

Read more about MS Access

<em>brainly.com/question/24643423</em>

3 0
2 years ago
1. The ratio of the money earned on an investment relative to the amount of the investment.
liraira [26]

i dont know high school

7 0
4 years ago
Other questions:
  • The following transactions were made by Ruby Inc. last year:
    8·1 answer
  • Recording partner's original investment Instructions Kimberly Payne and Arionna Maples decide to form a partnership by combining
    10·1 answer
  • Real GDP​ ______. A. accurately measures leisure time and life expectancy comma but does not accurately measure the general heal
    5·1 answer
  • Why should small business owners understand the concept of contract modification and settlement of disputed and undisputed debts
    13·1 answer
  • George retired from a local law firm and then volunteered to oversee a nonprofit's legal records. george is performing the dutie
    5·1 answer
  • Nikolai knows that what his boss has asked him to do is not in the best interest of the company. He also knows that if he does n
    7·2 answers
  • You have purchased 1 million shares in a restaurant chain venture. At this zero-stage investment, your company's assets are $100
    14·1 answer
  • Belfry Company makes special equipment used in cell towers. Each unit sells for $410. Belfry produces and sells 12,700 units per
    12·1 answer
  • 3. What is dollar voting? How can it affect the launch of the franchise into the new region?
    5·1 answer
  • Problem 9-41 (LO. 5)
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!