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leonid [27]
2 years ago
10

If you put $700 in a savings account with a 10% nominal rate of interest compounded monthly, what will the investment be worth i

n 21 months (round to the nearest dollar)?
Business
1 answer:
aksik [14]2 years ago
8 0
<span>To find the compound interest of an investment you have to use this formula, A = P(1 + r/n)^nt, where A is the total amount you have after the investment period, P is the amount you invest or the amount you put in, r is the rate of the of the compound interest in this case 10%, n is the amount of time the interest will be compounded for example, 4 months a year(quarterly) or 6 months a year(semi annually), and t is the amount of time you invest in years. So in this case you are going to substitute everything in the formula with their given value. So P = $700, r = 10%, n = 21 (because it is the number of months we invest for), and t = 2 years (because 21 months fit perfectly in 2 years, and t must always be in years). The resulting formula will be A = $700(1 + 0.1/21)^(21 x 2), which will give you an answer of $855 rounded to the nearest dollar.</span>
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8 months ago
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Allisa [31]

Answer:

The correct answer is letter "B": Neglected-firm effect.

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8 0
2 years ago
For what reason might someone decide to bring a civil law suit against a person or a business? What might the
Svetradugi [14.3K]

Answer:

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If a defendant loses in a civil law suit, he usually pays in dollars, as reimbursement for the harm done. Rarely, this results in actual time in prison (behind bars).

----------------------------------------------------------------

Usually, when harm or potential misunderstanding includes someone you know or work with, the first step is to try to settle things without court. Legal costs can become overwhelming, especially if the problem could be solved beforehand.

Also, the social and relationship aspect is extremely important. If you take a case to the court (especially if the reason is minor and could be potentially settled without the aid of legal entities), the relationship between you and the defendant will always have a hostile notion to it. That is a factor to take into consideration if the defendant is an acquaintance or co-worker.

7 0
3 years ago
The lesson of __________ is to forget about the money that's irretrievably gone and instead to focus on the marginal costs and b
kotykmax [81]

The lesson of sunk costs is to forget about the money that's irretrievably gone and instead to focus on the marginal costs and benefits of future options. A sunk cost is a cost that happened during the manufacturing of something else and there is no way to recover that money back if the item or service fails. These costs will happen no matter the decision or outcome of a situation so most companies do not factor in sunk costs.

6 0
3 years ago
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larisa86 [58]

Answer:

the business will provide finance for the event

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Cheers.

5 0
3 years ago
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