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riadik2000 [5.3K]
3 years ago
14

Nick inherited $150,000, which he immediately invested into a fund that will earn 10% per annum. if interest is compounded semi-

annually, in five years the investment will grow to
Business
1 answer:
UkoKoshka [18]3 years ago
5 0

First calculate the effective interest rate because the problem says that the interest is compounded semi-annually. The formula for effective interest rate is ieff= [(1+i/n)^n] – 1. The calculated effective interest rate is 10.25%. The value of the investment in 5 years could be calculated using the equation, FV= PV (1+i)^n. The value of the investment  then would be $244,334.194. 

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A _____ is a person who regularly buys stolen property for resale and who often has a legitimate business to cover his activitie
yulyashka [42]

A fence is a person who regularly buys stolen property for resale and who often has a legitimate business to cover his activities.

Legitimate business means a bona fide, active and operating commercial or business entity, or a government agency, charitable institution, or other duly recognized non-profit organization that produces services or goods for profit. I mean

Legitimate Business Reason means a party's compliance with contractual obligations and applicable laws and regulations, including but not limited to data protection, in connection with any action by a party. increase.

Legitimate business interests include valuable and confidential business information, material relationships with specific prospective or existing customers, customer goodwill related to ongoing business, and professional training. increase. identification.

Learn more about legitimate business here: brainly.com/question/24553900

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5 0
2 years ago
Refer to the HR Reports in the Inquirer. Through past investments in recruiting and training Chester has obtained a productivity
Reil [10]

Note:

I wasn't able to access the Chester Income Statement but I successfully accessed a similar question Digby.

The Complete Question is as under:

Refer to the HR Reports in the Inquirer. Through past investments in recruiting and training Digby has obtained a productivity index of 109.6%. This means that Digby's labor costs would be increased by 9.6% if it did not have these productivity improvements. This is a competitive advantage that Digby can sustain or even widen further if its competitors have no HR initiatives. Now, refer to the Income Statement in Digby's Annual Report. How much did Digby's productivity improvements save it in direct labor costs (in thousands) last year?

A. $766

B. $29818

C. $3137

D. $3211

Answer:

Option D. $3,137

Explanation:

The Productivity Index of 9.6% shows that if the improvement plan is implemented then the efficiency gains would result in saving of 9.6% of total direct cost. So if we total the direct cost for the year for all of the four products then we have an amount of $32,680 which is given at the second last column.

The amount saved last year would be:

Savings = $32,680 * 9.6% = $3,137

Hence the option C is correct here.

3 0
4 years ago
Joe and Michelle have a partnership firm. Based on the income-based method of calculating GDP, what category is the income earne
tekilochka [14]

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3 0
3 years ago
7. List and explain 3 things that make you enthusiastic about learning?
Reptile [31]

Answer:

1) Reward

2) Enjoyment

3) Personality Growth

Explanation:

<u>Learning Business</u>

I opted for Business because it is very easy as compared to other subjects.

It is applicable anywhere anytime.

It is rewarding in terms of  rules and regulations.

<u>Otherwise Learning</u>

It enhances your abilities making you a strong enough person to fight any challenge.

It is always rewarding. It pays you one way or other.

It polishes and nourishes your personality to an extent where you feel better adapted towards life.

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4 0
3 years ago
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Eva8 [605]

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Explanation:

4 0
3 years ago
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