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3 years ago

Which financial institution usually offers the higher interest rate on savings accounts?

Business

1 answer:

zaharov [31]3 years ago

4 0

Answer is credit union. in a credit union you are offered higher saving rates and lower loan rates. <span />

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If you invest $1,600 at the end of every year for four years at an interest rate of 14%, the balance of your investment in 4 yea

77julia77 [94]

Answer:

If you invest $1,600 at the end of every year for four years at an interest rate of 14%, the balance of your investment in 4 years will be closest to:____________

$7,873.83

Explanation:

a) Data:

Annual investment = $1,600

Interest rate = 14%

Number of period = 4 years

b) Calculations, using an online finance calculator:

FV (Future Value) $7,873.83

PV (Present Value) $4,661.94

N (Number of Periods) 4.000

I/Y (Interest Rate) 14.000%

PMT (Periodic Payment) $1,600.00

Starting Investment $0.00

Total Principal $6,400.00

Total Interest $1,473.83

c) The investment of $1,600 at the end of every year for fours will grow to $7,873.83 with the principal amount of $6,400 ($1,600 * 4) plus compounded interest of $1,473.83.

4 0

3 years ago

What is the value of a share of common stock using the corporate valuation approach for a company that has outstanding debt and

Sladkaya [172]

The firm value divided by the number of shares of common stock. The Common stock is a residual claim on a company's current and future profits. As a result, the shareholders are considered part-owners of a corporation. This does not imply that stockholders can walk into a company's headquarters and claim ownership of certain chairs, desks, or computers.

These are the property of the corporation, which is a legal entity. This residual claim is instead owned by the shareholders. The Investors and dealers can buy and sell common stock through exchanges. The Common stockholders may be eligible to receive dividends.

To learn more about shareholders, click here.

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8 0

2 years ago

If the prepaid rent account before adjustment at the end of the month has a debit balance of $2,800, representing a payment made

Fudgin [204]

Answer:

$2,100

Explanation:

The amount that will appear in the balance sheet after the adjustment of the rent expense of the $700 during the month is given as follow:

Amount of prepaid rent on balance sheet at the end of month=Debit balance of prepaid rent-monthly rent expense for the month

Amount of prepaid rent on balance sheet at the end of month=$2,800-$700

=$2,100

5 0

3 years ago

When the government imposes a binding price ceiling on a competitive market, a surplus of the good arises, and sellers must rati

saveliy_v [14]

Answer:

False

Explanation:

The competitive market works completely on the force of demand and supply. In this market there is no other restrictions or perks from any third party.

With this the prices of any commodity depends upon the free flow of market.

When the government imposes any restriction on price ceiling, in the competitive market then the shortage of goods arise, as because no individual supplier generally, gets ready to supply the goods at such binding price, which generally, leads to inflation, which is not practical as government has binding price ceiling.

Thus, the statement is false.

6 0

4 years ago

First-mover disadvantages refer to:__________

Masteriza [31]

Answer: A. disadvantages associated with entering a foreign market before other international businesses.

Explanation:

First-mover disadvantages refer to:__________

A. disadvantages associated with entering a foreign market before other international businesses.

First-mover is an individual or organisation that makes an entry into the market first.

It has advantages and disadvantages as a First mover
one advantage is establish a brand to customers
one disadvantage is ssociated with entering a foreign market before other international businesses

4 0

3 years ago

Read 2 more answers