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Sergeu [11.5K]
3 years ago
15

Andy deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Barb also deposited $3,000

this morning into an account that pays 5 percent interest, compounded annually. Andy will withdraw his interest earnings and spend it as soon as possible. Barb will reinvest her interest earnings into her account. Given this, which one of the following statements is true?a. Barb will earn more interest the first year than Andy will.b. Andy will earn more interest in yera three than Barb will.c. Barb will earn interest on interest.d. After five years, Andy and Barb will both have earned the same amount of nterest.e. Andy will earn compound interest.
Business
1 answer:
dimulka [17.4K]3 years ago
5 0

Answer:

C) Barb will earn interest on interest.

Explanation:

Compound interest can be defined as more interest earned by previously earned interest, i.e. interest that earns more interest.

At the end of the first year both Andy and Barb will have $3,150 in their accounts (= $3,000 + 5%). Since Andy will withdraw his money at the end of year 1, only Barb will earn compound interest. At the end of second year Andy will have $3,150 while Barb will have $3,307.50 (= $3,150 + 5%).

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82) At the current price of $2, how much does the firm want to produce?
Sedbober [7]

Answer:

84) The equilibrium is the only price where quantity demanded is equal to quantity supplied. At a price above equilibrium, like 1.8 dollars, quantity supplied exceeds the quantity demanded, so there is excess supply.

85) The equilibrium price and quantity are where the two curves intersect. The equilibrium point shows the price point where the quantity that the producers are willing to supply equals the quantity that the consumers are willing to purchase. This is the ideal quantity to supply

86) The existence of economic profits attracts entry, economic losses lead to exit, and in long-run equilibrium, firms in a perfectly competitive industry will earn zero economic profit.

87) The industry is in long-run equilibrium when a price is reached at which all firms are in equilibrium (producing at the minimum point of their LAC curve and making just normal profits). Under these conditions there is no further entry or exit of firms in the industry, given the technology and factor prices.

Explanation:

i dont know 82 or 83 sorry

5 0
3 years ago
ethan needs to assign his team members the following tasks. one of the team members, gail, is an extrovert. which task is most a
Nastasia [14]

Moderating a team meeting to discuss how well the last development cycle went is the task that should be assigned to Gail. Thus, option D is correct.

<h3>Who is an extrovert?</h3>

An extrovert is a type of personality in which people are usually outgoing and easy to talk also friendly with each other. They do not think about any consequences also they just go for the task which is there.

Moderating our team meeting would require a Gail to coordinate with various staff and departments, which would mean that he has to have experience in talking to different people. So the manager Ethan should assign this task to Gail. Therefore, option D is the correct option.

Learn more about extroverts, here

brainly.com/question/1524586

#SPJ4

The question is incomplete, the complete question will be:

independently analyzing the latest market research report

writing an explanation of a new product for senior management

checking the proofs of sales brochures for accuracy before they are printed

moderating a team meeting to discuss how well the last development cycle went

preparing a list of questions to discuss at the next team meeting

8 0
2 years ago
Consider the following information: the marginal products of labor for the US in producing Cars and Wheat are 24 and 18. Given t
stepan [7]

Answer:

0.75 wheat

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

the opportunity cost of producing cars, is the quantity of wheat that would have to be forgone to produce one car

18 / 24 = 0.75 wheat

7 0
3 years ago
David is buying a new car for $21,349.00. He plans to make a down payment of $3,000.00. If he's to
marshall27 [118]

Answer: (D) 5.90%

Explanation: David is going to buy a new car at $21,349.

The down payment is $3,000.

Loan amount (Present value) = $21,349 - $3,000

Loan amount (Present Value) = $18,349

Installment amount (pmt) = $352

As the payment is made monthly (12 months in a year),

Number of payments = 5 * 12

Number of payments = 60

Using the rate option in excel,

=rate(nper,pmt,-pv,fv,type)

Insert the variables into the option, we get

=rate(60,352,-18349)

By inserting the above formula in excel we get,

Rate = 0.47%

Rate of 0.47% is monthly, to get APR

APR = (1+monthly rate)^12 - 1

APR = (1+0.0047)^12 - 1

APR = (1.0047)^12 -1

APR = 1.0586 - 1

APR = 0.0586

APR = 5.86% or 5.90%

Therefore the correct option is 5.90%.



8 0
3 years ago
When people have more money and eagerly spend it, this increases
Leya [2.2K]

Answer:

More money and enganment to whoever they're purchasing from.

Explanation:

3 0
3 years ago
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