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Kitty [74]
3 years ago
7

Assume that the amount of money deposited in a bank is proportional to the square of the interest rate the bank pays on this mon

ey. Furthermore, the bank can reinvest this money at 12%. Find the interest rate the bank should pay to maximize profit. (Use the simple interest formula.)
Business
1 answer:
vredina [299]3 years ago
7 0

Answer:

8% interest.

Explanation:

<em>P</em> = 0.12<em>m</em> - <em>im</em>

<em>m = kr²</em>

<em>P = 0.12kr² - rkr²</em>

<em>kr² = </em>0.08<em>kr</em>

<em>r = </em>0.08

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Buy what u need when u need it not what u want when u want my dad always said

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Classify each item as an asset, liability, common stock, revenue, or expense. (a) Issuance of ownership shares. select the corre
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Answer:

The classified list of items is as follows:

(a) Issuance of ownership shares - Common stock

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3 years ago
The Morrit Corporation has $1,080,000 of debt outstanding, and it pays an interest rate of 11% annually. Morrit's annual sales a
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Answer:

3.020

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TIE ratio= EBIT/Interest = $358,800/118,800

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3 years ago
According to O*NET, what are common tasks performed by Tour Guides? Check all that apply. purchasing airline tickets for tour gr
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<h3>What is contract?</h3>

A contract is the legal agreement between the two parties. It contains all the essentials of section 10. On the breach of such contract, the party who break the contract will be punishable under the act.

Crosby and Subban have a contract in which Crosby agrees to sweep Subban's retail store at the end of each work day. Subban discovers Crosby is unlicensed before the first payment is due.

All retail floor sweepers in Florida are required to be certified and pay annual dues.

As a result, Subban does not compensate Crosby for his efforts. When Crosby s pursues a breach of contract complaint against Subban to court, the judge will conclude the contract is invalid since the purpose of the license is to protect the public.

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