Principal, P = $5,300
Rate, r = 6.9% = 0.069
Compounding interval, n = 365
Time, t = 4 years
Note that n*t = 365*4 = 1460.
The value after 4 years is
A = 5300*(1 + 0.069/365)¹⁴⁶⁰ = 5300*1.3178 = 6984.41
Answer: $6,984.41
It is the duty of the ABC license to ensure that policies are created to guide employees of an alcohol establishment in the service of alcoholic beverages.
<h3>What is the mission of the ABC?</h3>
The full form of ABC is Alcoholic Beverage Control which is an agency to regulate the alcohol Beverages. The main aim of the agency is to provide license for public safety.
The duty of the ABC license is to guide the employees by making policies and rules regarding the regulation of Alcoholic Beverage.
Learn more about Alcoholic Beverage here:
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Answer:
The registered representative should accept the client's sell order, but must mark the order ticket as a long term. The representative can accept the order because it is reasonable that the client will be able to deliver the shares by the time of the settlement. If the representative marked the order ticket as a short sale, it is probable that the client will not be able to deliver the shares on time.
Explanation:
Answer:D. reject the offer because it will produce a net loss $21,000
Explanation:
Net income or loss is the total of firm's income less it's total cost( fixed and variable) . The contract will result in a loss $5 per unit which multiply by the total units of 4200 gives $21,000
Answer:
<em>For Kenji he falls on the category M2, for Lucia it's M2, and for Eric belongs to the category of both M1 and M2 respectively.</em>
Explanation:
<em>M1 money supply comprises of currency in physical form and coin, the demand deposit( check-able) travelers check</em>
<em>
M2 money supply comprises of Certificate deposit and M1, savings, money market funds, and time deposits for example, M2 money supply comprises money. that is less liquid/</em>
- <em>
Kenji has $25000 in a money market account - it belongs to the category of M2 money supply.</em>
- <em> Lucia has $8000 in a two year CD, it belongs to the category - M2 which is money supply
</em>
- <em>Eric withdrew money from the bank to do laundry. The money he took will go to cash that is available or in the economy at that time or the physical currency. these category belongs in M1. As M2 money supply contains M1 therefore this example also belongs in M2.
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