Answer:
C.
Explanation:
Retail banking is a banking system that deals directly with retail consumers. Retail banking is responsible for providing financial aid to the general population. The major function of retail banking includes providing financial aid, checking and savings accounts.
Business banks, on the other hand, are also a part of the banking industry. It specifically deals with corporates and businesses, ranging from small-sized businesses to large-sized corporates. The major function of corporate banking or business banking is also to provide financial aid, checking and savings accounts.
Therefore, option C is the correct answer.
Answer:
FIXED PRICE CONTRACT
Explanation:
The type of contract that is most suitable if the type of work is predictable and the requirements are well-defined and not likely to change is FIXED PRICE CONTRACT because it looks as if the vendor is asking for a cost-plus-fixed-fee contract. However, by asking for a fixed $12,500, the vendor is actually asking for a FIXED PRICE CONTRACT. The cost and fee are just the components the vendor has estimated to come up with a final price.
Answer:
r = 0.080528395 = 8.05%
Winner's Prize at 2044: $ 15,215,114.02
Explanation:
Principal 160
Amount 1,610,000
time: 2015 - 1896 = 119
![160 \: (1+ r)^{119} = 1,610,000\\ r = \sqrt[119]{1,610,000 / 160} -1](https://tex.z-dn.net/?f=160%20%5C%3A%20%281%2B%20r%29%5E%7B119%7D%20%3D%201%2C610%2C000%5C%5C%20r%20%3D%20%5Csqrt%5B119%5D%7B1%2C610%2C000%20%2F%20160%7D%20-1%20)
r = 0.080528395
If the same rate for the winner's prize is being keep by 2044 the winner will get:
Principal 1,610,000.00
time 29.00 (2044 - 2015)
rate 0.08053
Amount 15,215,114.02
