1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
agasfer [191]
3 years ago
5

The president of a growing engineering firm wishes to give each of 20 employees a holiday bonus. how much needs to be deposited

each month for a year at a 12% nominal rate, compounded monthly, so that each employee will receive a $2,500 bonus?
Business
1 answer:
Ludmilka [50]3 years ago
4 0

Given that: F (Future worth) = $2,500, i (nominal interest rate) = 0.12, compounded monthly = 12 months, years of investment = 1 year, and no. of employees = 20. Compute using the annuity formula: A=Fi/(((1+i)^n)-1). Calculating i = 0.12/12 = 0.01, since it is compounded monthly. Calculating n (total number of compounding) = 1 x 12 = 12, since year of investment is equal to 1. Substituting F=2500, i=0.01 and n=12 to the annuity formula, you will get A=$197.12. Multiply by 20, you will get $3,942.44.

You might be interested in
The front matter of a formal report refers to the preliminary sections before the body section. True False
Agata [3.3K]

Answer:

TRUE

Explanation:

Front matters are pages of a report that preceeds the first text. It is the first section of a book or report and it's usually the shortest.

It is also known as PRELIMINARY MATTERS or for short PRELIMS.

It comes in different forms. It can be as simple and short as just maybe a single title page or it can include multiple titles pages, abstract, preface amongst others.

3 0
3 years ago
Which type of malware could appear to be desirable to the user
allsm [11]
There are many types of malware disguise themselves as a free anti- virus program. I hope this helps! -eagle
5 0
3 years ago
He business decisions of a corporation are made by whom?
Sauron [17]
C. A board of directors :)
6 0
3 years ago
Explain AHIMA's data quality management model, including the domains it covers and the data characteristics
BlackZzzverrR [31]

Answer:

Data Quality management: AHIMA created this model for quality data management to support the need for true and accurate data. Patient care, patient outcomes, reimbursement, process...

Hope this helped :)

Explanation:

3 0
3 years ago
In a financial sector, we use ______ to construct financial instruments such as derivatives.
Anettt [7]

Answer:

Predictive models

Explanation:

Predictive modeling uses statistics to predict outcomes. It can be applied to any type of unknown event, regardless of when it occurred.

3 0
3 years ago
Other questions:
  • Command and Control Regulation is when____.
    5·1 answer
  • Venus Diner, a fast food restaurant, has installed two additional billing counters to reduce waiting time for customers. This ha
    8·1 answer
  • The real risk-free rate is the increment to purchasing power that the lender earns in order to induce him or her to forego curre
    7·1 answer
  • Arlie hochschild explains that companies typically ________
    15·1 answer
  • Cherry Street Market reported the following information for the sales of their only product, cherries sold by the pint: Cherry S
    10·1 answer
  • Based on the following data, what is the current ratio? Accounts payable………………………….. $ 64,000 Accounts receivable….………………….. 114
    5·1 answer
  • briefly,explain why the depth of floatation of a ship changes when it sails from the Arabian sea to the lndian ocean​
    10·2 answers
  • Babble, Inc., buys 405 blank cassette tapes per month for use in producing foreign language courseware. The ordering cost is ​$1
    14·1 answer
  • True or False: You may contribute as much of your earnings as you choose to your employer-sponsored retirement plan
    9·2 answers
  • In order to start a small business, a student takes out a simple interest loan for $8,000 for 9 months at a rate of 7.50%. How m
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!