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
stepan [7]
3 years ago
5

You agree to make 24 deposits of $500 at the beginning of each month into a bank account. At the end of the 24th month, you will

have $13,000 in your account. If the bank compounds interest monthly, what nominal annual interest rate will you be earning?
a. 7.62%
b. 8.00%
c. 8.40%
d. 8.82%
e. 9.26%

Business
2 answers:
sergey [27]3 years ago
5 0

The answer & explanation for this question is given in the attachment below.

TANDUNG2 years ago
0 0

the final result is 7.62%

You might be interested in
g Suppose Phil and Miss Kay are the only consumers in the market. If the price is $12, then the market quantity demanded is Ques
juin [17]

the market quantity demanded is 2 units.

Answer: Option B.

<u>Explanation:</u>

Market quantity demanded is the demand of a particular good that has been made by the consumers in the market which is negatively related to the price of the product.

Since it is negatively related with the price of that product, so with the rise of the price of the product, the quantity of the commodity demanded will decrease with the increase in the price of the commodity and vice versa. For this reason, the graph of this is negatively sloping.

6 0
3 years ago
Creighton Company reported the following on the company's income statement for the year. Interest expense $600,000 Income before
avanturin [10]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Interest expense= $600,000

Income before income tax expense= 4,200,000

To calculate the interest earned ratio we need to use the following formula:

Times interest earned ratio= earnings before interest and tax/ interest rate

Times interest earned ratio= 4,200,000/600,000= 7

8 0
3 years ago
What effect does the entry of new firms have on the economic profits of existing​ firms? When new firms enter a monopolistically
Ronch [10]

Answer:

decrease and demand curve will shift to the left.

Explanation:

When new firms enter a monopolistically competitive​ market, the economic profits of existing firms will decrease. This is because, new firms enter an existing market if they spot a profit opportunity . The entry of these new firms will therefore increase the quantity of products or services supplied in the market which gives consumers more choices and substitutes. As a result, the demand curve of the existing firms will also shift to the left. because their

7 0
3 years ago
A client wishes to update their legacy system even though there have been no
maksim [4K]

If the client has not suffered any attacks, why is it still necessary to update their system because only businesses with older systems are targeted by attackers.

<h3>Why is it important to have a new security system?</h3>

Updates to systems, accounts, systems, and applications aren't just requested when there's a security breach on the system; in the case of apps or programs, the addition of new features and bug patches may prompt a developer update.

Thus, option A is correct.

For more details about important to have a new security system, click here:

brainly.com/question/22278398

#SPJ1

4 0
2 years ago
Suppose that real domestic output in an economy is 20 units, the quantity of inputs is 10, and the price of each input is $4. An
Arisa [49]

Answer:

$2 per-unit cost of production

Explanation:

since 20 units are produced and 10 units of input are used so,

divide 20/ 10 to get per unit cost of production.

        20/10 = $2

6 0
3 years ago
Other questions:
  • Which of the following was not one of the purposes of the Single European Act? A. Remove all frontier controls between EU countr
    14·2 answers
  • Pedro did not save any money for college. What is his best option for job training?
    15·2 answers
  • What is stakeholders​
    11·2 answers
  • Bill and Fred bake cookies and pies. Bill's opportunity cost of baking 1 pie is 5 cookies. Fred's opportunity cost of baking 1 p
    9·1 answer
  • Elm Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019 Raw materials inventory $420,000
    11·1 answer
  • What are some things can do to influence how the US government is run? Check all that apply.
    15·2 answers
  • On January 1, 2018, the Highlands Company began construction on a new manufacturing facility for its own use. The building was c
    10·1 answer
  • Cheryl is single, has one child (age six), and files as head of household during 2020. Her salary for the year is $19,500. She q
    6·1 answer
  • Pls refer to photo thank you!
    14·1 answer
  • Judd works in the warehouse at home depot. Which would be an external equity pay comparison?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!