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
larisa [96]
3 years ago
11

find the nominal annual rate of interest compounded monthly if $1200 accumulates to $1618.62 in years

Business
1 answer:
Gwar [14]3 years ago
7 0

Answer:

Nominal annual rate of interest(r) = 2.5% (Approx)

Explanation:

Given:

Present value (P) = $1,200

Future value (F) = $1,618.62.

Number of year = 1year = 12 months

Find:

Nominal annual rate of interest(r)

Computation:

Nominal annual rate of interest(r) = \sqrt[12]{\frac{1,618.62}{1,200} }-1

Nominal annual rate of interest(r) = \sqrt[12]{1.34885}-1

Nominal annual rate of interest(r) = 0.02525

Nominal annual rate of interest(r) = 2.5% (Approx)

You might be interested in
.Cantlivia is a small and poor nation, but its current prime minister has a desire to create more wealth for her citizens. The p
makkiz [27]
<h2>Establish a business environment that promotes and rewards is the choice which the Prime Minister likely to choose.</h2>

Explanation:

The motto here is to increase the wealth of the country.

Option 1: Invading other countries is unethical and also, it cannot assure that, Cantlivia will improve. The reason is the country which the option says is poorer than Cantlivia, so point of growth could be seen.

Option 2: Already the country economy is down, so purchasing new tools is not possible hence this option is invalid.

Option 3: We can increase wealth only by creating business and creating entrepreneurs. So this is the right choice.

Option 4: Creating a barrier will actually slow down wealth. So this option is not right.

4 0
3 years ago
I have a resturant which is famous for hydrabdi biryani but the ingredients are not avilable in the resturant suddenly if the gu
liraira [26]
You could say to the customer “sorry there is none available at the moment” and for them to come back and not be disappointed you can give them a discount voucher , therefore minimising the chance of that customer not returning.
3 0
3 years ago
Read 2 more answers
Tri-State Mill uses a special sander to finish lumber. Data on the sander and its usage follow. Cost Driver Rate Cost Driver Vol
Nadusha1986 [10]

Answer and Explanation:

The computation of the unused resource capacity in energy and repairs for Tri-State Mill. is shown below;

For energy

= $6,900 - 6,000 × $0.90

= $6,900 - $5,400

= $1,500

For repairs

= $12,000 - 600 × $16

= $12,000 - $9,600

= $2,400

Hence, the unused resource capacity in energy and repairs for Tri-State Mill. is $1,500 and $2,400 respectively

7 0
3 years ago
If a certain country considered handshakes in business transactions to be taboo and preferred to use nodding, this would be an e
MAVERICK [17]

Answer: Cultural forces

Explanation:

This is an influencing system which exist within certain population that steer business practices and/or purchasing behavior.

8 0
3 years ago
A broker just did something unethical , what did they do and what is it called ?
DochEvi [55]

Answer:Churning

Explanation: My teacher told us in class

6 0
2 years ago
Other questions:
  • The people on Coral Island buy only juice and cloth. The CPI basket contains the quantities bought in 2013. The average househol
    14·2 answers
  • The major disadvantage of content analysis as a method is
    13·1 answer
  • If (1) the cost of manufacturing computers decreases and (2) at the same time the quality improves, making computers more useful
    12·1 answer
  • Which of these statements represent ideas that Peter Drucker introduced in his book The Practice of Management? (select all that
    15·1 answer
  • A basic concept in economics is that all resources are scarce. Allocated. Valuable. Renewable.
    13·2 answers
  • Le Son, Inc., has current liabilities of $11,700 an accounts receivable of $15,200. The firm has total assets of $43,400 and net
    14·1 answer
  • pleace go and like and comment and subscribe to my cuzz JAASIASTANLEY this is the name (her mom told her that she will be nuthin
    9·1 answer
  • g Lawson Manufacturing Company has the following account balances at year end: Office supplies $ 4,000 Raw materials 27,000 Work
    6·1 answer
  • Consider today’s stock listing for Enam Telecom, shown below. 52 wk High 52 wk Low Symbol Div. Close Net Change 122. 86 64. 77
    12·1 answer
  • Question 7 Suppose that Jaxon Corporation has three products: Red, Black, and White. Red has the highest contribution margin per
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!