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
lack of property rights diminish economic growth. diminish economic growth. increases productivity. increases productivity. enco
nikdorinn [45]

The answer is diminish economic growth.

  • The lack of property rights will produce difficulties in the daily lives of the people, and they will not be rectified unless the government intervenes with some property rights, because everyone would grab the property with power because the property rights are not there to claim the rights.
  • Negative growth is defined as a drop in a company's revenues or earnings, or a drop in an economy's GDP in any quarter. Negative growth is characterized by declining wage growth and a decline of the money supply, and economists consider negative growth as a precursor to a future recession or depression.
  • Economists usually believe that four variables drive economic development and growth: human resources, physical capital, natural resources, and technology.

Thus this is the meaning of diminish economic growth.

To learn more about economic growth, refer: brainly.com/question/18964806

#SPJ4

5 0
1 year ago
How to do presentation​
Tatiana [17]

Explanation:

You can go to Microsoft words or Power point..

These can help you type your presentation or if on phone you can go to normal Notes app or word app....

I hope this helps you

3 0
3 years ago
Is there a potential problem if governments continually finance goods and services by borrowing money ? A.Yes, it is unconstitut
frosja888 [35]
The answer is B,"Yes, eventually their debts must be repaid with interest.

4 0
3 years ago
Read 2 more answers
On January 1, 2021, Ackerman sold equipment to Brannigan (a wholly owned subsidiary) for $200,000 in cash. The equipment had ori
just olya [345]

Answer:  $‭322,000‬

Explanation:

Consolidated income = Net income from Ackerman + Net Income from Brannigan + Excess depreciation - Amortization of unpatented tech - Gain from transfer of equipment

Excess depreciation = New depreciation of equipment - Old depreciation

Depreciation is straight line;

= (200,000/5 years) - (110,000/5)

= $18,000

Gain from transfer of equipment

= Sales - Book value

= 200,000 - 110,000

= $90,000

Consolidated income = 300,000 + 98,000 + 18,000 - 4,000 - 90,000

= $‭322,000‬

5 0
3 years ago
Assume Sarah is a cash-method, calendar-year taxpayer, and she is considering making the following cash payments related to her
Marizza181 [45]

The question is incomplete. However, it is about the calculation of after-tax cost of payment

Answer:

After-tax cost = payment*(1-0.37)

Explanation:

The after-tax cost is the net cost after the deduction of the amount of tax from the actual payment. In most cases, the value of the tax deduction is determined by multiplying the marginal tax rate with the payment. Then, the magnitude of the after-tax cost can be estimated by subtracting the payment from the tax deduction.

7 0
3 years ago
Other questions:
  • Carol’s Clothiers, LLP, sells women’s business clothing designed by the world’s top designers. The company also sells clothing f
    9·1 answer
  • Chris, a manager, knows that one of his employees values achievement and power. Chris should assign the employee to a job that
    10·1 answer
  • Policy analysts can estimate the value of a human life through ____.
    8·1 answer
  • What's the difference between current balance and available balance?
    5·1 answer
  • The ____ model of participation sees risks in greater participation and, thus, favors a larger role for elites.
    10·1 answer
  • Name and describe the four basic types of fees and cost a franchise owner must pay
    12·1 answer
  • What is the change due if a $5 bill is tendered for a charge of $4.21? The change in dollars and cents would be $ a0.
    9·1 answer
  • Prompt What is liability?
    14·1 answer
  • Under the modern traditional theory, the sovereign may nationalize foreign-owned property only where: a. it is for a public purp
    11·1 answer
  • Esperanza is starting a business by herself as an
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!