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
Temka [501]
3 years ago
13

If you deposit $2000 in a savings account with an interest rate of r compounded annually, then the balance in the account after

3 years is given by the function B(c) = 2000(1 + r)3, where r is written as a decimal.. . . . . . What interest rate will yield a balance of $2300 after 3 years?. . . . . a. . . 4.55%. . . c. . . 4.67% . . . b. . . 3.25% . . d. . . 4.77% .
Business
1 answer:
BigorU [14]3 years ago
7 0
The future worth of the ) current investment with compounded interest is given by the equation,
                                      B(c) = P(1 + r)^3
From the given above,
                                      B(c) = 2000(1 + r)^3
The rate may be obtained by rearranging the equation,
                                       (1 + r)^3 = B(c) / 2000
                                  ((1 + r)^3)^1/3 = (B (c) / 2000) ^1/3
                                         r = (2300 / 2000)^1/3 - 1
The value of r is 0.477. Thus, the answer is letter D.. 

You might be interested in
PLS HELPPP FASTTT!!!! Which of the following is not consistent with the efficient market hypothesis?
Morgarella [4.7K]

Answer:

c. News has no effect on stock prices.

Explanation:

A foreign exchange market can be defined as a type of market where the currency of a country is converted to that of another country. For example, the conversion of the United States of America dollars into naira, rands, yen, pounds, euros, etc., at the foreign exchange market.

Efficient market school is the market school which argues that forward exchange rates do the best possible job for forecasting future spot exchange rates, so investing in exchange rate forecasting services would be a waste of time because it is impossible to have a consistent alpha generation on a risk adjusted excess returns basis as market prices are only affected by new informations.

The efficient market school also known as the efficient market hypothesis (EMH) is a hypothesis which states that, asset (share) prices reflect all information and it is very much impossible to consistently beat the market. Also, forward exchange rates are exchange rates controlling foreign exchange transactions at a specific future date or time.

According to the efficient market hypothesis, News has an effect on

the prices at which a stock is sold because it affects demand and supply.

6 0
3 years ago
Which dimension of the general environment represents the demographic characteristics, norms, customs, and values of the populat
BARSIC [14]

Answer:

c. Sociocultural dimension

Explanation:

The sociocultural dimension of the general environment takes into account the demographic traits of society such as age, race, religion etc. as well as the  society's attitudes and cultural values. It is important for businesses to operate in ways that respect the sociocultural environment within which they operate.

7 0
3 years ago
Assume a large corporation is experiencing the​ principal-agent problem. What could the corporation do to minimize this​ problem
EastWind [94]

Answer:

1) Structure rewards/pay to be based on performance

2)Make them stakeholders/shareholders of the principal

Explanation:

The major principal/agent problem is the agent not acting in the best interest of the principal. Taking the steps above could minimize the problem

7 0
3 years ago
a salesman bought 2 dozen television sets at $300 each. he sold two-thirds of them at a 25% profit but was forced to take a 30$
alukav5142 [94]

Original price: 24 times 300 = 7200

Making money: 0.25*(2/3)24*300 = 1200

Loss: 0.3*(1/3)24*300 = 720

Profit overall = 120–720 = $480

A good that is commonly accepted as a medium of economic exchange is money. It serves as the main determinant of wealth and the medium through which prices and values are expressed. It is used as a medium of exchange since it can move anonymously from one person to another and from one country to another.

The primary function of money is to enable a trade to occur without the dreaded double coincidence of barter by enabling the distinction between buying and selling.

Theoretically, credit may fulfil this need, but the supplier would need to know the probability of repayment before extending credit. In contrast to using money, this requires far more information on the customer and involves informational and verification fees.

Learn more about money here:

brainly.com/question/22984856

#SPJ4

7 0
1 year ago
A company reported total equity of $145,000 at the beginning of the year. The company reported $210,000 in revenues and $165,000
Allushta [10]

Answer:

e. $ 282,000

Explanation:

To determine the assets of the company at year end, we need to find the equity at year end, this is calculated as follows:

Opening Equity                                                      $ 145,000

Net Income for the year                                        $ 45,000

Revenues     $ 210,000

Expenses     $ 165,000

Equity at end of year                                            $  190,000

The accounting equation is

Assets = Liabilities + Stockholders' Equity

Assets = $ 92,000 + $ 190,000                           $ 282,000

4 0
3 years ago
Other questions:
  • Creative product differentiation can enable a small business to increase market share.
    9·1 answer
  • When the Wright brothers designed their aircraft, they built a wind tunnel to model the aerodynamics of different wing designs.
    11·1 answer
  • How do fixed costs per unit​ behave?
    13·1 answer
  • Suppose you just bought an annuity with 9 annual payments of $15,400 at the current interest rate of 11 percent per year. a. Wha
    8·1 answer
  • A cruise line offers a trip for dollar-sign 1800 per passenger. If at least 100 passengers sign up, the price is reduced for all
    12·1 answer
  • Your manager has asked for your help to make a decision on an important issue within 24 hours. the outcome of this decision will
    8·1 answer
  • Constance Hairston obtains a 20​-year, ​$128,500 mortgage at 7​% on a house selling for $128,500. Her monthly​ payment, includin
    6·1 answer
  • (100 POINTS ANd BRAINLYEST)<br> Question 4 Only
    6·2 answers
  • The demographics of their target market are extremely important for companies to know in order to determine how they'll advertis
    13·1 answer
  • "Eva Stone's home in Chicago was recently gutted in a fire. Her living and dining rooms were destroyed completely, and the damag
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!