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aksik [14]
3 years ago
11

A bank offers 8.00% on savings accounts. What is the effective annual rate if interest is compounded semi-annually?Percentage Ro

und to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))
Business
1 answer:
Alex_Xolod [135]3 years ago
8 0

Answer:

Effective Annual Rate  = 8.1600%

Explanation:

The effective annual rate the interest rate that is adjusted for compounding over a given period of time. It is given by the formula:

r = (1+\frac{i}{n})^n -1\\where:\\r = effective\ annual\ rate\\i = nominal\ interest\ rate\ = 8.00\% = 0.08 \\n = number\ of\ compounding\ periods\ per\ year\ = 2\ (semi-annually)

r = (1+\frac{0.08}{2})^2 -1\\r = (1\ +\ 0.04)^2 - 1\\r = (1.04)^2 - 1\\r = 1.0816 - 1\\r = 0.0816\\r = 8.1600 \%

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Which option best describes a trustworthy person? A. a dependable person B. an honest person C. a person who has never harmed ot
gladu [14]

Answer:

A.

Explanation:

A trustworthy person is one who can be relied on and be trusted by other people in many things such as keeping secret, helping people, etc. This requires many characteristics such as honesty, positiveness or being considerate, kind and compassionate.

Although honesty is one characteristic needed to be a trustworthy person, this is not enough for being considered trustworthy, so that B is eliminated.

Similarly, a person who has never harmed others is the kind one. This answer is also not enough to describe a trustworthy person.

The last answer has totally different meaning from a trustworthy person. Sharing values just help make people in a relationship understand each other, does not mean reliable.

3 0
2 years ago
Read 2 more answers
Chris would like to conduct a study on the effectiveness of a new substance-abuse treatment program. He has a sample of particip
Agata [3.3K]

Answer:

The correct answer is letter "A": nonequivalent group.

Explanation:

While conducting studies, nonequivalent groups are those where the target audience is not selected randomly. Instead, the participants are chosen generating another group represented by all those individuals who match the research criteria but, because of a reason, were not selected.

<em>There are different types of nonequivalent groups such as posttest only nonequivalent groups or pretest-posttest nonequivalent groups, for instance.</em>

7 0
3 years ago
At the beginning of the current year, Snell Co. total assets were $264,000 and its total liabilities were $182,200. During the y
larisa [96]

Answer:

The company's debt ratio at the end of the current year is 66%

Explanation:

For computing the debt ratio, we need to apply the formula which is shown below:

Debt ratio = (Total liabilities) ÷ (total assets) × 100

                = ($182,200 ÷ $276,000) × 100

                = 66%

The other information which are given in the question is of no use. That's why we do not consider it. Hence, ignored it.  

7 0
3 years ago
A monopoly is considering selling several units of a homogeneous product as a single package. a typical consumer's demand for th
just olya [345]

Answer:

A. 15 units

B. $130

Explanation:

In order to solve this, we need to use the profit maximization condition for monopoly.

MR = MC will give us the optimal quantity and price for the monopolist.

The consumer's demand for the product is:

Qd = 80 - 0.5P

Therefore, we have:

P = (80 / 0.5) - (Qd / 0.5)

P = 160 - 2Qd

Recall that, Total Revenue:

TR = P * Q

So, in this case TR = 160Q - 2Q^2

MR = d(TR) / dQ = 160 - 4Q

Now, MR = MC

160 - 4Q = 100

4Q = 160 - 100

4Q = 60

Q = 60 / 4

Q = 15 units.

Now, P =160 - 2Q

P = 160 - 2(15)

P = 160 - 30 = 130

The optimal number of units to be placed in a package will therefore be 15 units while the firm should charge $130 for this package.

7 0
3 years ago
Otto and Monica are married taxpayers who file a joint tax return. For the current tax year, they have AGI of $99,600. They have
trapecia [35]

Answer: $129480

Explanation:

Based on the information given, the amount of their AMTI will be calculated as:

AGI = $99600

Add: Excess Depreciation on Real Estate = $59760

Less: Mortgage Interest Expenses = $19920

Less : Charitable Contribution = $9960

AMTI = $129480

7 0
2 years ago
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