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
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 \%

You might be interested in
Patrick and Kathy bought a home for $250,000 three years ago and sold it this year for $225,000. What is the deduction they can
Diano4ka-milaya [45]

The amount they can take as deduction for the loss on the sale of their home is; $0.

<h3>How much can they take as deduction for the loss on the sale?</h3>

It follows that deductions can only be taken on losses incurred on the sale of property used for business or investment purposes.

Hence, since the item sold is their personal home, it follows that they cannot take any deduction on the loss on the sale.

Read more on sale deduction;

brainly.com/question/22525377

#SPJ1

6 0
3 years ago
The practice of setting price by increasing the marginal cost of production by some percentage is referred to as: Group of answe
Mekhanik [1.2K]

Answer:

markup pricing.

Explanation:

Markup pricing can be regarded as cost-plus pricing which is pricing strategy that involves addition of cost of the products as well as percentage of the cost of product as a markup to calculate the price of a product/service.the company decides

percentage or markup . It should be noted that The practice of setting price by increasing the marginal cost of production by some percentage is referred to markup pricing.

5 0
3 years ago
Teams, whose members share egalitarian values, or a desire to create a shared sense of members, develop ________ interdependent
IrinaVladis [17]

Answer:

The answer is: A) High ; Low

Explanation:

A high interdependence group is usually referred to a "Team". Each member has a task to do and his/her performance is very dependent on the tasks other team members are doing.

The term "Team" is used to exemplify groups within an organization as sports.

On the other hand, groups that only value its members personal merits and achievements develop low interdependence between members. Some professions are known for following this type of approach, i.e. accountants.

4 0
4 years ago
6. When you find income elasticity of demand, you can determine whether the goods are normal or inferior based on whether your a
Rama09 [41]

Explanation:

Normal goods are the whose demand decreases with increase in price whereas in economics inferior goods are those whose demand decreases with increase in people's income.

Normal goods have a positive income elasticity of demand; as incomes rise, more goods are demanded at each price level.Inferior goods have a negative income elasticity of demand; as consumers' income rises, they buy fewer inferior goods.

5 0
3 years ago
When conducting a SWOT analysis, information about turnover, profit margins, and staff quality can be used to identify:
Alex17521 [72]

When conducting a SWOT analysis, information about turnover, profit margins, and staff quality can be used to identify company strengths and weaknesses. By conducting a SWOT analysis, a company is able to find out valuable information about how their company is conducting business, future plans, and how they compare to others within the same market. Identifying your strengths and weaknesses is important in achieving success. When you know your strengths, it allows you to set your company apart from others and when you know your weaknesses, you can work on improving them.

4 0
3 years ago
Other questions:
  • Sending e-mail marketing messages is typically less costly than sending direct mail marketing messages.
    12·1 answer
  • Savings for You, a discount retail chain, is highly competitive. When entering a new market, Savings for You often cuts prices s
    15·1 answer
  • A newspaper article announced that Connect Wireless, the sixth-largest wireless carrier in a country, was changing its name to M
    15·1 answer
  • Changes in board of director configurations over time indicate that currently boards are dominated by outsiders (with over 84 pe
    13·1 answer
  • You are CEO of Rivet​ Networks, maker of​ ultra-high performance network cards for gaming​ computers, and you are considering wh
    9·1 answer
  • Judy's Boutique just paid an annual dividend of $1.48 on its common stock and increases its dividend by 2.2 percent annually. Wh
    15·1 answer
  • Quisco Systems has 6.5 million shares outstanding and a share price of $18. Quisco is considering developing a new networking pr
    11·1 answer
  • Randi Wood wants to become the best manager in the firm. She takes every available opportunity to learn new skills and improve h
    9·1 answer
  • Margerit is reviewing a project with projected sales of 1,500 units a year, a cashflow of $40 a unit and a three-year project li
    13·1 answer
  • Define national security​
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!