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Sati [7]
2 years ago
13

The apr of deloris' savings account is 3.8%, and interest is compounded semiannually. if the principal in deloris' savings accou

nt were $13,700 for an entire year, what would be the balance of her account after all the interest is paid for the year?
Business
2 answers:
SashulF [63]2 years ago
5 0

Answer:

Deloris' account balance would be $14,225.55 after one year.

Explanation:

The formula FV=PV(1+\frac{r}{n})^{nt} is used to find compound interest.

FV = result or final amount

PV = starting or principal amount

r = annual interest rate (as a fraction)

n = number of compounds a year (semiannually is 2, quarterly is 4...)

t = number of years

Now we can plug and solve:

FV=13,700(1+\frac{0.038}{2})^{2(1)} = 13,700(1+0.019)^2 = 13,700(1.019)^2 = 13,700(1.038361)

= $14,225.55

Alex Ar [27]2 years ago
3 0
The future value of the balance in a savings account, PV, with an apr of r% compounded t times a year for n years is given by:

FV=PV\left(1+ \frac{r}{t} \right)^{nt}

Given that t<span>he apr of deloris' savings account is 3.8%, and interest is compounded semiannually. if the principal in deloris' savings account were $13,700 for an entire year, the balance of her account after all the interest is paid for the year is given by

FV=13,700\left(1+ \frac{0.038}{12} \right)^{12\times1} \\  \\ 13,700(1+ 0.0032)^{12}=13,700(1.0032)^{12} \\  \\ 13,700(1.0387)=\bold{\$14,229.76}</span>
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Some of the mistakes that we made are:
- Getting loans unthoughtully
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8 0
3 years ago
Read 2 more answers
Trust based on a person's competence would be summarized by this team member's affectionate statement towards another team membe
Maslowich

Answer:

The correct answer is:

I trust you to be able to accomplish this task (C)

Explanation:

First of all, you have to know the meaning of the word competence, and competence is a collection of related relevant abilities, know-how and skills required to act effectively on a job or situation. Which is a clear message passed by the speaker in the statement "I trust you to be able to accomplish this task", because the speaker knows that his team member possesses the right skills to carry out a task successfully.

The statement in option D ( "I trust you to do the right thing." ) also tells a little about competence because one of the definitions of competence highlights being sane, and one needs to be sane to do the right thing, but it is only second choice when compared to the statement in option "C".

Next time when you are faced with this kind of question, identify the keyword ( which in this case is competence), and use that to answer the question.

7 0
3 years ago
Which of the following is the most important role of marketing in the process selection decision?
IRISSAK [1]

Answer:

(C) Estimating and managing future demand.

Explanation:

Marketing is basically analyzing the demand of the consumers and then supplying it at maximum to get the maximum profit.

This involves some main steps, in which the most essential is the planning, which involves about estimating and managing the demand and then the entire plan of production, supply of commodity.

Thus, the most important step in marketing is to estimate the demand and supply, and then managing the future demand basically.

7 0
3 years ago
You have just received a windfall from an investment you made in a​ friend's business. She will be paying you $ 15 comma 555 at
Vilka [71]

Answer:

Present value = $75,379.47

Future value is $91,567.97

Explanation:

a) Present value of cash flow is calculated as:

Present\ value = \frac{(15,555}{1.067} + \frac{(31,110}{(1.067)^2}) + \frac{(46,665}{(1.067)^3})

Present value = $14578.25 + $27,325.69 + $33475.53

Present value = $75,379.47

b) Future value of windfall is calculated as

Future\ value  = present\ value \times (1-r)^n

Future\ value  = 75379 \times (1+ 0.067)^3

Future value is $91,567.97

7 0
2 years ago
Suppose that an American-made pair of blue jeans has a price of $80. If the exchange rate is $0.095 = 1 peso, then a Mexican con
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Answer:

The correct answer is 842.1 Pesos and 941.18 Pesos.

Explanation:

According to the scenario, the given data are as follows:

Price of Jeans = $80

So, if exchange rate is $0.095 = 1 pesos

Then pesos required to buy that jeans can be calculated as follows:

Pesos required = $80 ÷ $0.095

= 842.1 Pesos

And if 1 Pesos = $0.085, then

Pesos required = $80 ÷ $0.085

= 941.18 Pesos

8 0
3 years ago
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