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polet [3.4K]
3 years ago
7

A for-profit institution that works with large companies and corporations to manage deposits, loans, and investments is known as

a(n) _____.
A. savings bank
B. credit union
C. investment bank
D. commercial bank
Business
1 answer:
Alenkinab [10]3 years ago
3 0
D. Commercial bank is your answer these guys are the players who give "Small Loans of A Million Dollars Every Single... DAY" to giant corporations

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I will be your bsf (10pts)
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Miguel, a recent​ 22-year old college​ graduate, wants to retire a millionaire. How much will he need to set aside annually to a
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Answer

Miguel must set aside $62,745 annually

Explanation

N = Number of years till Miguel would retire = 43 years

FV = Future Value = $1,000,000

r = Interest rate = 10%

PMT = Annual payments (at the ending of the year) = ?? The question asks us to calculate this

We would use the future value ordinary annuity formula to calculate PMT

FV = PMT [\frac{(1+r )^{N} -1}{r} ]

1000000 = PMT [\frac{(1+0.10 )^{10} -1}{0.10} ]

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Miguel must set aside $62,745 annually

3 0
3 years ago
Which of the following are arguments in favor of active stabilization policy by the government? Check all that apply. a) Busines
lbvjy [14]

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D) Shifts in aggregate demand are often the result of waves of pessimism or optimism among consumers and businesses.

Explanation:

The Federal Reserve (FED) can respond to excessive pessimism among consumers and businesses by expanding the money supply and lowering interest rates. To deal with excessive optimism they can do the opposite, they can shrink the money supply and increase the interest rate.

4 0
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TUMI brand briefcases are very expensive, high-end briefcases that are generally sold in specialty luggage shops. Which of the f
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Answer:

B. Executives

Explanation:

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