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
kati45 [8]
3 years ago
11

Carly deposited $800 in an account that earns 6% compounded annually. Lara deposited $800 in an account that earns 6% simple int

erest. How much will each girl have in their account at the end of 10 years if they make no withdrawals or deposits?
Business
1 answer:
LiRa [457]3 years ago
7 0

Answer:

Carly will have $1,433 in her account at the end of 10 years.

Lara will have $1,280 in her account at the end of 10 years.

Explanation:

Simpe interest pays the simple trust on the principal amount. There is no reinvestment of interest.

In compounded Interest the Interest earned from the investment is reinvested and again interest on principal and interest amount reinvested is earned.

Carly Deposit balance

Principal amount = $800

Blance after 10 years = $800 ( 1+ 6% )^10 = $800 x 1.791 = $1,433

Lara Deposit balance

Principal amount = $800

Amount of Interest for 10 years = 800 x 6% x 10 = $480

Blance after 10 years = $800 + $480 = $1,280

You might be interested in
Cragmont has beginning equity of $277,000, net income of $63,000, withdrawals of $25,000 and no additional investments by owners
Andrew [12]
<span>The ending equity is $315,000 This is just a matter of adding income and subtracting withdraws. So let's do it. "Cragmont has beginning equity of $277,000," x = $277000 "net income of $63,000" x = $277000 + $63000 = $340000 "withdrawals of $25,000" x = $340000 - $25000 = $315000</span>
3 0
3 years ago
Mark is the manager of an american company. he expects the value of the british pound to appreciate in the near future. hence, h
Paladinen [302]
<span>Mark is using what is called a lag strategy. A lag strategy can be used when there is an intended change in payment in a foreign transaction. This usually occurs when there is an expected change occurring in exchange rates. The lag occurs when the transaction is delayed, which is what Mark is attempting to do here.</span>
3 0
3 years ago
Which of the quadrants in the service process matrix has high labor intensity and high​ customization?A.service factoryB.profess
Lynna [10]

B. Professional Service

The service process matrix rates services from low to high on labor intensity and on customization. Professional services are high on both.

6 0
3 years ago
A.
sergij07 [2.7K]

Answer:

take good notes and ask good questions

Explanation:

  1. why because taking good notes help you go through back again, ask good questions keeps it in ur <em>mind</em><em>.</em><em>.</em><em>.</em><em>.</em>

8 0
2 years ago
The system of ownership of real property in the united states is what?
enot [183]
Can you re word the question please
5 0
4 years ago
Other questions:
  • A hospital performs 3 types of operations. The first type takes 30 minutes, and they charge $500 for it. The second type takes 1
    12·1 answer
  • River rock, inc. just paid an annual dividend of $2.80. the company has increased its dividend by 2.5 percent a year for the pas
    11·1 answer
  • As a company grows, it may become necessary for it to create a(n) ______, which is a visual display of the organizational struct
    11·1 answer
  • Product focused processes: a) are desirable because resource needs increase slowly with the complexity of a process. b) are proc
    11·1 answer
  • Job order costing and process costing are a.cost flow systems b.inventory tracking systems c.cost accounting systems d.pricing s
    13·1 answer
  • Last week, a gift shop’s employees heard their longtime store manager announce that she is leaving. Now they’ve read an announce
    10·1 answer
  • When rent control pushes the price of apartments below the market equilibrium, then everyone who would like a rent-controlled ap
    10·2 answers
  • Monique Products, a web-based company, maintains no manufacturing facilities. As orders come in, the company contracts with othe
    10·1 answer
  • Kelsey Construction has purchased a crane that comes with a 5-year warranty. Repair costs are expected to average $5000 per year
    10·1 answer
  • Enter mia profit/loss for the 2 month
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!