Answer:
The first five terms of the sequence are:
First year: $3270.00
Second year: $3564.30
Third year: $3885.09
Fourth year: $4234.75
Fifth year: $4615.87
Explanation:
When we're dealing with compound interest rates we're dealing with interests being re-invested into the original investment. This means that the new interests of one period will bear interests in the next period. This can be simply calculated using the compound interest formula.
The formula for compound interest rates is 
Where:
<em>P</em> is the principal amount being invested,
<em>i</em> is the interest rate,
<em>n</em> is the number of years.
So for the first year we replace in the formula with the given values:
3000 × 
= $3270
And for the rest of the years we only need to modify the value of <em>n</em>.
For the second year we'd have:
3000 × 
= $3564.3
And so on.
Answer:
-$15.347
Explanation:
Calculation for What is this bank's net noninterest income
Using this formula
Net noninterest income=Total noninterest income+(Total noninterest expenses+Loan losses)
Let plug in the formula
Net noninterest income=$10.077-($23.858+$1.566,)
Net noninterest income=$10.077-$25.424
Net noninterest income=-$15.347
Therefore the bank's net noninterest income will be -$15.347
Answer: centralized organization
Explanation:
Since Jonah makes almost all business and design/technical decisions, then the business is a centralized organization.
A centralized organization simply refers to an organization whereby the decisions are handled at the top level. In this case, since Jonah owns the company, he handles every decision, therefore it's a centralized organization as it's hierarchical.
Answer:
1. low- involvement decisions may sometimes enable consumers to skip steps in the consumer decision making process.
Explanation:
Consumer decision making process includes all the steps between consumer's generation of needs/wants and final purchase of the product.
The process comprises of below mentioned 5 stages:
- Need recognition : whereby a need is generated
- Search for information so as to identify products satisfying such needs
- Evaluation of all available alternatives i.e assessment of all available products satisfying a need and selecting the best alternative.
- Purchases , the stage wherein the consumer buys the selected product.
- Post purchase evaluation, i.e the stage when consumer evaluates whether he made the right purchase decision.
In the given case, the consumer realized that he hadn't eaten at all during the day and thus instantly stopped at a restaurant, made a regular purchase of a burger without caring for the menu or set of other available alternatives.
Here, the investment decision related to a meal, being a low cost decision and occurring in a famished state. So consumers while making such low cost decisions may not find going through the menu and spending much time in deciding as worthwhile and in short will likely skip steps in the consumer decision making process.
