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3 years ago

A _____ savings account pays interest and allows for a regular deposits and withdrawals

Business

1 answer:

lisov135 [29]3 years ago

7 0

Answer:

<em>Regular savings account </em>

Explanation:

<em>One requires to commit small amounts of income each month on a regular savings account.</em>

In exchange for providing your savings provider a fixed level of income every month, they normally pay you a higher rate of return than, for instance, if you invest a lump sum in a cash ISA or easy access account.

However, the best regular savings rates also exceed the prices on the longer fixed-rate offers offered.

This type of account has rigorous terms of service that may cause you to lose your competitive rate if you fail to adhere to them.

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Students who participated in the science fair were ranked by category and received first-, second-, and third-place ribbons. thi

Nataliya [291]

I don't get the question

6 0

4 years ago

You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangement

rodikova [14]

Answer:

The correct answer for 1st option is $158,206.95 and for 2nd option is $157,733.11.

Explanation:

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

1st option

Payment ( PMT ) = $85,000

Interest rate (I) = 7%

Time (N) = 2 years

So, the effective rate of interest can be calculated as :

R = $((\frac{1+\frac{7}{100} }{12})^{12} -1)$

R = 7.2290%

Present value can be calculated by using following formula:

P = PMT x (((1-(1 + r) ^- n)) / i)

Hence, present value of 1st option can be calculated as:

PV = 85000×((1-(1 + 7.229%) ^- 2) / 7%)

PV = $158,206.95

Now, present value of 2nd option can be calculated as:

Payment = $74,000

Bonus = $20,000

So, PV = 74000×((1-(1 + 7.229%) ^- 2) / 7%)

PV = 137,733.11

Bonus (add) = $20,000

Total PV = $157,733.11

Hence, the present value for 1st option is $158,206.95 and for 2nd option is $157,733.11.

4 0

4 years ago

The market demand for singing dolls is initially made up of 50 buyers. suppose there is a decrease in the number of buyers by 10

Setler79 [48]

I guess the correct answer is the quantity supplied to decrease.

The market demand for singing dolls is initially made up of 50 buyers. Suppose there is a decrease in the number of buyers by 10. Holding everything else constant, one would expect the quantity supplied to decrease.

8 0

4 years ago

Provide 8 factors that impede business ability of Africans

Sloan [31]

The factors that impede business ability of African can be liken to trade barriers experienced in African region.

Many potential entrepreneur have been discouraged from starting their enterprises because of various business impediment.

The factors that impede the business ability includes:

Lack of good road route to deliver goods.
High tax rate for local produced goods.
Very high rate of import duties.
Corruptions among officers with key position
Lack of support for Small & medium enterprises (SME)
Inaccessibility to finance for the business such as loan.
Unfavorable government policy or regulation on business corporation