Answer:
Altogether, there is $824,900 recieved!
Explanation:
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Answer:
a. What would be the value of a savings account started with $700, earning 4 percent (compounded annually) after 10 years?
$700 * 1.480 = $1,036.00
b. Brenda Young desires to have $15,000 eight years from now for her daughter’s college fund. If she will earn 6 percent (compounded annually) on her money, what amount should she deposit now? Use the present value of a single amount calculation.
$15,000 * 0.627 = $9,405
c. What amount would you have if you deposited $1,800 a year for 30 years at 8 percent (compounded annually)?
$1,800 * 113.28 = $203,904
Answer:
The APY is 14.9%
Explanation:
To find the annual percentage yield we need to compute the effective annual rate of interest.
The Effective annual rate of return(EAR) is the equivalent rate to be paid where compounding is done frequently at period or interval less than a year.
Compounding implies the regular interval when interest is always computed; in this scenario, it is monthly.
The EAR can be worked out as follows
EAR = ( (1+r)^m - 1 ) × 100
r- interest rate per period
m- number of periods in a year
EAR - Effective annual rate
r = 3.5%/3 = 1.167
% per month
m= number of months in a year = 12
EAR =( 1.01167^12-1)× 100 = 14.9%
The APY is 14.9%
This implies the quoted interest rate of 3.5% per quarter is the same as paying 14.9% per year
Answer:
Explanation:
"El comercio internacional de mascotas exóticas es un factor importante y creciente de la pérdida de biodiversidad y, a menudo, compromete los estándares requeridos para un buen bienestar animal; una quinta parte de los informes recientes sobre el comercio de vida silvestre se debió a la demanda de mascotas o animales para su uso en entretenimiento; cosecha insostenible de animales salvajes
