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son4ous [18]
2 years ago
10

What is the simple interest earned on $2200 at a 4.6% interest rate for 3 years? Round your answer to the nearest cent

Business
1 answer:
Vlad1618 [11]2 years ago
5 0
It would be $303.60 simple interest earned
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Suppose that the spot price of the euro is currently $1.30. The 1-year futures price is $1.35. Is the interest rate higher in th
valkas [14]

Answer:

The interest rate is higher in the US.

Explanation:

The forward price is calculated using the following formula,

F= S ( 1+Rd / 1+Rf)^t

where,

  • F = Forward rate
  • S = Spot rate
  • Rd = Nominal interest rate in domestic market
  • Rf = Nominal interest rate in foreign market
  • t = time in years

We consider that the domestic market is the US and the domestic currency is the USD. Thus, it is a direct quote where 1 EUR = 1.3 USD

The forward price ER is more than the Sport ER only when the interest rate in domestic market is more than the interest rate in foreign market and as a result, the value of domestic currency against a foreign currency in the forward market depreciates.

We can see this by the following example,

Say Spot rate is $1.3 per 1 EUR and the interest rate in US is 10% while that in Euro zone is 5%. When we calculate the forward ER we will see that 1 EUR will buy us more USD in forward (more than 1.3 USD)

F= 1.3 * (1.1 / 1.05)^1   => $1.362 PER 1EUR

3 0
2 years ago
On behalf of your civic organization, you are inviting a motivational speaker to your semiannual meeting. In your request you gu
masha68 [24]

Answer:

indirect benefits

Explanation:

Based on the information provided within the question it seems that both an enthusiastic audience and a positive impact on the community emphasize indirect benefits to the motivational speaker. This refers to benefits that may not be visualized but are still achieved or gained. Enthusiastic audience may or may not be visualized depending on the situation and the speaker's ability to distinguish enthusiasm from other emotions but both that and the positive impact are being guaranteed by the civic organization to achieved by the motivational speaker.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
2 years ago
Tom produces commemorative t-shirts in a competitive market. if tom decides to decrease his output, this will
wolverine [178]

In a competitive market, a large number of producers compete with each other to satisfy the needs of their consumers. In here, no one or group of producers can dictate the price.  <span>They have only one major decision to make—and that is, what quantity to produce.  Therefore, when Tom decided to produce commemorative t-shirts, and decrease his output, This decision did not increase his revenue, since did not lead to higher market price nor the competitors will decrease their output. </span><span> The answer is C. decrease his revenue, for price remains the same.</span>

6 0
3 years ago
Read 2 more answers
Identifying effects of transactions using the accounting equation LO PI
Luda [366]

Answer:

A. Asset as cash will increase by $59,000, asset in equipment will increase $14,000

B. Asset side in increased and decreased

C. Asset and liability will increase by $11,000

D. Asset will increase

E. Asset will increase

F. Asset will increase and decrease by $5,800

G. Asset will decrease

H. Asset will increase

I. Liability will decrease

J. Asset and capital will decrease by $1,200

Explanation:

Accounting equation is Asset = Liabilities + Capital

Accounting equation is affected in business transaction. The transaction in business have different effects some transaction are like hybrid which impacts the multiple accounts balances. There are some transactions which just involve asset side transaction increase and decrease on the same account this will offset the balance and no effect on equation.

5 0
2 years ago
A negotiation support system provides support to the negotiation process by ________.
Natali [406]
Negotiation process is the process by which two or more parties meet to try to reach an agreement regarding conflicting interests.The goal of this process is to <span>reach a settlement that benefits all parties.</span>
A negotiation support system provides support to the negotiation process by increasing the likelihood that an agreement is reached when a zone of agreement exists.
6 0
3 years ago
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