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
gladu [14]
3 years ago
13

you currently have $5600. First united bank will pay you an annual interest rate of 9.1, while second national bank will pay you

an annual interest rate of 10.2. How many fewer years must you wait for your account value to grow to $15,700 at second national bank?
Business
1 answer:
DanielleElmas [232]3 years ago
5 0

Answer:

1.22 years

Explanation:

The formula for calculating number of years:

FV  / PV = (1 + r)^ n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

at the first bank

$15700 / $5600 = (1.091)^n

2.80 =  (1.091)^n

n = In 2.8 / In 1.091

to find n, take the IN of both sides

1.029619 / 0.08709 = 11.82 years

at the second bank

$15700 / $5600 = (1.091)^n

2.80 =  (1.102)^n

n = n = In 2.8 / In 1.102

= 10.6 years

11.82 - 10.6  = 1.22 years

You might be interested in
A stock's price fluctuations are approximately normally distributed with a mean of $104.50 and a standard deviation of $23.62. Y
denpristay [2]

Answer:

$ 74.23

Explanation:

We are given the following:

mean, μ = $ 104.50

standard deviation, σ = $ 23.62

Using the z-score table, we have

P(Z < z) = 10%  (since we are evaluating lowest 10% of values)

hence P(Z < z) = 0.10

P(Z < -1.282 ) = 0.10

z = -1.282  (this evaluates to 0.1 on the z-score table)

Using z-score formula,

x = z *σ + μ

substituting the values,

x =- - 1.282 * 23.62 + 104.50

= 74.23

The most for the stock is $ 74.23

6 0
3 years ago
A project manager may also be the project champion. true
KiRa [710]

The statement is true. A project manager may "also" be the project champion. But it is not mandatory. But there are possibilities that the project manager is also an expert the in project he is handling. Thus, the above statement is true. If the statement would have been - The project manager will be or needs to be the project champion, then it would be false statement.

6 0
3 years ago
The law of diminishing marginal utility states that the: Multiple choice question. marginal utility associated with the consumpt
Drupady [299]

The law of diminishing marginal utility states that as more units of a good are consumed, the marginal utility from the consumption of the next unit becomes lesser. John's total utility from the consumption of two ice creams is 10, and his total utility from the consumption of three ice creams is 9.7.

<h3>What does the law of diminishing marginal utility State?</h3>
  • According to the law of declining marginal utility, when consumption rises, the marginal utility gained from each extra unit decreases, all other things being equal.
  • The incremental improvement in utility brought on by consuming one more unit is known as marginal utility.

<h3>Which law does the law of diminishing marginal utility affect?</h3>
  • According to the law of diminishing marginal utility, a good or service's marginal utility decreases the more of it is used by a person.
  • Consuming increasing quantities of a good gives economic actors less and less pleasure.

<h3>What is law of diminishing marginal returns?</h3>
  • According to the law of declining marginal returns, increasing the number of production factors leads to lesser increases in output.
  • The addition of any more of a production element after a certain level of capacity utilization would unavoidably result in lower per-unit incremental returns.

Learn more about diminishing marginal utility here:

brainly.com/question/13084220

#SPJ4

7 0
2 years ago
An investor owned a 100-acre parcel that contained several natural asphalt lakes. A construction company was erecting highways f
Leona [35]

Answer: Yes

Explanation:

The construction company is entitled to compensation because it has a property right to enter and remove minerals.

The investor gave the construction company the right to use the properties on the land, if anything would be done on the land, the construction company should be compensated because they bought the right to do business there. Since the owner granted them the sole right, they are entitled to the resources.

7 0
3 years ago
Which of the following is NOT one of the three big categories for periodic evaluations:
Lilit [14]

The category that does not belong to the periodic evaluation is Change Analysis.

Option D is the correct answer.

<h3>What is a periodic evaluation?</h3>

Periodic evaluation is a technique that is totally developmental in nature and disregards the formal advice relating to tenure, retention, or promotion of employees.

Periodic evaluation has three broad categories namely, hazard analysis, safety, and health-related inspections, and evaluation relating to personal protective equipment (PPE).

Therefore, out of the provided options, Change analysis is not considered a category for periodic evaluation.

Learn more about the periodic evaluation. in the related link;

brainly.com/question/17095233

#SPJ1

4 0
2 years ago
Other questions:
  • Horace is trying to start a business. He knows several accredited investors who he knows will help him jumpstart his business. W
    9·1 answer
  • A stock market is a public market for trading a company's stocks and derivatives. The bid-ask spread in a dealer market represen
    5·1 answer
  • Powers Company reported net sales of $1,250,000, average Accounts Receivable, net of $73,500, and net income of $53,150. The acc
    6·1 answer
  • The Notarial Evidence Form is completed by
    15·2 answers
  • When cash sales and bankcard sales transactions are recorded in the cash receipts journal, a check mark is placed in the Posting
    7·1 answer
  • What is a company's market share?
    12·2 answers
  • Hunter Company reported a net loss of $12,000 for the year ended December 31, 2017. During the year, accounts receivable decreas
    11·1 answer
  • The alfredo pasta sells 296 units per week at $13 per plate. The eggplant parmesan sells 323 units at $10 per plate. Which has t
    9·1 answer
  • Need help ASAP!
    6·2 answers
  • Which of the following is an investigator’s commitment to the sponsor?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!