Answer:
No
Explanation:
An investment that "promises" a 44 percent annual return is most likely a scam, because even the riskiest stocks rarely yield annual returns higher than 10% of the initial investment.
Besides, the option is described as very complicated, and you as a potential investor do not understand it well, which is a very difficult position to be in because it could even lead you to being scammed without realizing.
The correct answer is supercenter. Staples Inc. is an American retail company and is a supercenter.
With its corporate headquarters in Framingham, Massachusetts, Staples Inc. is an American retailer that provides goods and services that assist both learning and working. Over 1,000 Staples locations will offer same-day passport photo services in 2022, and a few will also offer TSA PreCheck enrollment.
Leo Kahn, Thomas G. Stemberg, and Myra Hart created Staples. In 1985, as Stemberg was preparing a proposal for a different company, he had the concept for Staples. He needed a ribbon for his printer but couldn't get one because his neighborhood store was closed for the Fourth of July. Because of his experience in the food industry and his aggravation with the need to rely on small shops for essential supplies, Stemberg had the idea for an office supply superstore.
Learn more about Staples here:
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AH & LA was made to focus on the needs of every segment of lodging industry.
The formula used to determine free cash flow is cash from operations minus capital expenditures.
Answer:
$14,343.25
Explanation:
First city bank pays 8% simple interest in a savings account
Second city bank pays 8% interest compounded annually
$68,000 is deposited deposited in each of the bank
The first step is to calculate the simple interesr per year of first city bank
= principal × rate
= 68,000 × 8/100
= 68,000 × 0.08
= 5,440
The interest earned for the period of 8 years can be calculated as follows.
= 5,440 × 8
= 43,520
The balance at the end of 8 years can be calculated as follows
= 68,000 + 43,520
= 111,520
The next step is to calculate the future value of second city bank
= principal × (1+R)^n
= 68,000 × (1+8%)^8
= 68,000 × (1+0.08)^8
= 68,000 × 1.08^8
= 68,000 × 1.85093021
= 125,863.25
Therefore the amount of money earned from second city bank at the end of 8 years can be calculated as follows
= 125,863.25-111,520
= 14343.25
Hence the money that was earned from second city bank at the end of 8 years is $14,343.25
