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
Pani-rosa [81]
3 years ago
13

16. Suppose you decided to place $2,500 in a savings account at First Foremost Savings and Loan. If the account pays 7% compound

ed continuously, how much money will you have in the account after 15 years
Business
1 answer:
nlexa [21]3 years ago
3 0

Answer:

Final Value= $7,144.13

Explanation:

Giving the following information:

Suppose you decided to place $2,500 in a savings account at First Foremost Savings and Loan. The account pays 7% compounded continuously.

Number of years= 15

<u>Because it is compound continuously, we need to use the mathematical constant e.</u>

To calculate the final value, we need to use the following formula:

FV= PV*[e^(i*n)]

FV= 2,500*[e^(0.07*15)]

FV= 2,500*(e^1.05)

FV= $7,144.13

You might be interested in
A symmetric, bell-shaped frequency distribution that is completely defined by its mean and standard deviation is the _____ distr
crimeas [40]

A symmetric, bell-shaped frequency distribution that is completely defined by its mean and standard deviation is the<u> normal distribution.</u>

A symmetrical distribution about the mean, such as the normal or Gaussian distribution, indicates that data points closer to the mean occur more frequently than data points further from the mean.

The normal distribution is represented graphically by a bell curve. A bell curve of probabilities is more properly known as the normal distribution. The standard deviation is one and the mean is zero in a normal distribution. Its kurtosis is 3, and its skewness is 0. Not all symmetrical distributions are normal, but all normal distributions are symmetrical. The normal distribution can be thought of as a rough approximation of many naturally occurring events. However, most price distributions in finance are not normally distributed.

<u></u>

To know more about normal distribution refer to:

brainly.com/question/14725173

#SPJ4

6 0
1 year ago
A computer accessory salesman attempts to convince you to purchase a "solar neutrino" shield for your new computer. (It's even "
Margaret [11]

Answer:

Because neutrinos rarely, if ever, interact with my computer.

Explanation:

A computer accessory salesman attempts to convince me to purchase a "solar neutrino" shield for my new computer. (It's even "on-sale" !) I turn down this excellent offer <u>because neutrinos rarely, if ever, interact with my computer.</u><u> </u>Lack of any links to stuff, neutrinos remain extraordinarily unfriendly. They simply don't desire to communicate with anything in today's material world. To neutrinos, the Sun is translucent, and huge numbers of them walk away into all ways of space at approximately the pace concerning light.

4 0
3 years ago
_____ advertising is done by local merchants to encourage consumers to shop at a specific store, use a local service, or patroni
ololo11 [35]

Answer:

The correct answer is letter "D": Retail.

Explanation:

Retail advertising is developed by retailers to attract consumers to their local stores. This type of marketing may not be necessarily focused on the product features but how they are sold, meaning in bundles or at discount. It is the final merchandising made to products before they reach end-consumers.

8 0
3 years ago
Your friend wants to open a clothing shop. A necessary capital resource is a
saw5 [17]

Answer: Your friend wants to open a clothing shop. A necessary capital resource is a <u>place to open the shop.</u>

Explanation: Capital is the element constituted by money and infrastructure, which are needed to take advantage of human and natural resources in the productive process, considered as essential by the capitalists, since without money and other economic resources, companies cannot settle and industries, because they need it to have facilities, furniture, machinery, buy raw materials, pay staff, and so on.

6 0
3 years ago
According to Parsons (1998) there are numerous reasons it is important to measure procedural acceptability when determining whic
Bezzdna [24]

Answer:

The option that does not apply to Parsons (1998)  procedural acceptability measure when determining which methods to use to deliver performance feedback to staff is option A). Client treatment acceptability is directly related to procedural acceptability of supervisor feedback to staff.

Explanation:

The study of organizational behavior gives insight on how employees behave and perform in the workplace. It helps us develop an understanding of the aspects that can motivate employees, increase their performance, and help organizations establish a strong and trusting relationship with their employees

OBM can be seen as the intersection between behavioral science and improvement in organizational environments.

According to Parsons (1998) there are numerous reasons it is important to measure procedural acceptability when determining which methods to use to deliver performance feedback to staff such as Staff motivation being impacted if a management practice has low procedural acceptability.

However, Client treatment acceptability is not directly related to procedural acceptability of supervisor feedback to staff.

8 0
3 years ago
Other questions:
  • Which of the following are considered in determining a fair and reasonable price in a municipal agency transaction?
    13·1 answer
  • You put up $40 at the beginning of the year for an investment. The value of the investment grows 5% and you earn a dividend of $
    14·1 answer
  • Instructions: Answer each question in complete sa
    13·1 answer
  • An example of fast tracking a project schedule would be to overlap the design and production phases for a design-to-production p
    14·2 answers
  • Which two advantages do renters have that home buyers don’t have?
    7·1 answer
  • One thing in life we cannot control is nature. What would your organization do if there was a natural disaster that destroyed el
    14·1 answer
  • Pam always drives under the speed limit to her risk and keep insurance costs down. Even so, she got into an accident and filed a
    5·1 answer
  • A company had the following items and amounts in its unadjusted trial balance as of December 31 of the current year: (3 points)
    6·1 answer
  • If a company is pursuing a strategy to differentiate its branded footwear from the offerings of rival companies, its managers sh
    9·1 answer
  • madd, aa, and sadd are examples of: a. workplace-based drug education programs. b. voluntary health agencies. c. state education
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!