The time required to get a total amount of $3,300.00 with compounded interest on a principal of $1,650.00 at an interest rate of 6.2% per year and compounded 12 times per year is 11.209 years. hence the answer is
A. 2001
<h3>Compound Interest Calculation</h3>
(about 11 years 3 months)
First, convert R as a percent to r as a decimal
r = R/100
r = 6.2/100
r = 0.062 per year,
Then, solve the equation for t
t = ln(A/P) / n[ln(1 + r/n)]
t = ln(3,300.00/1,650.00) / ( 12 × [ln(1 + 0.062/12)] )
t = ln(3,300.00/1,650.00) / ( 12 × [ln(1 + 0.0051666666666667)] )
t = 11.209 years
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Answer:
B. This prospect can be called by the registered representative.
Explanation:
A registered representative may be defined as a person working for a client facing financial firm like the brokerage firm and he acts as the representative for the clients who are trading the investment products as well as securities.
In the context, the prospect can be called by the registered representative. But there are three exceptions that are provided for the cold calls to any individual who are on the national Do not call list :
--- Established business relationship exception.
--- Prior express written consent exception
--- Personal relationship with the associated person exception.
Therefore, option (B) is correct.
In my opinion or answer, I think it would be A, because if a car company charges a high price for a new model of a minivan... not much people with enough money would be able to buy or people would think it’s too expensive for a new model... but I also have a feeling for D.
And if a publisher printed more copies than usual, he’ll have to pay for those extra papers and all the important (I think)? Then the author/publisher will have to make the book more expensive to make an effort in the money...
If a clothing store puts bathing suits before summer ends, some people may buy it but some people won’t. Though...it might make an effort to get rid of them, or possibly the company could sell them to another company tbh, not sure.
The correct answer for the question is (D) he should enroll in a bachelor’s degree program at a university and seek an apprenticeship with someone in the field.
Nicholas needs to do this since to get a job as a Probation Officer, he needs to at least have a Bachelor’s degree in sociology, psychology, or criminal justice. After attaining any of these qualifications, he can seek apprenticeship before finally attaining a position as a Probation Officer.