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snow_tiger [21]
3 years ago
10

Anthony and Michelle Constantino just got married and received ​$29,000 in cash gifts for their wedding. How much will they have

on their​ twenty-fifth anniversary if they place half of this money in a​ fixed-rate investment earning 4 percent compounded annually. Would the future value be larger or smaller if the compounding period was 6​ months? How much more or less would they have earned with this shorter compounding​ period?
Business
1 answer:
bearhunter [10]3 years ago
8 0

Answer:

Future value will be larger with smaller compounding period; $373.4 more would be earned with shorter compounding period.

Explanation:

Given:

Amount to be invested = 29,000÷2 = $14,500

Duration if amount invested = 25 years

Rate = 4% or 0.04 compounded annually

Value of investment at the end of 25 years = 14,500\times(1+0.04)^{25}

                                                                         = $38,654.63

Future value if compounded annually is $38,654.63

Future value if semi-compounded annually:

Duration = 25×2 = 50 periods

Rate = 0.04÷2 = 0.02

Value of investment at the end of = 14,500\times(1+0.02)^{50}

                                                                         = $39,028.03

Future value if semi-compounded annually is $39,028.03

As such, future value is larger if compounding period was 6 months.

They would have earned $373.40 more that is (39,028.03 - 38,654.63), with shorter period.

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Which set of headings is the most helpful to a business reader who wishes to grasp the main ideas of a report quickly?
Tatiana [17]

Answer:

The correct answer is letter "C":

- Background

- Problems

- Losses

- Discussion

- Recommendations

Explanation:

Recognizing the main ideas of a report implies having a step-by-step understanding of the topic. After that, the key parts of the description must be highlighted to summarize them. Those summaries must be given a title if possible in one or a few words without making sentences out of it. Eventually, by reading the whole set of ideas anybody should be provided with a general idea of what the report is about even if they did not read it.

6 0
3 years ago
A five-year security was purchased two years ago by an investor who plans to resell it. The security will be sold by the investo
Zielflug [23.3K]

Answer:

Secondary market.

Explanation:

In this scenario, a five-year security was purchased two years ago by an investor who plans to resell it.

Hence, the security will be sold by the investor in the so-called secondary market.

When one investor sells his or her stock directly to another, the transaction is said to occur in the secondary market.

Secondary market can be defined as a market where various investors sell and buy securities from other investors.

Some examples of secondary market around the world are New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange (LSE) and National Stock Exchange (NSE).

On the other hand, the primary market refers to the market where these securities that are being sold are issued or created.

5 0
3 years ago
) Which protections exist under the Servicemembers Civil Relief Act? Check all that apply.
nexus9112 [7]

Answer:

1. Protection against default, evictions, foreclosures, and repossessions

2. Terminate residential and automobile leases due to PCS

Written and oral disclosure of terms

3. Reduce interest to 6% on certain loans and lines of credit obtained prior to entering active duty​

Explanation:

The Servicemembers Civil Relief Act (SCRA) provides financial and legal protections for active-duty service members, as well as National Guard and reserve members, and their families. This protections are:

  1. creditors reduction of interest rate on debts to 6% for liabilities obtained prior to entering active duty​
  2. Protection against default, evictions, foreclosures, and repossessions, preservice mortgage debt is valid if made during or within nine months after your service on active duty, unless carrying out a valid court order
  3. Deferment of income tax before or during military service.
  4. Protection against eviction
  5. Protection against default judgments
  6. Postponement of court proceedings if on duty
  7. Termination of automobile, residential lease and phone service  by delivering a written notice of termination.
  8. Voting rights
  9. Life insurance coverage
5 0
3 years ago
The faculty of a Midwestern business school is comprised of 33 males and 4 females. The past five candidates hired have all been
Kruka [31]

Answer:

The correct answer is letter "D": gender.

Explanation:

Diversity at the workplace refers to the different ages, gender, races, languages, ethnicity, or country of origin of the employees of an organization. Firms can take advantage of the diverse backgrounds of their workers which eventually represents part of the corporation's culture.

Thus, <em>Midwestern business school is facing a gender issue since there are 33 males but 4 females only at work and in the five past screenings the candidates hired were male-only. More females must be hired to balance the gender disequilibrium.</em>

6 0
3 years ago
A registered representative has managed the account of her client for over 10 years. The client recommends her mother to the reg
ahrayia [7]

Answer:

Aggressive growth fund is the correct answer.

Explanation:

7 0
3 years ago
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