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
Fed [463]
3 years ago
5

Assume Brad has a choice between two deposit accounts. Account WH has an annual percentage rate of​ 7.35% with interest compound

ed continuously. Account MW has an annual percentage rate of​ 7.45% with interest compounded monthly. Which account provides the highest effective annual​ return?
Business
1 answer:
inessss [21]3 years ago
8 0

Answer: Account MW which compounds monthly provides a higher effective rate at 7.71%

Explanation:

Use the Effective Interest rate formula to see which offers the higher return.

Account WH;

Compounded continuously;

= e^(interest rate) - 1

= e^7.35% - 1

= 7.63%

Account MW

Compounded per month

= (( 1 + interest / compounding period) ^ period) - 1

=  (( 1 + 7.45%/12) ^ 12) -1

= 7.71%

You might be interested in
Which of the following forms of co-ownership, historically used for apartment buildings, is not considered a form of true direct
barxatty [35]

Answer:

The correct answer is letter "A": Cooperative.

Explanation:

Cooperatives or co-ops are not real state ownerships but imply being in charge of a property under a lease agreement. Similar to condominiums, individuals can live in an apartment that belongs to an owner that in co-ops are companies. The tenant purchases stocks of the company becoming a stakeholder and in return, the company provides the tenant an apartment with a lease agreement for the possession of the property.

7 0
3 years ago
During the recent​ recession, several European countries proposed austerity measures that would help shrink the size of the nati
antiseptic1488 [7]

Answer: Option A

Explanation:

In Europe during the recession the policy rate of the banks like LIBOR and EURIBOR etc were already very close to zero so unlike United states of america they were not able to decrease the rate further. The monetary policy of Europian banks and authorities saw a major failure in that period.

7 0
4 years ago
What is a benefit of obtaining a personal loan?
tester [92]
A.
getting money with special repayment terms
6 0
3 years ago
The two cofounders of Impact Technology, a data-storage firm in Research Triangle Park, North Carolina, were feuding with each o
Sergio039 [100]

Answer:

Organizational Behavior Specialist

Explanation:

Based on the information provided within the question in regards to the situation, it seems that they should get an Organizational Behavior Specialist to work with the warring executives separately to solve the problem. These specialists analyze, assess, and provide advise to the company on how to solve a problem or improve performance and efficiency within the company.

If you have anymore questions feel free to ask at Brainly

7 0
3 years ago
Mitchell Corporation bought equipment on January 1, 2017. The equipment cost $300,000 and had an expected salvage value of $50,0
docker41 [41]

Answer:

$250,000

Explanation:

The depreciable cost of the equipment is the amount that will be used to provide for depreciation on the asset also known as Depreciable Amount.

<em>Depreciable Cost = Cost - Salvage Value</em>

therefore,

Depreciable Cost = $300,000 - $50,000 = $250,000

8 0
3 years ago
Other questions:
  • Suppose there is an ordinary deductible of $40 and the maximum payment by the insurer is $130. Determine the standard deviation
    6·1 answer
  • In the PACED decision-making tool, what does "A" stand for? A. Additional B. Assessment C. Add D. Alternatives
    14·1 answer
  • I need help with this career awareness day crossword puzzle thing, please help best you can
    11·1 answer
  • An organization of atheists sues the city of lakeville for its annual holiday display. each year, the display is in a public par
    6·1 answer
  • The Bureau of Labor Statistics has found that the base-year expenditures of the typical consumer break down as follows:
    9·1 answer
  • "The process through which consumers receive stimulation, transform it into meaningful information, store the information in mem
    12·1 answer
  • CORRECT PENN FOSTER ANSWER ONLY PLEASE
    11·1 answer
  • With bad credit you are more dependent on others which statement is correct? O A Bad credit means you have more options on place
    5·1 answer
  • Corina has added animations to objects on a particular slide within a presentation. She needs to reorder the animations. How sho
    8·1 answer
  • What is the price and quantity for this natural monopolist under fair return pricing?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!