Answer:
c. An overdraft is a fee your bank charges you for opening a checking account.
Explanation:
Checking account is a deposit account with a bank or any financial institution that allows the owner of such account to make withdrawals and deposits. They are also known as demand accounts or transactional accounts. They are very liquid and allows for countless deposits and withdrawals and can be obtained by using automated teller machines, checks and electronic debits, and a number of other methods.
A checking account is unlike other bank accounts like less liquid savings or investments account it allows for countless withdrawals and unlimited deposits, and savings accounts sometimes limit both.
The statement that an overdraft is a fee that banks charges for opening a checking account is false.
Overdraft is a form of extension of credit from a finiancial institution and often granted when an account reaches zero. it allow such account holder to continue withdrawing money even though the account has no funds or insufficient funds that would cater for and cover the amount of the withdrawal. So it is not the fee that bank charges for opening a checking account, instead what checking account offers is overdraft protection in which if a checking account owner write a check or make a purchase than the funds in the checking account, the bank may cover the difference.
To predict future sales based on patterns of historical data. Party Supply is using <u>Analytics</u>
<h3>What is analytics?</h3>
Analytics is the discipline of systematically computing data or statistics. It is employed in the search for, analysis of, and dissemination of significant data patterns. Making successful decisions also requires utilizing data patterns.
<h3>What is the best definition of analytics?</h3>
The scientific method of converting data into insights for the benefit of better decision-making is known as analytics, according to INFORMS. Analytics is a methodology that is always action-oriented.
The usage of operations, programming, and statistics are all mentioned. It also has to deal with the investigation of information that has been transformed from raw data into insight 1. The main board can make more informed choices thanks to this procedure. In fields where data collection is excessive, it is particularly helpful.
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Answer:
the resources used to create output.
Explanation:
Factors of production are the resources used to create output.
They include :
Land : land is all natural resources used in the production process.
Capital - Capital includes all man made resources used in the production process
Labor : all human effort expended in the production process
Entrepreneurship : organizes all other factors of production
Answer:
PV $402,264.7261
balance of the mortage
1-y from now $364,445.9041
2-y from now $323,601.5765
3-y from now $279,489.7026
4-y from now $231,848.8788
5-y from now $180,396.7891
6-y from now $124,828.5322
7-y from now $64,814.8148
Explanation:
We sovle for the PV of the annuity of 70,00 during 8 years discounted at 8%
C 70,000.00
time 8
rate 0.08
PV $402,264.7261
To know the value of the outstanding dbet we can repeat this formula changing the values for time
t = 7 $364,445.9041
t = 6 $323,601.5765
t = 5 $279,489.7026
t = 4 $231,848.8788
t = 3 $180,396.7891
t = 2 $124,828.5322
t = 1 $64,814.8148
Answer:
The correct answer is $1265.60.
Explanation:
According to the scenario, the given data are as follows:
Present Value (PV) = $25,000
Rate of interest = 5%
Rate of interest ( semi annual) (r) = 2.5%
Time period (semi annual) = 2
So, First we calculate the effective annual interest rate,
Effective annual interest rate = ( 1 + r)^n = (1.025)^2 -1
=5.0625%
So, Annual Withdrawal = PV × Effective annual interest rate
by putting the value, we get
Annual withdrawal = $25,000 × 5.0625%
= $1265.60
