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
katrin2010 [14]
3 years ago
6

Anastasia was trying to decide which investment plan would be best over 10 years. Bank A was offering 8.5% simple interest on he

r money using the formula . Bank B was offering 8% compounded annually using the formula . Which bank is a better investment if she has $2,000 to invest for 10 years?
Business
1 answer:
White raven [17]3 years ago
4 0

Answer:

Bank B is the better investment

Explanation:

Investment = P =  $2,000

Number of years = n = 10

If the She invest in Bank A

r = 8.5% simple interest

Accumulated value after 10 years = A =P + (P x r x n) =  $2,000 + ( $2,000 x 8.5% x 10 ) = $2,000 + $1,700 = $3,700

If the She invest in Bank B

r = 8% Compounded yearly

Accumulated value after 10 years = A = P x (1 + r )^n =  $2,000 x ( 1 + 8% )^10 = $2,000 x ( 1 + 0.08 )^10 = $2,000 x ( 1.08 )^10 = $2,000 x 2.1589 = $4,317.8

= $4,318

Hence Bank B is the better investment because it make more money than in Bank A after 10 years.

You might be interested in
which management employability skill involves being able to move beyond established ideas and rules to set up new models and pro
Ghella [55]

<u>Creativity</u> is a skill that involves being able to move beyond established ideas and rules to set up new models and processes

<h3>How to think creatively?</h3>

Finding novel approaches to issues and ways to deal with circumstances is the essence of creativity. This is a skill that people from all walks of life can benefit from learning; it is not just a talent reserved for artists, musicians, authors, or "right-brained" thinkers. These suggestions can be useful if you've ever sought to increase your creativity.

Developing your expertise in this field is one of the best strategies to foster creativity. Your ability to come up with original and creative solutions to issues will improve if you have a thorough understanding of the subject. Reading about and hearing from creative people is one approach to gain expertise.

Learn more about creativity

brainly.com/question/19171885

#SPJ4

5 0
2 years ago
Suppose that an economy has the per-worker production function given as:
Eva8 [605]

Answer:

What is the steady-state value of the capital-labor ratio, k?

k = 16

Explanation:

Suppose that an economy has the per-worker production function given as follows:

yt = 5kt^0.5

where y = output per worker

k = capital per worker

k = sy - (n+d)×k

0 = s(5k^0.5) - (0.10+0.15)×k

0 = 0.20(5k^0.5) - 0.25k

0.25k = k^0.5

k^0.5 = 1/0.25

k^0.5 = 4

k^1/2 = 4

Taking square of both of the sides:

(k^1/2)² = (4)²

k = 16

8 0
4 years ago
When should a coder assign placeholder x for a code in ICD-10-CM
GalinKa [24]

The putting of the “x” in addition to the code set (CM or PCS) involved determines what it designates in each condition, but this can be unclear for those learning the system. Undoubtedly, learning a new code set will show a test to coders, and consuming multiple meanings for a letter makes it even tougher.

7 0
3 years ago
A. compensation that is tied to the employee’s seniority B. compensation that is tied to the employee’s qualification C. compens
Andru [333]

Answer:

D

Explanation:

You always want to compensate someone based on their performance. This aligns the employees and company's goals together

8 0
3 years ago
Briefly describe variable, fixed, mixed, and step costs, and indicate how the total cost function of each changes as activity in
vitfil [10]

Answer:

Explanation:

• Variable costs are costs that varies with activity level. It means that these costs changes as more and more goods and services are produced by a company. Total variable cost changes with change in output produced by a firm in the long run.

Examples of variable costs are costs of raw materials used in producing goods, direct labor costs, sales commission etc.

• Fixed costs are costs that does not vary with activity level. This means that these costs remains the same as more and more goods are produced by a company. The total fixed cost does not change with changes in output produced by a company in the short run.

Examples are rent payments, salaries, depreciation.

•Mixed costs are costs that have components of both fixed and. variable costs. The fixed part of mixed cost remains unchanged as activity level increases or decrease while the variable part changes with activity level. The fixed part of a total cost function of a mixed cost remains the same as activity level increases in the short run, while the variable part changes with output level in the long run.

Examples are utilities, insurance, operating license

•Step costs. These are costs that remains the same at an activity level but increases or decreases when the threshold of an activity is achieved.

Example is a factory production supervisor salary

3 0
3 years ago
Other questions:
  • Which type of data provides the most granular level of information about a given individual's customer behavior?
    12·1 answer
  • Economic efficiency can be stimulated in a country by a government through deregulation and …
    9·1 answer
  • Jim and jackie are married with three children at home and a mortgage. jim’s net pay per year is $67,000 and jackie does not hav
    7·1 answer
  • Enercio contributes $100,000 in exchange for a 40% interest in the calendar year ABC LLC, which is taxed as a partnership. This
    8·1 answer
  • What is true about credit unions?
    11·2 answers
  • An auditor confirms a representative number of open accounts receivable as of December 31 and investigates respondents' exceptio
    7·1 answer
  • The risk free rate of return is 2.5% and the market risk premium is 8%. Rogue Transport has a beta of 2.2 and a standard deviati
    6·1 answer
  • 1. What is a business plan?​
    14·1 answer
  • in partnership businesses.if one partner withdraws part of his salary. How to record it in appropriation account and Current acc
    15·1 answer
  • Determine the interval(s) on which the function is increasing and decreasing. (enter your answers using interval notation. if an
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!