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slega [8]
3 years ago
7

Cindy invests $10000 in an account that pays an annual rate of 3.96%, compounding semi-annually. approximately how much does she

have in her account after two years?
Business
1 answer:
stiks02 [169]3 years ago
6 0

Annual Compound Formula is:

A = P( 1 + r/n) ^nt

Where:

A is the future value of the investment

P is the principal investment

r is the annual interest rate

<span>n is the number of  interest compounded per year</span>

t is the number of years the money is invested


So for the given problem:

P = $10,000

r = 0.0396

n = 2 since it is semi-annual

t = 2 years

 

Solution:

A = P( 1 + r/n) ^nt

A = $10,000 ( 1 + 0.0396/2) ^ (2)(2)

A = $10000 (1.00815834432633616)

A = $10,815.83 is the amount after two years

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Sarah can study 20 pages per night. each page has three homework problems. if she studies for 3 nights how many homework problem
ss7ja [257]
20 pages in one night times 3 nights = 60. 60 pages times 3 problems per page is 180 problems.

20*3=60
60*3=180
7 0
3 years ago
Using the example of your university, give examples of information systems for each of the three levels of scope (workgroup, ent
Alex73 [517]

Answer:

Three levels of information systems at university include:

1. The students ICT unit (workgroup)

2. The departmental ICT units (enterprise)

3. The examination and records unit (inter enterprise)

Explanation:

The students ICT units and lab works together by communicating with one another in terms of file transfer, content chat systems and temporal record I keeping and processing.

The departmental information system operates at the higher level as an enterprise because at this stage the users at the work stations can no longer have full access to the platform because it is redefined to accommodate academic and non academic staff who are very useful in managing the data content, as well as keeping the security of these content intact against any form of security threats.

The examination and records unit on the final and higher level is the home server for all information systems security, backup and archive and the communication level regarded as the inter enterprise units. It is the final resort point when every other means of information and record keeping becomes threatened. Hence it is seen as the collation, record keeping and transfer point between one enterprise or department to the other.

7 0
4 years ago
When a nation removes a tariff on a product, this policy action rev: 06_20_2018 Multiple Choice benefits domestic producers of t
Ray Of Light [21]

Answer:

benefits consumers of the product.

Explanation:

Import tariffs are generally  put in place to protect domestic producers from foreign producers. Tariffs benefit domestic producers but hurt consumers since they are forced to pay higher prices.

When the import tariffs are withdrawn, the domestic price of the goods should decrease, benefiting consumers.

4 0
3 years ago
On September 30, Franz Corporation notices a decline in value of its investment in held-to-maturity bonds that it believes to be
never [62]

Answer:

Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

Explanation:

Preparation of the journal entry to record the impairment.

Journal entry

Sep. 30

Dr Loss on Impairment $15,520.00

Cr Maturity Debt Securities $15,520.00

($38,500-$22,980=$15,520)

(To record the impairment)

3 0
3 years ago
Your company has just taken out a 1-year installment loan for $82,500 at a nominal rate of 12.0% but with equal end-of-month pay
Bas_tet [7]

Answer:

89.63% of 2nd month payment will go towards the payment of principal.

Explanation:

Loan Payament per month = r ( PV ) / 1 - ( 1 + r )^-n

r = rate per period = 12% per year = 1% per month

n = number months = 12 months

PV =  present value of all payments = $82,500

P = payment per month = ?

P = 1% ( $82,500 ) / 1 - ( 1 + 1% )^-12

P = $7,330 per month

Month Payments Principal Interest Balance

1                 -7330              -6505     -825       75995

2                -7330              -6570      -760      69,425

Percentage of Principal Payment  = Principal payment / totla monthly payment = $6,570 / $7,330 = 0.8963 = 89.63%

6 0
3 years ago
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