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
tankabanditka [31]
3 years ago
8

Alex invested $10,500 in an account that pays 6 percent simple interest. how much money will he have at the end of four years?'

Business
1 answer:
Marizza181 [45]3 years ago
4 0
The amount generated from the investment with simple interest is calculated through the equation,

           F = P x (1 + in)

where F is the future amount, P is the present worth, i is the decimal equivalent of the given interest and n is the number of interest period.

From this item it can be identified that,
   P = $10,500
   i = 0.06
   n = 4

Substituting the known values,

    F = ($10,500) x (1 + (0.06)(4)) 
 <em>   F = $13020</em>

Therefore, after four years, the amount of money that Alex will have is $13,020. 
You might be interested in
What is the term given to mortgage loan costs such as pest inspections, survey fees, and title insurance?
vichka [17]

Answer:

Services the borrower did shop for, that the buyer may find on his own.

Explanation:

Services such as a pest inspection or title insurance are services that the buyer of a house usually want, but are not mandatory for them to purchase. Therefore usually buyers must search for them on their own since they are not required by a bank.

They are different than services that a lender requires like home insurance, which a buyer must purchase.

3 0
3 years ago
An employee time ticket is an hour-by-hour summary of the employee’s activities throughout the day. True or false?.
padilas [110]

It is true that an employee time ticket is an hour-by-hour summary of the employee’s activities throughout the day.

A time ticket is used to track the hours for which an employee will be paid in the upcoming payroll. Employees' time tickets are reviewed and approved by a supervisor at the closing of each pay period. After which the payroll team use them to calculate the hours worked by an employee. This serves as a basis for calculating gross pay.

When an employee clocks in or out, they generally put a time ticket into a time clock that are printed in an oblong, thick paper shape. Usually time tickets are physical cards that are stamped with beginning and ending times of employees work days. The payroll accountant or bookkeeper creates time tickets after the pay month has ended.

To learn more about employee time ticket here

brainly.com/question/14338603

#SPJ4

7 0
1 year ago
Importance of economic growth​
svlad2 [7]

Answer:

Economic growth generates job opportunities and hence stronger demand for labour, the main and often the sole asset of the poor. In turn, increasing employment has been crucial in delivering higher growth.

8 0
1 year ago
Bob is a manager at a local toyota dealership who has lost five of his employees last year. now he has to make a decision about
suter [353]
<span>She might jump to a solution before correctly diagnosing the problem. This might cause a continuation in the loss of employees, while still costing the business excess revenue. If she diagnoses the problem correctly, then she can work out a proper solution that may mitigate the turnover problem.</span>
6 0
3 years ago
Yellowstone Corporation has just announced the repurchase of $125,000 of its stock. The company has 39,000 shares outstanding an
puteri [66]

Answer:

The price–earnings ratio after the repurchase is 22.18

Explanation:

First calculate Numbers of new shares

New Shares = Old Shares - ( Repurchased Shares / Price per share )

New Shares = 39,000 - ( $125,000 / $76.09 )

New Shares = 39,000 - 1,642.79

New Shares = 37,357.21 shares

New compute the old earning

Old  Earning = EPS x Numbers of old shares = $3.29 x 39,000 = $128,310

New compute revised Earning per share

Revised EPS = Earning / New shares = $128,310 / 37,357.21 shares = $3.43

Now we need to calculate the Price earning ratio

P/E Ratio = Price per share / Revised earning per share = $76.09 / $3.43 = 22.18 times

7 0
2 years ago
Other questions:
  • ________ and their members provide value because they buy and sell securities on behalf of the companies and individuals they re
    12·1 answer
  • Glassworks Inc. produces two types of glass shelving, rounded edge and squared edge, on the same production line. For the curren
    6·1 answer
  • An organization's critical application is required to be continuously available, with only a few minutes' per month of downtime
    13·1 answer
  • Why does the PCI require banks to protect customers' card data? A. to protect banks from hackers and malware B. to help improve
    6·2 answers
  • When a home is constructed, consideration is given to the positioning of the building relative to its surroundings and the sun,
    5·1 answer
  • What is artificial monopoly
    15·1 answer
  • Globalization increases the interdependency of the world's countries. Inflation in one country would most likely
    8·1 answer
  • What are the five economic lssues??​
    15·1 answer
  • For personal finance course
    12·1 answer
  • McCoy Brothers manufactures and sells two products, A and Z in the ratio of 5:2. Product A sells for $75; Z sells for $95. Varia
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!