Answer:
a) Compounded Annually = $9671.41
b) Compounded Monthly = $9691.51
c) Compounded Weekly = $9692.93
d) Compounded Daily = $9693.30
e) Compounded Continuously = $9693.36
Explanation:
Solution:
This question is very simple. We just need to know the basic formula.
Data Given:
P = Principal Amount = $8000
i = interest rate = 2.4% annual
n = period or year = 8 years.
So, our basic formula is:
A = P
a) Compounded Annually.
A = P
A = 8000
A = $9671.41
b) Compounded Monthly:
1 year = 12 months.
A = P
A = 8000
A = $9691.51
c) Compounded Weekly:
1 year = 52 weeks
A = P
A = 8000
A = $9692.93
d) Compounded Daily:
1 year = 365 days
A = P
A = 8000
A = $9693.30
e) Compounded Continuously:
For this we have following formula:
A = P
A = P
A = $9693.36
Answer:
You can create the time line below or submit a separate Word or PowerPoint document containing the time line. If your tim
Explanation:
You can create the time line below or submit a separate Word or PowerPoint document containing the time line. If your tim
Answer:
maximize profits.
Explanation:
Th economist assume that the goal of objective of the business is to maximize the profit and add value to their business and shareholders as well. The businesses use marginal benefit and marginal cost to measure the value of benefit. Business also has other objectives which support the profit maximization like cost minimization, customer satisfaction etc
Explanation:
the factors or elements in a firm's immediate environment which affect its performance and decision-making; these elements include the firm's suppliers, competitors, marketing intermediaries, customers and publics.
hope this helped :)
Answer:
1. No because it is not realistic. 2. No because if you try you will make it back. 3. No because he needs a more indelf plan.
Explanation: