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Semmy [17]
3 years ago
11

Jessica invested $2,000 today in an investment that pays 6.5 percent annual interest. Which one of the following statements is c

orrect, assuming all interest is reinvested? Group of answer choices She will earn an increasing amount of interest each and every year even if she should decide to withdraw the interest annually rather than reinvesting the interest. Her interest for Year 2 will be equal to $2,000 ×.065 × 2. She could have the same future value and invest less than $2,000 initially if she could earn more than 6.5 percent interest. She will be earning simple interest. She will earn the same amount of interest each year.
Business
1 answer:
lyudmila [28]3 years ago
4 0

Answer:

If the interest rate is higher, to earn the same amount, she will need to invest a lesser amount of money.

Explanation:

Giving the following information:

Jessica invested $2,000 today in an investment that pays 6.5 percent annual interest.

The correct answer is:

She could have the same future value and invest less than $2,000 initially if she could earn more than 6.5 percent interest.

If the interest rate is higher, to earn the same amount, she will need to invest a lesser amount of money.

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The Sarbanes-Oxley Act was designed to protect A. retired workers from losing their pensions B. corporations from misguided whis
Art [367]

Answer:

E. shareholders from the excesses and failed oversight of firms.

Explanation:

The Sarbanes-Oxley Act of 2002 was designed to protect investors and shareholders from accounting frauds, misguided financial statements and intentional errors by improving accuracy and reliability of company's accounts. This act was created in response to financial scandals and frauds that took place before 2002. Public corporations are required to comply with the Laws and regulations in the Sarbanes-Oxley Act.

8 0
3 years ago
The Fluffy Feather sells customized handbags. Currently, it sells 18,000 handbags annually at an average price of $89 each. It i
MAVERICK [17]

Answer: $146,000

Explanation: $146,000

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8 0
3 years ago
Name any four examples of economically marginalised group​
ohaa [14]

Answer:

Here is a sample of the most common marginalized groups:

GLBT.

Senior citizens.

Racial/Cultural minorities.

Military Combat Veterans.

Persons of below average intelligence.

Hearing, visually, and Physically Challenged Persons.

Persons with a serious and Persistent Mental Illness (SPMI)

Persons with Cognitive Impairments.

6 0
3 years ago
Zack developed software that helps farmers to plow their fields in a manner that prevents erosion and maximizes the effectivenes
Reil [10]

Answer:

$60,000 or $12,000

Explanation:

1. Since Zack expects Sparky to use the developed software for a period of five years, we could assume that the revenue for the first year of the contract would be $60,000.

2. Or if we Spread out the average revenue for a period of five years from the licensing fee, 60,000 / 5 (years) would give us 12,000 dollars per year.

5 0
3 years ago
Edith Carolina is president of the Deed Corporation. The company is decentralized, and leaves investment decisions up to the dis
Softa [21]

Answer:

Check the explanation

Explanation:

In this case option A is the correct option, i.e. Carolina will accept the new cosmetic line but Sanders will reject the new cosmetic line. This is because Carolina being the president of Deed Corporation would like to take the cosmetic line differently and with the expected rate of return of 12%, i.e. higher than the minimum required rate of return of 8%.

However, Sanders has achieved a 14% rate of return from his cosmetic division thus, being the manger he would not like his performance to go down with 12% return from the new cosmetic line. Thus, option A is the correct option.  

8 0
3 years ago
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