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pogonyaev
3 years ago
7

Marit Brunsell deposited $80,000 at Bank of America at 12% interest compounded quarterly. What is the effective rate (APY)? (Do

not round intermediate calculations. Round your answer to the nearest hundredth percent.)
Business
1 answer:
ryzh [129]3 years ago
7 0

Answer:

12.55%

Explanation:

APY = (1 + \frac{r}{n} )^{n} - 1

Where;

r = 12% = 0.12

n = 4, As the rate is compounded quarterly so n will be 4 per year.

APY = (1 + \frac{0.12}{4} )^{4} -1

APY = (1 + 0.03)^{4} -1

APY = (1.03)^{4} -1

APY = 1.12550881 - 1

APY = 0.12550881

or

APY = 12.55%

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ozzi

Answer:

It implies that the firm paid $5,000 to its supplier this accounting period (e.g. year) out of the amount the firm is owing the supplier.

Note: The correct answer is as stated above it is not included in the option. Kindly confirm the options again from your teacher.

Explanation:

Accounts payable refers to the amount of money a firm is owing its suppliers.

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Since accounts payable is the amount of money a firm is owing its suppliers, a negative  a NEGATIVE adjustment to its implies that company has paid its supplier the negative amount in the accounting period.

Therefore, a NEGATIVE adjustment of $5000 related to Accounts Payable implies that the firm paid $5,000 to its supplier this accounting period (e.g. year) out of the amount the firm is owing the supplier.

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3 years ago
BenchMark, Inc., just paid a dividend of $3.45 on its stock. The growth rate in dividends is expected to be a constant 5 percent
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Answer:

BenchMark, Inc.

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$43.13

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3 years ago
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Activity pride, job satisfaction, or painting pride is a measure of employees' contentedness with their activity, whether or not they just like the job or character factors or sides of jobs, which includes the nature of labor or supervision. activity pride can be measured in cognitive, affective, and behavioral components.

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8 0
2 years ago
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8 0
3 years ago
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