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SpyIntel [72]
3 years ago
4

What is the total amount that First Consumer Bank will receive after lending Jane $7,000 for three years at an interest rate of

5 percent, compounded annually?
Business
2 answers:
yan [13]3 years ago
6 0
There are numerous information's already given in the question. Based on these information's the answer can be easily deduced.
Principal (P)= $7000
Rate of interest (i) = 5% = 0.05
Number of years (t) = 3 years
Let us consider the final amount = a
Then
a = P (1 + i)^t
   = 7000 (1 + 0.05)^3
   = 7000 (1.05)^3
   = 7000 * 1.16
   = 8129 dollars
The total amount that the First Consumer Bank will receive from Jane is $8129. I hope the answer helps you.
ryzh [129]3 years ago
4 0
7000+5%=7350 1st year
7350+5%=7717.5 2nd. yr.
7717.5+5%=8103.38 3rd. yr.

First consumer bank will receive $1103.38 after 3 years
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nikdorinn [45]

Answer

Hi,

This type of communication could be interpersonal communication or formal communication

Explanation

Interpersonal communication occurs in company when it is done between two or more individuals at a workplace. For this case, the communication was between the vice president of research and development and the vice president of marketing. This could also be a formal communication where a hierarchy at the workplace is followed because the two vice presidents from different departments first talked before involving junior staff members. In this case, the two vice presidents are communicating formally with each other to get work done.

Welcome!

4 0
3 years ago
A study finds that the noise from rock concerts is harmful; hence, the government imposes a $30 tax on the sale of every unit. T
Vladimir79 [104]

Answer:

The correct answer is: decrease; $195; $190; $165.

Explanation:

A study found the noise from rock concerts to be harmful.  

To correct the externality created by the concerts, the government imposes a tax $30 on sale of each unit.  

The price of tickets was initially $190.  

After the imposition of the corrective tax, the price increased to $195.  

This increase in price will cause the demand for tickets to decrease. As a result, the number of concert tickets sold will decrease.  

The socially optimal price of the tickets is $195, as this price eliminates externalities.  

The private market price is the price which was creating externalities, in this case, it is $190.  

We can find the price received by the firms by deducting the tax amount from the new price.  

The price received by the firms is

= $195 - $30

= $165

3 0
3 years ago
The following information is available from the records of Diamond Cut, Inc.: Direct Materials-Assembly Department $10,000 Direc
luda_lava [24]

Answer:

$32,000

Explanation:

Direct materials, $10,000

Direct labor, $11,000

applied overhead, $11,000

Total of: $32,000

8 0
4 years ago
Apple computer users tend to like the company and love its products. Apple has nurtured this ________ component of its customers
Leviafan [203]

The question is incomplete:

Apple computer users tend to like the company and love its products. Apple has nurtured this ________ component of its customers' attitudes. Group of answer choices

a.cognitive

b.physiological

c.affective

d.social

e.psychological

Answer:

c.affective

Explanation:

-The cognitive component refers to knowledge and ideas you have about something.

-The physiological component refers to how the body reacts when people are faced with an object.

-The affective component refers to emotions that people have about something.

-The social component refers to the behavior people show when they are faced with an object.

-The psychological component refers to the beliefs people have about something.

According to this, the answer is that Apple has nurtured this affective component of its customers' attitudes because the statement mentions that users like and love which refers to the emotions they have towards the company and the products.

4 0
4 years ago
"An investor that has been unaffiliated with the issuer for at least 3 months is permitted to sell restricted shares under Rule
Travka [436]

Answer:

six months

Explanation:

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According to rule 144, before an investor could sell any restricted securities in the market place, such securities must be held for a certain period of time, usually six months for a reporting company, who is subject to the reporting requirements of SEC 1949.

However, where the issuer of the securities is not subjected to reporting requirements of SEC, then the investor could hold them for a period of one year.

4 0
3 years ago
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