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Anika [276]
3 years ago
9

You have $7,800 to deposit. Regency Bank offers 6 percent per year compounded monthly (.5 percent per month), while King Bank of

fers 6 percent but will only compound annually. How much will your investment be worth in 19 years at each Bank? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Business
1 answer:
hammer [34]3 years ago
6 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

PV= $7,800

Regency Bank:

i= 0.5 percent per month

n= 19*12= 228

King Bank:

i= 6 percent annually

n=19

To calculate the final value of each bank we need to use the following formula:

FV= PV*(1+i)^n

Regency bank:

FV= 7,800*(1+0.005)^228= $24,319.61

King bank:

FV= 7,800*(1.06)^19= $23,599.68

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An entrepreneur can create a strong business strategy to reduce risk.

Entrepreneurs are the individuals who start new firms, taking on the majority of the risks and reaping the greatest gains. Entrepreneurship is the act of starting a business. The entrepreneur is typically thought of as an inventor who develops original ideas for products, services, businesses, and operational needs.

Creating a business strategy is one of the first actions that entrepreneurs may do to lower the risks associated with a new venture. Before beginning, one must determine how much time and money one will devote to their new venture. Market research should also be conducted. This provides insight into the likelihood that your new venture will succeed or fail.

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4 0
1 year ago
Delilah's debit card, issued by Encarta Bank, is stolen and used without Delilah's permission. Delilah tells the bank within thi
igomit [66]

Answer:

C. $500.

Explanation:

The  Electronic Fund Transfer Act (EFTA) establishes that the owner of a stolen debit card is liable up to $500 for any transaction made by the thief if you report the incident after 2 business days but before 60 business days of occurring.

If Delilah reported the theft within 2 business days after the card was stolen, the customer is liable for up to $50, and if you report it before any fraud has occurred then you are not responsible for any amount.

8 0
3 years ago
Complete the explanation of how polygenic inheritance could be the basis of a trait showing continuous phenotypic variation.
DerKrebs [107]

Answer:

Additive; continuous; homozygous; homozygous.

Explanation:

The variation in weight in a population may be explained by the segregation of 10 genes that control weight in a simple <u>additive</u> genetic fashion, the distribution will be<u> continuous</u> from the lowest value <u>homozygous</u> for one allele at all 10 genes to the highest value <u>homozygous</u> for the other allele at all 10 genes.

Continuous phenotypic variation can be caused by many genes affecting a trait and/or environmental variation.

4 0
3 years ago
What are the reasons for economic marginalisation?​
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Answer:

People can be marginalised due to multiple factors, like gender, geography, ethnicity, religion, displacement, conflict or disability. Poverty is both a consequence and a cause of being marginalised.

For example you can take adivasis

Adivasis are becoming increasingly marginalised because they are losing their lands and access to the forests. Due to these things they lose their main sources of livelihood and food.

3 0
3 years ago
In one of the case studies in the textbook, Cy Chesterly was the vice president in charge of sales for one of the largest machin
Aleonysh [2.5K]

Answer:

Chesterly used to provide special deals to company customers and used to receive bribery from these customer in return.

Explanation:

The company products and services were sold by Chesterly to its customers at a discounted price because both the Chesterly and its customer had agreed that Chesterly will receive a share of return from its customers. This was against the fiduciary duty of Directors and resulted in loss of profits to company which was not in the best interests of shareholders or in other words the director Chesterly committed fraud.

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