1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
boyakko [2]
3 years ago
7

You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which wo

uld you rather​ have: a daily compounded rate of ​%, a weekly compounded rate of ​%, a monthly compounded rate of ​%, a quarterly compounded rater of ​%, a semiannually compounded rate of ​%, or an annually compounded rate of ​%? Which periodic rate would you rather have for your savings​ account
Business
1 answer:
Dvinal [7]3 years ago
8 0

Answer:

a weekly compounded rate of 0.355​%

Explanation:

the question is incomplete:

a daily compounded rate of 0.040​%, a weekly compounded rate of 0.355​%, a monthly compounded rate of 1.15​%, a quarterly compounded rater of 4.00​%, a semiannually compounded rate of 7.5% or an annually compounded rate of 14​%

compounded daily:

  • effective interest rate = (1 + 0.0004)³⁶⁵ - 1 = 0.157162407

compounded weekly:

  • effective interest rate = (1 + 0.00355)⁵² - 1 = 0.202344148

compounded monthly:

  • effective interest rate = (1 + 0.0115)¹² - 1 = 0.147071911

compounded quarterly:

  • effective interest rate = (1 + 0.04)⁴ - 1 = 0.16985856

compounded semiannually:

  • effective interest rate = (1 + 0.075)² - 1 = 0.155625

compounded annually

  • effective interest rate = 14%

You might be interested in
A dressmaker can sew 400 garments with 100 bolts of fabric and 1,500 hours of labor. Another dressmaker can sew 400 garments wit
faust18 [17]

Answer:

No, because the second method has lower total costs of production.

Explanation:

In a bid to make profits businesses must always compare different processes and choose the cheapest one.

This will eventually reflect in the profitability of the business.

In this instance let's get the cost of each process.

Fabric costs $110 a bolt and labor costs $20 an hour.

The first dress maker can sew 400 garments with 100 bolts of fabric and 1,500 hours of labour

Total cost = (100 bolts * 110) + (1500 * 20)

Total cost = $41,000

For the second dress maker he can sew 400 garments with 150 bolts of fabric and 1,000 hours of identical labour

Total cost = (150 *110) + (1000 * 20)

Total cost = $36,500

As can be seen the second dressmaker has a lower cost of production so he is more efficient than the first dress maker

7 0
3 years ago
Once an initial sale has been made by an outside​ salesperson, inside salespeople are often asked to​ ________.
Lapatulllka [165]

Answer:

provide ongoing customer​ support, service, and be alert for new sales opportunities

Explanation:

8 0
3 years ago
Human resources planning relevant to organizational productivity ​
IgorC [24]

Answer:

Human resources planning is relevant to organizational productivity because it allows a company to maintain and better target the right talent for longevity. It also enables managers to better train and develop the skills needed in the workforce.

Explanation:

Human Resource planning is the foundation of a company's workforce talent. Employees are what make or break a company.

5 0
3 years ago
Where in a business plan should the executive summary go?
scoundrel [369]
I think the answer is in the middle  
5 0
4 years ago
In early economic history money was not always available and transactions occurred through ____________ which was often very dif
Yuri [45]
Trade
-----------------
7 0
3 years ago
Other questions:
  • Explain 3 different types of levels of management
    14·1 answer
  • Titanium Metals Company had 20,000,000 shares of $0.01 par value common stock outstanding which had been sold for an aggregate a
    7·1 answer
  • If you lived on a fixed income how would you be affected by inflation
    11·1 answer
  • Acme Enterprises began the new year owing its suppliers $3,000 for merchandise purchased last year. Acme then sold half of this
    9·1 answer
  • On February 1, the Acts Tax Service received a $3,600 cash retainer for tax preparation services to be provided rateably over th
    6·1 answer
  • ____________ transforms resource inputs from the environment into product outputs.
    14·1 answer
  • A company's fixed operating costs are $420,000, its variable costs are $3.20 per unit, and the product's sales price is $4.65. W
    10·1 answer
  • a college in a metropolitan area wishes to increase its evening offerings of business-related courses such as marketing, account
    15·1 answer
  • Paying by check helps a business to control cash when the ______. (select all that apply.)
    13·1 answer
  • As sam walks down the street, a man asks him for $10. sam refuses. the man then asks for $2. sam gives him the money. the man ha
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!