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
Vsevolod [243]
3 years ago
11

James deposits $900.00 in a savings account at Wachovia Bank. The account pays an annual

Business
2 answers:
luda_lava [24]3 years ago
5 0

Answer: Interest earned in 3 months is $16.5

Explanation:

Interest Earned = Principle x \frac{r}{m}

where,

r = Annual interest rate = 5.5%

m= Number of periods = 3 months

Principle = $900

Interest Earned = $900 x \frac{0.055}{3} = $16.5

Fantom [35]3 years ago
4 0

Answer:

$12.38

$912.38

Explanation:

State rate is the simple rate that is given by the bank against a principal without any compounding effect.

The effective interest rate is the rate of return that an investor receives including the compounding effect.

As the effective rate of return is 5.5% se, we will use this rate for interest income calculation.

Principal Amount = $900

Interest Earned = $900 x 5.5% x 3/12 = $12.38

He will earn $12.38 in 3 months

Total Value = $900 + $12.38 = $912.38

His new total will be $912.38

You might be interested in
Jerry, a partner with 30 percent capital and profits interest, received his Schedule K-1 from Plush Pillows, LP. At the beginnin
Ierofanga [76]

Answer: $61,500

Explanation:

Jerry's adjusted basis in his partnership interest at the end of the year is determined by adding his cash contributions, long-term capital gain, and qualified dividends to the original tax basis.

There will also be deductions of the non-deductible expenses, ordinary loss and his share of the reduction in partnership debt.

Jerry's adjusted basis at the end of the year = ( 44,000 + 26,000 + 3,600 4,600) - ( 2,100 + 9,000 + 5,600)

= 78,200 - 16,700

= $61,500

3 0
3 years ago
Which type of delivery format would be the best choice for the keynote speech that welcomes employees?
Naya [18.7K]
I think a. manuscript
5 0
2 years ago
When do children develop their eating habits and physical activity patterns?
user100 [1]

Answer: It varies based on the foods and activities offered to a child

Explanation: Children behave differently as regards eating as some prefer some kind of food over others. Majorly the environment a child finds himself can hugely affect the child's way of behavior which includes food eaten and physical activity engaged in by the child.

This is a product of adaptation common to humans.

6 0
3 years ago
"In a new margin account, a customer buys 1,000 shares of ABC stock at $40 per share. The stock rises to $45 during the next wee
laiz [17]

Answer: SMA Balance $40000

Explanation:

the Special Memorandum Account(SMA) Balance will remain at $40000 (1000 x $40). The SMA Balance does not decrease when the market value of the security decrease

3 0
3 years ago
Read 2 more answers
Windsor, the owner of Windsor's Sandwiches contacts a new supplier Gary. He tells Gary that he will pay him $375 if Gary deliver
adelina 88 [10]

Answer:

Bilateral Contract

Explanation:

A bilateral contract is an agreement between two parties in which each side agrees to fulfill his or her side of the bargain.

The bilateral contract is the most common kind of binding agreement. Each party is both an obligor (a person who is bound to another) to its own promise, and an obligee (a person to whom another is obligated or bound) on the other party's promise. A contract is signed so that the agreement is clear and legally enforceable.

In this case Windsor promises to pay $375 and Gary promises to deliver 20 pounds of cheese.

4 0
3 years ago
Other questions:
  • Harrison Co. issued 13-year bonds one year ago at a coupon rate of 8 percent. The bonds make semiannual payments. If the YTM on
    8·1 answer
  • 12. the market for rice in an east asian country has demand and supply given by Qd = 28 -4P and Qs = -12 + 6P, where quantities
    9·2 answers
  • why do you think many people are in jobs that are not satisfying? do organization help people craft satisfying and motivating jo
    14·1 answer
  • For a cost to be considered allocable to a contract, it must be a cost that is incurred specifically for a contract, or a cost t
    6·1 answer
  • In terms of team rewards and recognition, skill-based pay works well with ______.
    9·1 answer
  • Luis had self-employment income of $9,732 reported in box 7 of Form 1099-Misc and has receipts for tools and supplies of $2,603.
    12·1 answer
  • You are to receive an annuity of $1,000 per year for 10 years. You will receive the first payment two years from today. At a dis
    12·1 answer
  • Help quick!
    8·2 answers
  • .................. people lack enthusiasm.
    12·1 answer
  • Management of Wee Ones (WO), an operator of day-care facilities, wants the company's profit to be subdivided by center. The firm
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!