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
Vikentia [17]
3 years ago
12

Savings account A and savings account B both offer APRs of 2%, but savings account A compounds interest quarterly, while savings

account B compounds interest monthly. Which savings account offers the higher APY?
Business
2 answers:
Dimas [21]3 years ago
8 0

Savings account B offers a higher APY because monthly compounding gives a better return than quarterly compounding.

Savings account A: Quarterly compounding: APY = (1+0.02/4)^4 -1 = 2.015%

Savings account B : Monthly compounding: APY = (1+0.02/12)^12 -1 = 2.018%

As we can see, Savings account B with monthly compounding produces a slightly higher APY than A and hence is better than A

FinnZ [79.3K]3 years ago
8 0

Answer:

The answer should be, Savings account B, because it has more compounding periods per year. (Apex)

Explanation:

You might be interested in
On-Time Truckers prepares monthly financial statements. On July 1, the Supplies account had a balance of $3,500. During July, ad
serious [3.7K]

Answer:

Explanation:

The adjusting entry is shown below:

Supplies expense A/c Dr  $6,100

              To supplies A/c  $6,100

(Being supplies account is adjusted)

The supplies expense is computed by

= Supplies beginning balance + purchase of supplies - supplies on hand

= $3,500 + $4,800 - $2,200

= $6,100

To find out the adjusting balance we added the purchase of supplies and deducted the supplies on hand from the beginning balance of supplies account

7 0
3 years ago
Ronda's debt to Skye is past due. Skye brings a legal action against Ronda to collect the debt. To ensure that a judgment in Sky
dusya [7]

Answer:

The correct answer is Ronda's family home is in its entirety or up to a specified amount.

Explanation:

Non-intervention as a general principle is based on the legal conviction of States that certain rules have such force that they necessarily bind the international community as a whole4. Consequently, non-interference is binding on all States, whether or not they have ratified the conventional instruments that express it, as the general principles are the very essence of International Law which, as manifested in customary law, is valid erga omnes independently Whether or not States have attended the formation of such a custom.

6 0
3 years ago
Enrique did not want to tell his manager that it was not likely that his employees would meet the looming production deadline. H
asambeis [7]

Answer:

B. Upward distortion

Explanation:

Based on the information provided within the question it can be said that this seems to be an example of upward distortion. In the context of business, this refers to when a lower employee fails to, or is hesitant to communicate negative information to his/her superiors due to the consequences. Which is what Enrique is doing in this scenario.

8 0
3 years ago
Assume the economy is operating at less than full employment. An expansionary monetary policy will cause interest rates to _____
adoni [48]

When the economy is not at full employment and an expansionary monetary policy is followed:

  • Interest rates decrease
  • Investment spending increases

When there is an expansionary monetary policy in place, more money is pumped into the economy which means that there are more loanable funds. This increase in the supply of loanable funds will decrease the interest associated with them.

As a result of interest rates being lower, more businesses and people will be able to borrow money and invest in projects thereby increasing investment spending.

In conclusion, there will be an increase in investment spending due to a decrease in interest rates.

<em>Find out more at brainly.com/question/2343055. </em>

7 0
2 years ago
1. The Statute of Frauds prevents the enforcement of a(n) ______ contract, which is a contract in which the parties have not ___
icang [17]

Answer:

The correct answers in order are:

Executory  

Fulfilled their obligations  

Not illegal

Explanation:

The Statute of Frauds prevents the enforcement of an executory contract, which is a contract in which the parties have not fulfilled their obligations. These contracts are not illegal.

4 0
3 years ago
Other questions:
  • Vanessa’s snowboard manufacturing company has encountered problems with one of its computerized decal makers. Vanessa might get
    12·1 answer
  • Exxon Consulting works as an agent on behalf of business consumers to collect information on various industrial products. When f
    15·1 answer
  • In practice, economists: agree about what the level of potential output is but disagree about what policies are appropriate. dis
    12·1 answer
  • As economies advance, a growing proportion of the economy's activities focuses on the production of ________. A) products B) eve
    5·1 answer
  • What commodities are grown for a purpose other than food?
    15·1 answer
  • Net sales $410,660 Cost of goods sold (purchased items) $102,500 Net income after taxes $ 45,415 Current assets $299,665 Current
    14·1 answer
  • Which gland empties directly into the mouth?
    11·1 answer
  • Early research on leadership traits​ ________.
    7·1 answer
  • Identify what concept is represented in the following scenario, and explain why.
    13·1 answer
  • What do you dislike the most out of the following below?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!