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Inessa05 [86]
3 years ago
10

Pearl Henry deposited $18,850 in a money market certificate that provides interest of 8% compounded quarterly if the amount is m

aintained for 3 years. How much will Pearl Henry have at the end of 3 years
Business
2 answers:
miv72 [106K]3 years ago
7 0

Answer: $23,906.36

Explanation:

GIVEN THE FOLLOWING ;

Deposit(present value(PV)) = $18,850

Interest rate (r) = 8%

Time(t) = 3years

However, interest is compounded quaterly(every 3 months), 4 times a year.

Therefore,

Interest rate(r) = 8% ÷ 4 = 0.02

Time(t) = 3 × 4 = 12

Earning after 3 years( future value(FV) ) =

FV = PV × (1 + r)^t

FV = $18,850 × (1 + 0.02)^12

FV = $18,850 × 1.02^12

FV = $23,906.36

Tcecarenko [31]3 years ago
3 0

Answer:

Future Value= $23,906.36

Explanation:

Giving the following information:

Pearl Henry deposited $18,850 in a money market certificate that provides an interest of 8% compounded quarterly if the amount is maintained for 3 years.

First, we need to calculate the real interest rate:

Interest rate= 0.08/4= 0.02

To calculate the future value, we need to use the following formula:

FV= PV*(1+i)^n

n= 3*4= 12

FV= 18,850*(1.02^12)= $23,906.36

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Stock X has a standard deviation of 25 percent per year and stock Y has a standard deviation of 16 percent per year. The correla
Zanzabum

Answer:

The portfolio standard deviation is 14.82%

Explanation:

The portfolio standard deviation would be calculated by finding out the variance of the portfolio and taking the square root of it.

Variance of the portfolio = [(1 - .50)^{2} x 0.25^{2}] + [0.50^{2} x 0.16^{2}] + [2 x (1 - 0.50) x 0.50 x 0.25 x 0.16 x 0]

= [0.25 x 0.0625] + [0.25 x 0.0256] + [0]

= 0.015625 + 0.0064

VarPort = 0.022025

Std DevPort  = √0.022025

Std DevPort = 0.1482 = 14.82 percent

3 0
3 years ago
Read 2 more answers
I got 100k for the balance of the investment when I did the math so how is it 98k?
ioda

Answer:

because you spend 1k or more

6 0
2 years ago
Construction ManagementA construction company is building a new neighborhood, and they are currently working on the design. Each
VLD [36.1K]

Answer:

Answer is described below.

Explanation:

POINTS TO NOTE:

1. Each house will be built using one (only one) of three major building materials - wood, brick, concrete.

2. The linear (in a line or side-by-side) arrangement of the houses will be such that no house will have the same material as the one beside it.

3. The cost of materials for each house will vary.

ANSWER: The minimum cost needed to complete the neighborhood depends on two things;

- The cost of each type of house (cost of a wood house, cost of a brick house, cost of a concrete house)

- The number of each type of house to be built. Or, the number of houses to be built; bearing in mind that they must be arranged without consecutive repetition. Hence, how much will a wood house cost? How much will a brick house cost? How much will a concrete house cost?

Knowing these, the minimum cost needed to complete the neighborhood can be found. If it's going to be 6 houses in the neighborhood for instance and a wood house costs $40, a brick house costs $50 and a concrete house costs $60; the minimum cost to set up the neighborhood will be:

2(40) + 2(50) + 2(60) = 80+100+120 = $300

The number of each type of house will be 2 because same-material houses cannot stay side-by-side. If the rule wasn't there and all the houses were to be concrete, the total cost would be 6(60) = $360

7 0
2 years ago
It is not possible to create a per unit MCS if you are given total revenue and selling price. True False
tekilochka [14]

Answer:

True

Explanation:

A per unit MCS cannot  be created if you are given total revenue and selling price because per unit MCS is created by dividing  the given total revenue  by the total units of products ( for revenue per unit of product )

And also dividing the total cost by the total units of products ( for cost per unit of product ) hence the absence of the number of products will make it impossible to create a per unit MCS.

4 0
3 years ago
____ management encourages managers to make facts and logic the foundation of their approach to decision-making.
Gemiola [76]

Evidence based management encourages managers to make facts and logic the foundation of their approach to decision-making.

<h3>What is meant by evidence based management?</h3>

This s the term that has to do with the type of management that is more likely involved with the ability of a person to engage in critical thinking. It is the type of management that lays aside feelings and relies instead on the ability of people to think and come up with facts.

Hence we can ay that Evidence based management encourages managers to make facts and logic the foundation of their approach to decision-making.

Read more on evidence based management here; brainly.com/question/24847839

#SPJ1

7 0
2 years ago
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