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
vichka [17]
3 years ago
13

You open a savings account on January 1, 2008 with $1,000. The interest rate stated on this account is 4%, compounded quarterly.

Business
1 answer:
arlik [135]3 years ago
3 0

Answer:

FV= $1,220.19

Explanation:

Giving the following information:

You open a savings account on January 1, 2008 with $1,000. The interest rate stated on this account is 4%, compounded quarterly.

Effective rate= 4/4= 1%

We need to use the following formula:

FV= PV*(1+i)^n

n= 4*5= 20

FV= 1000*(1.01^20)= $1,220.19

You might be interested in
The ______ viewpoint regards the organization as arrangements of interrelated parts that operate together to achieve a common pu
timurjin [86]

Answer:

Classical

Explanation

Classical view point in management is very essential because it brings about increase in productivity, it involves making use of scientific method as well as job specialization among the employee to achieve common goal of the organization.

It should be noted that Classical viewpoint regards the organization as arrangements of interrelated parts that operate together to achieve a common

3 0
3 years ago
Katie had a high monthly food bill before she decided to cook at home every day in order to reduce her expenses. She starts to s
Orlov [11]

Answer:

The c orrect answer is A.

Explanation:

Giving the following information:

Annual deposit= 1,410

Annual interest rate= 5%

Number of years= 8 years

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

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {1,410*[(1.05^8)-1]}/ 0.05

FV= $13,464.24

4 0
3 years ago
If job a and job b are identical in all aspects, except that job b pays higher wages, what will happen over time?
Bumek [7]
Job b will go out of business sooner if their profit is the same as A
6 0
3 years ago
After visiting several automobile dealerships, Richard selects the used car he wants. He likes its $11,500 price, but financing
aksik [14]

Explanation:

I = Prt

I = (10000)(.11)(4) = $4400

Total Cost = Down Payment + Principal Borrowed + Interest

Total Cost = 2000 + 8000 + 4400

= $14,400

Monthly Payment = (Principal Borrowed + Total interest) / Total number of payments

Monthly Payment = (10,000 + 4400) / 48

= $300

APR= (2 × n × I) / [P × (N + 1)]

APR = (2 × 12 × 4400) / [10,000 × (48+1)]

= 21.55%

3 0
3 years ago
A hardware store owner placed an advertisement for Sylvania LED bulbs in the local newspaper. Sylvania provided the storeowner w
Zolol [24]

Answer:

cooperative advertising

Explanation:

Based on the scenario being described within the question it can be said that Sylvania was using cooperative advertising to promote its products. This refers to when a retailer/wholesaler and a manufacturer share the costs for locally placed advertisements. Such as Sylvania is doing by paying 50% of the advertisement, mainly because it also benefits them to place their sample advertisements as well.

3 0
3 years ago
Other questions:
  • You can offer investment products and services only if you are a registered representative of Northwestern Mutual Investment Ser
    6·1 answer
  • The national do not call registry was created to give americans a tool for maintaining their privacy on home telephone lines. mo
    14·1 answer
  • 1. Depreciation on the equipment for the month of January is calculated using the straight-line method. The company estimates fu
    7·1 answer
  • "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
    12·2 answers
  • "The potentially valid arguments for tariff protection are also the most easily abused. " What are those arguments? Why are they
    5·1 answer
  • Direct mail recruiting works best for positions involving:​ a. ​ temporary work b. ​ low skill levels c. ​ specialized skills d.
    8·1 answer
  • Consider the market for loanable funds. Suppose that savers make deposits in savings accounts at banks. Initially, the interest
    11·1 answer
  • You have $25.36 in your account. You make deposits of $36 and $78 and make a withdrawal of $61.24. How much is in the account?
    8·1 answer
  • Harvey Hotels has provided a defined benefit pension plan for its employees for several years. At the end of the most recent yea
    9·1 answer
  • What role does a fast-food corporation play when it agrees to franchise its business?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!