The answer is Residential rental property
Answer:
Option (d) , Bank 4 offers the highest amount after a year
Explanation:
The total amount from each of the interest rates can be expressed as;
A=P(1+r/n)^nt
where;
A=Future value of investment
P=Initial value of investment
r=Annual interest rate
n=Number of times the interest is compounded annually
t=number of years of the investment
a). Bank 1
P=x
r=6.1%=6.1/100=0.061
n=1
t=assume number of years=1
replacing;
A=x(1+0.061/1)^(1×1)
A=x(1.061)
A=1.061 x
b). Bank 2
P=x
r=6%=6/100=0.06
n=12
t=1
Replacing;
A=x(1+0.06/12)^(12×1)
A=x(1.005)^12
A=1.0617 x
c). Bank 3
P=x
r=6%=6/100=0.06
n=1
t=1
Replacing;
A=x(1+0.06/1)^(1)
A=1.0600 x
d). Bank 4
P=x
r=6%=6/100=0.06
n=4
t=1
A=x(1+0.06/4)^(4×1)
A=x(1+0.015)^4
A=x(1.061)
A=1.0614 x
e). Bank 5
P=x
r=6%=6/100=0.06
n=365
t=1
A=x(1+0.06/365)^(365×1)
A=1.0618
Option (d) , Bank 4 offers the highest amount after a year
Answer:
FV= $1,259.71
Explanation:
Giving the following information:
Initial deposit (PV)= $1,000
Number of periods (n)= 3 biannual years
Interest rate (i)= 8% = 0.08
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 1,000*(1.08^3)
FV= $1,259.71
Answer:
i would say asking a team member in a team meeting why their work is lagging behind schedule
Explanation:
Answer: its environmental scientist
Explanation:
