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
andreyandreev [35.5K]
3 years ago
11

2.June Cunningham deposited $54,200 in the bank on January 1, 2006. On January 2, 2016, this deposit has accumulated to $106,611

. Interest is compounded annually on the account. What rate of interest did June earn on the deposit
Business
1 answer:
cupoosta [38]3 years ago
3 0

Answer:

Interest rate= 4.61%

Explanation:

<em>The future value of an investment is the accumulated sum(principal plus interest ) after being invested at a particular rate for certain period of time.</em>

FV = PV × (1+r)^(n)

FV =Future Value - 106,611

PV =  Present Value -$54,200

r- interest rate- ?

n- 15 years

<em>So substituting into the formula, we have</em>

106,611= 54,200 × ( 1+r)^15 =

(1+r)^15= 106,611/54200

(1+r)^15= 1.96699262/15

<em>find the log of both sides</em>

15 log (1+R) = log 1.9669

Log 1+r = log 1.9669/15

Log 1+r          = 0.019586849

<em>finding the log inverse </em>

1+r = 1.046132872

r = 1.046132872 -1

= 4.61%

You might be interested in
I am bad as worst and worst as excellent​
ArbitrLikvidat [17]

Answer:

try using Googlde like Googdle will help u ndo neefsd to do it hedre

7 0
3 years ago
4. Consumption as a component of GDP refers to the expenditure of A. banks. B. household. C. producers. D. government.
aniked [119]
The answer is house hold
3 0
3 years ago
Chun Hei is carrying out a marketing research study. Even after seeking all reasonable available secondary data sources, she has
tekilochka [14]

Answer:

The correct word for the blank space is:  primary.

Explanation:

Primary data collection takes place when data is collected by researchers from direct sources using for that purpose surveys or interviews. Typically, primary data collection gathers the questions formulated on <em>secondary data</em> research since that is the basic step carried out for the data collection process.

8 0
3 years ago
Stephanie is nervous about giving a presentation at the marketing firm where she works. One of her male coworkers told her, "Don
Mice21 [21]

Answer:

Stereotype threat

Explanation:

A. Stereotype threat

Explanation:

Stephanie's anxiety stems from Stereotype threat. She is way too concerned about how she appears to her audience. This has caused her to be nervous. She is in a predicament where she feels at risk of conforming to stereotypes about her gender. Especially because of her male coworker who told her, "don't be such a girl, attack that presentation! "

8 0
3 years ago
Read 2 more answers
Ten years ago, Stigler Company issued $100 par value preferred stock yielding 6%. The preferred stock is now selling for $102 pe
Alik [6]

Answer:

Current Yield = 0.05882 or 5.882% rounded off to 5.88%

Explanation:

A current yield refers to the annual return that a security provides based on the interest or dividend payments it makes expressed as a percentage of it current price. Thus, the current yield on preferred stock can be calculated as follow,

Current Yield - Preferred stock = Dividend per year / Current price

Dividend per year =  100 * 0.06 = $6 per year

Current Yield = 6 / 102

Current Yield = 0.05882 or 5.882% rounded off to 5.88%

4 0
3 years ago
Other questions:
  • Internal controls that should be applied when a business takes a physical count of inventory should include all of the following
    6·1 answer
  • If shondra really wants to borrow alicia's shoes but she thinks she may refuse, the idea of the foot-in-the-door technique state
    14·1 answer
  • The Motorola team that developed the Razr cell phone was a good working team because they agreed on the objectives at hand and o
    7·2 answers
  • View each of the below-listed provisions that are often contained in bond indentures alone. Which of these provisions would tend
    12·1 answer
  • Michael operates his health food store as a sole proprietorship out of a building he owns. Based on the following information re
    12·1 answer
  • When a manufacturer seeks a market for by-products and accepts a price that covers more than the cost of storing and delivering
    12·1 answer
  • Comet Company is owned equally by Pat and his sister Pam, each of whom hold 100 shares in the company. Comet redeems 50 of Pam's
    10·1 answer
  • Indirect channels for consumer goods
    6·1 answer
  • 5. This is the best way to separate sugar and sand mixture.​
    10·1 answer
  • Jake Olsen has decided to put $1,000 in the bank. List several questions Jake might want to ask before ch whether to put the mon
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!