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makvit [3.9K]
3 years ago
11

Suppose you put $100 into a savings account today, the account pays a nominal annual interest rate of 6%, compounded semiannuall

y, and you withdraw $100 after 6 months. What would your ending balance be 20 years after the initial $100 deposit was made? a. $ 62.91 b. $ 9.50 c. $115.35 d. $ 3.00 e. $226.20
Business
1 answer:
polet [3.4K]3 years ago
8 0

The ending balance will be $9.50

Option b

<u>Explanation:</u>

Given:

Principal amount = $100

Annual interest rate = 6%

Compounding is semi-annual

To find: The ending balance

Balance after 6 months = 100+0.06*100/2 = $103

Hence, balance remaining after withdrawal of $100 = $3

Remaining periods =

Balance after 20 years = Future Value (0.06/2,39,0, -3) = $9.50

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Teams at Systech Corp. come from many different countries, with skills ranging from creativity to communication to search engine
motikmotik

Answer:

Diversity

Explanation:

Team diversity means a team composed people who can be distinguished on  factors like gender, age, demography, culture, range of skill set , nationality, religious and social background. Diversity is promoted in team to promote innovation, efficiency and improved performance as each member complements other with his/her unique attribute.

Since, as Systech corp, team is composed of people with different nationality and diverse skill,  it can be rightly said that such team is example of team diversity based on above mentioned definition of team diversity.

8 0
3 years ago
determining what items or products you need is the first step in purchasing. this is called a purchasing .
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Identification of the need is the first step for purchasing process.

<h3>Is a buying situation in which the customer purchases a product or service for the first time?</h3>

Modified rebuy: A business shopping for scenario in which the buyer needs to alter product specifications, prices, terms, or suppliers. New task: A enterprise shopping for situation in which the consumer purchases a product or carrier for the first time.

<h3>What are the 3 buying process?</h3>

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Learn more about purchasing process here:

<h3>brainly.com/question/1489991</h3><h3>#SPJ4</h3>
3 0
1 year ago
Review the following sources and decide if they are reliable and relevant.
JulsSmile [24]

Answer:

CNN business is left wing( which means it will tilt the info to fit the party)

Try using something neutral

6 0
2 years ago
Quantitative Problem 2: Carlysle Corporation has perpetual preferred stock outstanding that pays a constant annual dividend of $
sergij07 [2.7K]

Answer:

$27.14

Explanation:

Calculation for the price of the firm's perpetual preferred stock

Using this formula

Price of the firm perpetual preferred stock = Annual dividend / Required return

Where,

Annual dividend =$1.90

Required return=7% or 0.07

Let plug in the formula

Price of the firm perpetual preferred stock = $1.90 / 0.07

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Therefore the Price of the firm perpetual preferred stock will be $27.14

4 0
2 years ago
What is goodwill in a business sale and why is it amortized in the business financial statements
astra-53 [7]

Answer:

See below

Explanation:

Goodwill arises when is a business is acquired as a going concern. It is an intangible asset of a business. Goodwill represents the value of a company's customer base, its location, any patents, and the brand name. It consists of the value of suppliers, customers, and employee relationships that facilitates the smooth running of the business.

The value of goodwill is the difference between the purchase price and the net cost of its tangible and other intangible assets of a business. Amortization of goodwill means spreading the cost of goodwill to several financial years.

Goodwill is amortized because the business benefits from the goodwill for many years.  In other words, the expenditure on goodwill will profit the company in more than one financial year. As per the matching principle, expenses and incomes should be recognized in the period they occur. As benefits will be enjoyed in many years, the expenses should also be spread in similar years.

7 0
3 years ago
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