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3 years ago

How do banks benefit of giving people loans

2 answers:

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It all ties back to the fundamental way banks make money: Banks use depositors' money to make loans. The amount of interest the banks collect on the loans is greater than the amount of interest they pay to customers with savings accounts—and the difference is the banks' profit. I agree with the other person it was on the internet. Hope this helped :)

Kitty [74]3 years ago

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Answer: It all ties back to the fundamental way banks make money: Banks use depositors' money to make loans. The amount of interest the banks collect on the loans is greater than the amount of interest they pay to customers with savings accounts—and the difference is the banks' profit.

Explanation: Hopefully this helped!

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A job ________ involves determining, through observation and study, the specific tasks that comprise a job; the knowledge, skill

umka21 [38]

Answer:

A job description involves determining

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3 years ago

The daily sales of a peanut butter at Power's Grocery are normally distributed, with a mean of 12 jars and a standard deviation

Alenkasestr [34]

Answer:

d. 81

Explanation:

E(number of order) = E(X1) + E(X2) + 21 -4

= 12 + 12 + 17

= 41

Therefore, The store should order 81 .

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3 years ago

How long does it take to become a millionaire? A $500,000 investment will hit $1 million in 39 years at an annual interest ra

Solnce55 [7]

Answer:

It will take 30.10 year

Explanation:

We have given initial investment $500000

Future value = $ 1 million = $1000000

Rate of interest r = 1.79 %

We have to find the time taken to reach the amount $1000000

We know that future value is equal to $A=P(!+\frac{r}{100})^n$

$1000000=500000(!+\frac{1.79}{100})^n$

$2=(1.0179)^n$

Taking log both side

$log2=nlog1.0179$

n×0.0077 = 0.3010

n = 39.09 year

Now in second case rate of interest

r = 2.34 %

So $1000000=500000(1+\frac{2.34}{100})^n$

$2=(1+\frac{2.34}{100})^n$

$2=1.0234^n$

taking log both side

log 2 = n log 1.0234

n×0.01 = 0.3010

n = 30.10 year

8 0

3 years ago

The additional dining space will occupy space next to Olaf’s that was recently rented to a tenant. By claiming the space for the

Illusion [34]

Answer:

$12,146

Explanation:

The computation of present value of this opportunity cost is shown below:-

Net After tax Operating Profit Per month = Rent space per month × Profit margin on the renting the space percentage

= $1,000 × 30%

= $300

Project is for 4 Years

Total months = 4 × 12

= 48 Months

Interest Rate Per month = 9% ÷ 12

= 0.75%

As per the question the Rent is Received at the start of the month

So Present Value of this opportunity cost = $300 (1 + PVAF (0.75%,47))

= $300 × ( 1 + 39.486)

= $12,145.85

= $12,146

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3 years ago

The evolutionary development of the species H. sapiens a. is determined solely by environmental factors b. is a Mendelian trait

IRISSAK [1]

Answer:

The correct answer is letter "C": is the result of both genetic and environmental factors.

Explanation:

There have been several studies about human evolution as a species. It is inevitable to relate this topic to the prominent findings of Charles Darwin (1809-1882) in his book "On the Origin of Species by Means of Natural Selection, or the Preservation of Favoured Races in the Struggle for Life" or simply known as the Origin of species. Mainly, Darwin sustained that, in general, species' evolution happens thanks to environmental adaptations that are transmitted from one generation of a species to another in their genetics.

7 0

3 years ago