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
tia_tia [17]
3 years ago
10

Walter wants to deposit $1,500 into a certificate of deposit at the end of each ofthe next 6 years. The deposits will earn 5 per

cent compound annual interest. IfWalter follows through with his plan, approximately how much will be in his accountimmediately after the sixth deposit is made?
Business
1 answer:
polet [3.4K]3 years ago
6 0

Answer:

  $10,202.87

Explanation:

The balance will be the sum of a 6-term geometric sequence with first term 1500 and common ratio 1.05. The sum of such a sequence is given by ...

  sn = a1(r^n -1)/(r -1)

We have a1=1500, r=1.05, n=6, so the sum is ...

  s6 = 1500(1.05^6 -1)/(1.05 -1) = 10,202.87

Walter's account balance after the 6th deposit will be $10,202.87.

You might be interested in
The Megabux National Bank currently has deposits of $200 million. If the Fed establishes a reserve requirement of 12 percent, Me
scoundrel [369]

Answer:

Option (B) is correct.

Explanation:

Given that,

Megabux National Bank currently has deposits = $200 million

Fed establishes a reserve requirement = 12 percent

Therefore,

Reserves must be hold by the Megabux national bank against its deposits:

= Amount of Deposits × Required reserve ratio

= $200 million × 12 percent

= $200 million × 0.12

= $24 million

5 0
3 years ago
least five data analysis techniques that could be used for research and describe the application of each​
anyanavicka [17]
What is your research on so it well be easier for me to help me
4 0
3 years ago
During her interview at Masters International, Johanna was asked several questions inquiring about her past job performance, suc
Alexxx [7]
<h2>Johanna participated in a <u>behavioral-description </u>interview</h2>

Explanation:

Organization believes that if an employee can control is emotions and behave properly he / she is likely to work for more number of year in the company.

So in this situation, the interviewer tried to check the behavioral-description technique of handling various types of customers in her previous experience so that based on the reply, he consider the applicant.

There are some favorite questions of interviewer based on this technique are listed below:

  • How do you handle stress?
  • How do you face challenges?
  • Have you ever committed mistake?
8 0
3 years ago
Read 2 more answers
Based on his​ preferences, Bill is willing to trade 5 movie tickets for 1 ticket to a basketball game. If movie tickets cost ​$1
Leviafan [203]

Answer:

Bill shouldnt trade movie tickets for basketball​ tickets, since  MRS > Pb/Pm.

Explanation:

Price ratio = Pb/Pm

                 = $46/$10

                 = 4.6

MRS = 5/1

        = 5

MRS > Pb/Pm

Therefore, Bill shouldnt trade movie tickets for basketball​ tickets, since  MRS > Pb/Pm.

4 0
4 years ago
Q2. Why is the biotech industry a global industry?
CaHeK987 [17]
I can help with question two, but not question three. 
The answer to question two is that biotech companies are part of the global industry from day one. Because capital is global, diseases know no borders, people are mobile, and you can get science anywhere in the world, there is an immediate competition with all other bioscience companies in the world.  
In other words, when you start a biotech company in the US, you are immediately competing with biotech companies in Japan, the UK, etc. because you're all competing for the same capital, the same consumers, the same pharmacies, etc. 
My best guess for question three is just that regulations are always important for global businesses (or really any business in general) as they protect both the businesses, the employees, and the consumers. In the case of biotech businesses, they protect people from false advertising of the benefits of products for example. 
Hope this helps!
6 0
3 years ago
Other questions:
  • A particular restaurant experiences a decrease in business, and this leads to a budget deficit. to balance the budget, the manag
    6·1 answer
  • Holding cash simply as a financial reserve is referred to as the ____ motive.
    14·1 answer
  • A project is:a.A set of sequential activities performed in a process or system. b.A revenue-generating activity that needs to be
    12·1 answer
  • Dakota Company had net sales (at retail) of $260,000.
    13·1 answer
  • Free Motion Enterprises paid a $2.20 per share annual dividend last week. Dividends are expected to increase by 3.75 percent ann
    7·1 answer
  • A company is going to issue a $1,000 par value bond that pays a 5% annual coupon. The company expects investors to pay $684.5 fo
    14·1 answer
  • The Lime Corporation has obtained the following sales forecast data:
    8·1 answer
  • A producer of fixed proportion goods X and Y (Q = Qx = Qy) has marginal costs and revenues of MC = 10 Q, MRX = 150 - 6 QX, MRy =
    7·1 answer
  • The federal funds rate is the interest rate that banks charge each other.<br><br>T or f
    14·1 answer
  • You buy a security that will pay you $500 in 1 year. You pay $455 today. If you hold this security to maturity, your yield to ma
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!