A commercial bank offers products and services such as loans, savings accounts, safety deposit boxes and mutual fund/insurance to individuals and businesses.
The parents would deposit $ 3150 on the second birthday.
Explanation:
The initial amount deposited on the first birthday- $ 3000
Incremental % for each year deposit- 5 %
Rate of Interest provided by the education savings account- 6%
The term for which they would be depositing- 18 years (until the baby turns of 18 years means 18 annual instalments)
The amount that parents would deposit on the second birthday-
The amount deposited by parents would be 5% more than the amount deposited by them on the previous birthday
Hence incremental amount would be 5% of 3000
(5/100) *3000= $ 150
The amount that would be deposited on 2nd birthday would be 3000+150= $ 3150
A self-motivation was ablt to fit into the career readiness model because it is an attitude.
<h3>What is a
self-motivation?</h3>
It refers to the personal ability to motivate and drive oneself to take initiative and action to pursue set goals and complete tasks.
Therefore, the self-motivation was ablt to fit into the career readiness model because it is an attitude that is innate in an individual.
Read more about self motivation
<em>brainly.com/question/11871721</em>
The nominal annual rate of return is 20%
Given,
Annual dividend = $2.50(4) = $10. rps
= Dps/Vps = $10/$50 = 0.20 = 20%
The nominal rate of go back is the quantity of cash generated by way of an investment before factoring in charges such as taxes, funding charges, and inflation. If an funding generated a ten% go back, the nominal rate would equal 10%.
Nominal interest price refers back to the hobby price earlier than taking inflation into consideration. Nominal also can seek advice from the advertised or said interest rate on a loan, without contemplating any fees or compounding of interest.
Learn more about interest here: brainly.com/question/2294792
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