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Zina [86]
4 years ago
15

Jack Palomo has deposited $2,500 today in an account paying 6 percent interest annually. What would be the simple interest earne

d on this investment in five years?
A) $750; $95.56.
B) $150; $845.56.
C) $150; $95.56.
D) $95.56; $845.56.
Business
1 answer:
rosijanka [135]4 years ago
8 0

Answer:

Option (A) $750

Explanation:

Data provided in the question:

Principle amount i.e the amount deposited = $2,500

Interest rate = 6% = 0.06

Time = 5 years

Now,

The formula for the Simple interest is given as:

Interest = Principle × Rate of interest × Time

Thus,

Interest = $2,500 × 0.06 × 5

or

Interest = $750

Hence,

Option (A) $750

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Paraphin [41]

Answer:

Present value= $62,722.875≈ $62,723

Explanation:

To calculate present value use this formula

Present value= Yearly payment*{[1-(1+rate)^-period]/rate}

Present value= 8,500*{[1-(1+0.11)^-16]/0.11}

Present value= 8,500* {0.8117/0.11}

Present value= 8500*7.379= $62,722.875

5 0
3 years ago
In a department meeting, javier shares some research on new software he thinks the company should purchase. roger agrees with ja
katovenus [111]

In this scenario, Roger's behaviour would best be classified as an elaborator.

While working in a group each individual contributes in their own ways.

Benne and Sheats defined roles in a group and classified them in three categories. These categories are

1. Task roles : relate to actually achieving the task goals.

2. Personal Roles : relate to the interpersonal relationships between team members. A highly qualified team, when all team members with a high ego will not be able to achieve the desired goal within the deadline.

3.Dysfunctional Roles: do not contribute in any way to a group. They are only interested in serving their own interests and more often than not, are responsible for disruptions and discord within the group.

The right combination of various roles in a group goes a long way in achieving a goal.

The Elaborator is a task role. The Elaborator takes up an idea and gives his views on how that idea might turn out if it is implemented in the given suggestion.

3 0
3 years ago
Quinn has landed a management position with a pioneering new small business after many years of working as a regional manager fo
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Answer: b.the principles of management are much the same at large and small firms.

Explanation:

Quinn will find that Management Principles do not discriminate against different sizes of firms and that the principles that work in one size can work across ALL sizes.

She will find that the same Principles that helped her in her big NGO will help her JUST AS WELL in this small but pioneering business.

4 0
3 years ago
Why is insurance necessary for businesses and individuals
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Answer:

Incase of any emergency like an accident 5hey can support you

5 0
3 years ago
Vance has a vested account balance in his employer-sponsored qualified profit-sharing plan of $40,000. He has two years of servi
Maurinko [17]

Answer: $5,000

Explanation:

Per the requirements of qualified plans that permit loans, the maximum amount that an individual can withdraw is whichever is lesser between $50,000 and 50% of their Vested Account Balance.

Vance in this scenario has a vested account balance of $40,000.

50% of that would be $20,000.

That means that he can be loaned $20,000. However, he already has an outstanding loan balance that must be accounted for of 15,000.

Subtracting those figures we have,

= 20,000 - 15,000

= $5,000

The maximum loan that Vance can take from the qualified plan is $5,000

7 0
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