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tatiyna
3 years ago
13

National Bank offers a loan at 13.5% per year, compounded weekly (Assuming there are 52 weeks per year). United Bank offers a lo

an at 13.7% per year, compounded semi-annually. If you are going to borrow money from one of these two banks, which bank you should go for
Business
1 answer:
Pavlova-9 [17]3 years ago
7 0

Answer:

United Bank

Explanation:

assuming that I need to borrow $1,000, if I borrow money from:

National Bank, interest + principal due in one year = $1,000 x (1 + 0.002596)⁵² = $1,144.34

weekly interest rate = 0.2596%

United Bank, interest + principal due in one year = $1,000 x (1 + 0.0685)² = $1,141.69

semi annual interest rate = 6.85%

Since the amount of money owed to United Bank is lower, then I should go there.

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Asa works as an order-taker at Simply Salads, a fast-food restaurant. He does not cook food, or even package the final order, bu
Softa [21]

Answer:

Hierarchical organizational structure

Explanation:

Hierarchical organizational structure is the type of organization structure where the level of management are divided according to function and services they are performing.

though, the level of management is divided into top level management (the planning executives: boards of member, executives, shareholders), middle (determined how the plan and organization goal will be implemented: managers) and lower level (implement the plan: the supervisor, foreman or shift manager), then will have the workers.

this management system involves decision and authority being transfer from level to level.

in the case: Asa is in the worker level, while her shift manager is in the lower level and general manager is in the middle level.

6 0
3 years ago
When the stock market crashed people _____________?
OLEGan [10]
When the stock market crashed people panicked
6 0
3 years ago
An individual has utility function U(x)=x1/4U(x)=x1/4 for salary, and is considering new job offer which pays $80,000 with a bon
vladimir2022 [97]

Answer:

108,280.22

Explanation:

Certainty equivalent is solved by taking the inverse utility function from the expected utility of a random wealth variable

U(x) = x^1/4

U^-1(x) = x^4

U^-1(x) === x^4

CE(x) = x^4

Salary   Bonus   Total income   U(x)= x^(1/4)       P(x)        U(x)*P(x)

80000       0          80000               16.82                1/7             2.4

80000    10000     90000               17.32                1/7            2.47

80000    20000    100000              17.78                1/7            2.54

80000    30000    110000               18.21                 1/7            2.6

80000    40000    120000              18.61                 1/7            2.66

80000    50000    130000              18.99                1/7            2.71

80000    60000    140000              19.34                1/7             <u>2.76</u>

Sum                                                                                             <u>18.14</u>

CE(x) =  18.14^4

CE(x) = 108280.22

So therefore,  the certainty equivalent of this job offer is 108,280.22

5 0
3 years ago
One year ago, Stacey purchased 100 shares of KNF stock for $3,245. Today, she sold those shares for $35.00 per share. What is th
Nataly [62]

Answer:

7.86%

Explanation:

The computation of the capital gain yield on the investment is shown below:

As we know that

Capital gains yield is

= (Selling price per share × number of shares purchased) ÷ (Stock value) - 1

= $3,500 ÷ $3,245 - 1

= 0.07858

= 7.86%

We simply applied the above formula so that the capital gain yield could come and the same is to be considered

3 0
3 years ago
Which of the following costs do not vary with the amount of output a firm produces? a. average fixed costs b. fixed costs and av
Harrizon [31]

Answer:

d. fixed costs

Explanation:

The fixed cost is the cost which does not change if there is a change in the level of production i.e if the production level is increased or decreased it the fixed cost would remain the same as it is previous before

Therefore according to the given situation, since the fixed does not vary with the amount of firm output

Hence, option d is correct

4 0
4 years ago
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