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Liula [17]
3 years ago
12

How have ATMs evolved since then? Have you used one? Explain.

Business
2 answers:
olga2289 [7]3 years ago
8 0
<h2>The following points describe how have ATMs evolved since their first setup: </h2>

  • The very first ATM that came out in 1967 functioned with paper printed on with radioactive ink that the machine could read to process the information.
  • The more popular type of ATMs came out two years later in 1969 and were disseminated throughout the United States over the next decade.
  • The new ATMs used plastic cards similar to the cards that we use today.
  • Both the types of cards and the interface of the ATMs changed with time.
anygoal [31]3 years ago
8 0

Answer:

I have been using Automated teller machine (ATM) for over a decade now and I can tell that it advance is great.

Explanation:

Owing to the fact that the automated teller machine is a product of the evolving world of information technology, it sole aim was to dispense cash but today we have ATMs that perform some other spectacular but trivia transactions like payment of bills

Deposit of cash, also it now accommodate finger print and Irish scanner to authenticate users the list is endless as the world of information technology is still advancing, we just have to relax and watch new features being added to the ATM.

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To help you reach a $5,000 goal in five years from now, your father offers to give you $500 now. You plan to get a part-time job
elena55 [62]

Answer:

He needs to deposit each year $747.38

Explanation:

Giving the following information:

To help you reach a $5,000 goal in five years from now, your father offers to give you $500 now. You plan to get a part-time job and make five additional deposits, one at the end of each year for 5 years. Your first deposit will be made at the end of the first year. The money is deposited in a bank that pays 7% interest.

First, we need to calculate the final value of the first $500 that the father gave him:

FV= PV*(1+i)^n

FV= 500*(1.07)^5=

FV= 701.28

Now, we have to calculate the annual deposit required:

Difference= 5,000 - 701.28= 4,298.72

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (4,298.72*0.07)/[(1.07^5)-1]

A= $747.38

7 0
3 years ago
Grand Adventure Properties offers a 7 percent coupon bond with annual payments. The yield to maturity is 5.85 percent and the ma
tensa zangetsu [6.8K]

Answer:

The market price of this bond is: $1,069.8.

Explanation:

To calculate the market price of the bond, we have to use the following formula:

Bond Price= C*((1-(1+r)^-n)/r)+(F/(1+r)^n)

C= periodic coupon payments: $1,000*7%= $70

F= Face value: $1,000

r= Yield to maturity: 5.85%

n= No. of periods until maturity: 8 years

Bond Price= 70*((1-(1+0.0585)^-8)/0.0585)+(1,000/(1+0.0585)^8)

Bond Price= 70*((1-0.635)/0.0585)+(1,000/1.58)

Bond Price= 70*6.24+633

Bond Price= 436.8+633

Bond Price= 1,069.8

7 0
3 years ago
A customer tells you that they “must have” a particular item that you are out of in your store. You can tell that the customer i
snow_lady [41]
I think first i would calm her down.

Next, i would patiently tell them that the currently the product that she asking for is currently available.

After that, i would offer to hold one product just for her when it's available and contact her as soon as it arrived

hope this helps
6 0
3 years ago
Who is demonstrating entrepreneurship? for bca in high school
ollegr [7]
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4 0
3 years ago
What is the researchers estimate of coronavirus​
Anettt [7]

Answer:

it 14%

Explanation:

6 0
4 years ago
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