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Svetllana [295]
3 years ago
10

Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compou

nds. Which should he choose if he wants the best rate of return on his interest?
A) Annual Compounding
B) Semi-Annual Compounding
C) Monthly Compounding
D) Daily Compounding
Business
1 answer:
GaryK [48]3 years ago
7 0

Answer: D) Daily Compounding

Explanation:To earn as much interest as possible, Anthony should open a savings account that earns compound interest and has the highest interest rate.

Daily compounding is compounded every day, hence Anthony will get the best rate of return on his interest with this.

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When a company sets the date that the final payment is due to the bondholder, they are setting the ________ date.
ruslelena [56]

The company is setting the maturity date when the final payment is due to the bondholder.

The bondholder is the owner of the debt securities which are issued by companies or governments.

The bondholders are the parties who are lending their money to the bond issuers.

So, the bondholders are entitled to periodic repayment of the bond from the bond issuers.

So, when the Final payment is due to the bondholder, the date is addressed as maturity date because that is when the bond contract lapses unless the repayment is not complete.

Learn more about this here

<em>brainly.com/question/10552548</em>

6 0
3 years ago
Tanner takes out a loan today and repays the loan with eight level annual payments, with the first payment one year from today.
Inessa [10]

Answer:

Total interest = 1239.12

Explanation:

Assume;

Loan amount = P

Annual payment = X

P[1st payment] = X/[1+0475]⁸

P[1st payment] = X/[1.0475]⁸  

P[5th payment] = X/[1+0.0475]⁴

P[5th payment] = X/[1.0475]⁴

P[5th payment] = 699.68

So,

X = 699.68[1.0475]⁴

X = 842.39

P = (842.39/0.0475)(1 – 1/1.0475⁸)

P = 5,500  (Approx)

Total interest = [842.39 x 8] - 5,500

Total interest = 1239.12

3 0
3 years ago
Bibby Auto Shop uses a normal job-costing system to allocate overhead on the basis of labour hours. For the current year, Bibby
geniusboy [140]

Answer and Explanation:

The journal entry is shown below:

Overhead $4,700  

   Cost of goods sold $4,700

(Being overapplied overhead is closed)

Here the overhead is debited as it increased the expenses and credited the cost of goods sold as it decreased the expense

8 0
3 years ago
During its first year of operations, a company entered into the following transactions: Borrowed $5,000 from the bank by signing
fiasKO [112]

Answer:

The amount of total assets at the end of the year is $15,600

Explanation:

The computation of the total assets is shown below:

= Borrowed amount + issued stock to owners + purchase of supplies - paid to supplies

= $5,000 + $10,000 + $1,000 - $400

= $15,600

We considered all the items which are given in the question. The payment made to supplies should be deducted as it reduced the balance of cash So, the remaining items would be added

8 0
4 years ago
Leadership final the nurse manager believes that her employees are self-motivated, creative, and willing to take responsibility
JulsSmile [24]

Leadership final the nurse manager believes that her employees are self-motivated, creative, and willing to take responsibility for their jobs. this belief represents McGregor's Theory Y.

<h3>What is the key element of success for a nurse manager as a leader?</h3>

A key component of a nurse manager's success as a leader is including the direct care nurses in decision-making. An effective leader should lead a team either with limited or many team members.

People are self-motivated and love the challenge of work, according to theory Y. With this presumption, managers foster a closer working relationship with their staff members and inspire them by giving them the freedom to act independently, take on responsibility, and make decisions.

The nurse manager is confident in the ability, initiative, and willingness of her staff to assume responsibility for their work. This idea stands in for McGregor's Theory Y.

Therefore, the correct answer is option c. McGregor's Theory Y.

The complete question is:

The nurse manager believes that her employees are self-motivated, creative, and willing to take responsibility for their jobs. This belief represents:

a. Maslow's hierarchy of needs.

b. McGregor's Theory X.

c. McGregor's Theory Y.

d. Herzberg's two-factor theory.

To learn more about McGregor's Theory Y refer to:

brainly.com/question/25811833

#SPJ4

3 0
2 years ago
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