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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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A firm is evaluating a capital budgeting project that generates cash inflows equal to $50 per year for the next five years. If t
Anna11 [10]

Answer:

Initial Cost = $180

Explanation:

Payback period estimates the time an investment projects resulting cash flows take to recover the initial amount o=invested in the project. A traditional payback period doesnot take present value into account and just focuses on the nominal recovery of the initial investment.

If a capital budgeting project provides inflows of $50 per year and the payback period is 3.6 years, the initial investment is:

3.6 = 50 + 50 + 50 + x

Where x = 0.6 of 50

and x = 0.6 * 50 = 30

Initial cost = 50 + 50 + 50 + 30 = $180

3 0
3 years ago
You would most likely use a _____ to input old photos into a computer.
Westkost [7]
You would most likely use a scanner to input old photos into a computer.
6 0
3 years ago
Read 2 more answers
"Where can you see a list of all the transactions that have been matched or added to a bank register via the bank feed?"
gogolik [260]

Answer:

Categorized

Explanation:

For viewing a list of all transactions that should be matched or added to a bank register through a bank feed is the categorized. In this, we can review can be done for all type of transactions that is downloaded in the bank feed

So as per the given statement, the categorized is the answer and the same is relevant

Therefore, the third option is correct

6 0
3 years ago
Mandy and Jeff have a net worth of $25,000 and total assets of $140,000. If their revolving credit and unpaid bills total $2,200
Levart [38]

Answer:

A. $115,000

Explanation:

Given that

Total asset = 140,000

Net worth = 25000

Recall that

Net worth = Total asset - total liabilities

Therefore,

Total liabilities = Total asset - Networth

Thus,

Total liabilities = 140000 - 25000

= $ 115,000

Therefore, total liabilities = $115,000

Note that, total liabilities is the total debt and financial obligations owed by a business to individuals or organizations during a specific period of time. The 2,200 is not useful in calculating because it's already accounted for in the 115,000.

5 0
3 years ago
How many years would it take for Jughead to save an adequate amount for retirement if he deposits $2,000 per month into an accou
Free_Kalibri [48]

Answer:

The number of year needed to save the amount = 36.2739

Explanation:

The annual deposit amount (A) = $2000

Annual interest rate (r ) = 12 %

The retirement amount or the expected amount at the time of retirement (FV)  = $1000000

Number of years = n

So if the Jughead want the retirement amount $1000000 that has interest rate 12 percent then we need to calculate the number  of years.

Below is the calculation of number of years.

FV = A \frac{(1 + r)^{n}}{r} \\1000000 = 2000 \frac{(1 + 12 \  percent )^{n} - 1}{12 \ percent} \\\frac {1000000}{2000} = \frac{(1 + 12 \  percent )^{n} - 1}{12 \ percent} \\500 = \frac{(1 + 0.12)^{n} - 1}{0.12} \\ n = 36.2739 \ years

7 0
3 years ago
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