1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
solong [7]
3 years ago
14

Assume Julian has a choice between two deposit accounts. Account A has an annual percentage rate of 7.55 percent but with intere

st compounded monthly. Account B has an annual percentage rate of 7.45 percent with interest compounded continuously. Which account provides the highest effective annual​ return? A. Account A B. Account B C. Both provide the same effective annual return. D. We​ don't have sufficient information to make a choice.
Business
1 answer:
Alex Ar [27]3 years ago
6 0

Answer:

The correct answer is letter "A": Account A.

Explanation:

Compound interest is the interest an investor earns on the original investment plus all the interest earned on the interest that has accumulated over time. It is also called <em>interested on interested</em>. The frequency of compounding could be scheduled from daily to annually. The more frequent the compound interest is set, the most beneficial it is for the investor.

In that sense, account A will provide Julian with the highest annual return since it gives him a compound interest on a monthly basis v. annually with account B.

You might be interested in
Final Examination Hide or show questions Calculator Problem 9-23 (b) (LO. 2) Ricardo, who is self-employed, uses his automobile
Anna35 [415]

Answer:

Explanation:

a) actual cost method:-

=deductions × percentage

= 345 + 205 + 85% (2800 + 275 + 180 + 1890 +3600 +4125 )

=550 + 10939.5

=11489.5 = 11490

Note :- fines are not taken.

b) automatic mileage method:-

=total number of business miles × standard rate

=32200×0.58 +345+205

=19226

5 0
3 years ago
Clyde contracts with Deephole Excavation, Inc., to dig an agricultural pond on his farm. Deephole is to keep the excavated grave
anastassius [24]

Answer: Discharged

Explanation:

 Discharge contract is one of the type of concept that helps in making the various types of agreement between the two members or any two companies.

The discharged contract is basically discharged by using the various types of operation of laws and also b terminating the different types of obligations.

According to the given question, the Clyde contracts with the deep-hole excavation Inc., is one of the type of discharged contract for the process of digging an agriculture farm. Therefore, Discharged contract is the correct answer.  

8 0
3 years ago
Branford has one share of stock and one bond. The total value of the two securities is $1,200. The bond has a YTM of 10.2%, a co
riadik2000 [5.3K]

Answer:

The price of the stock is expected to be $188.16 in 1 year.

Explanation:

This can be determined as follows:

Current price of the stock = Expected next dividend / Expected return = $24.87 / 15.2% = $163.62

Expected stock price in 1 year = Current price of the stock * (100% + Expected return)^Number of year = $163.62 * (100% + 15.2%)^1 = $188.16

Therefore, the price of the stock is expected to be $188.16 in 1 year.

8 0
3 years ago
A portfolio analysis involves:________
ollegr [7]

Answer:

separating a company's products and services into different categories that represent its business portfolio.

Explanation:

8 0
3 years ago
What does Accenture help businesses implement to ensure their data is trustworthy and reliable? data citizenship and literacy pr
FinnZ [79.3K]

Answer:

data governance and management policies.

Explanation:

A database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to create, store, modify, retrieve and manage data or informations in a database. Generally, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.

Basically, a data database system typically contains the records about all the data elements (objects) such as data relationships with other elements, ownership, type, size, primary keys etc. These records are stored and communicated to other data when required or needed.

One of the world's largest management and technological consulting company that provide services such as database management, consulting, strategy and outsourcing is Accenture.

Accenture help businesses implement data governance and management policies in order to ensure their data is trustworthy and reliable.

7 0
3 years ago
Other questions:
  • Which of the following marketing messages are consumers most likely to trust?
    12·2 answers
  • Paddy has lots of cousins. With a family reunion in the near future, Paddy decides to collect income information for himself and
    13·1 answer
  • A farmer has been given the opportunity to become a part owner in a local fertilizer business. If the farmer becomes an owner of
    13·1 answer
  • BigFoot is a new online shoe retailer that just hit the market. If a customer chooses to shop at BigFoot rather than Zappos, thi
    8·1 answer
  • Cabell Products is a division of a major corporation. Last year the division had total sales of $13,420,000, net operating incom
    12·1 answer
  • Which law is referred to as the credit cardholders Bill Of Rights ?
    6·2 answers
  • During 2015, LeBron Corporation accepts the following notes receivable.a. On April 1, LeBron provides services to a customer on
    5·1 answer
  • You are in charge of your country's currency, which is backed by a gold standard. Unfortunately, gold production is dropping sha
    14·1 answer
  • The following information was drawn from the balance sheets of the Kansas and Montana companies: Kansas Montana Current assets $
    14·1 answer
  • Lymen International is considering a significant expansion to its product line. The sales force is excited about the opportuniti
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!