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slega [8]
3 years ago
12

Andy deposited $3,000 this morning into an account that pays 5 percent interest, compounded annually. Barb also deposited $3,000

this morning into an account that pays 5 percent interest, compounded annually. Andy will withdraw his interest earnings and spend it as soon as possible. Barb will reinvest her interest earnings into her account. Given this, which one of the following statements is true?
​- Barb will earn more interest the second year than Andy.
- ​Andy will earn more interest in year three than Barb will.
​- Barb will earn more interest the first year than Andy will.
- Andy will earn compound interest.
- After five years, Andy and Barb will both have earned the same amount of interest.
Business
1 answer:
iogann1982 [59]3 years ago
3 0

Answer:

The correct answer is Barb will earn more interest the second year then Andy.

Explanation:

Bank interest is the money that is obtained or paid for the temporary transfer of capital. Its classification is by remunerative interest, or by default interest. And as for its operation, it is important to mention that the economic amount of interest, to be paid or collected, is given by market rules, since there is no legal limitation on them.

The interest rate will be conditioned by the market itself. For example, the interest we pay to our bank for any loan or credit operation is determined by the market interest rates taken as a reference, for example the Euribor and by the guarantees provided in our loan. A fully secured loan (mortgage for example) is much cheaper than another that has few guarantees.

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A _____________________ is created during the first half of the Sprint planning meeting and a _________________ is created durin
Anna007 [38]

Answer:

The correct answer is letter "C": Sprint Goal, Sprint Backlog.

Explanation:

Sprint Planning is the first event where the task to be done in the course of the sprint is planned. In this meeting, the <em>Scrum Master, Product Owner, and the Developing team</em> meet. After brainstorming, the Sprint goal is set during the first half of the planning. In the second half, the Sprint backlog is created to establish the steps that will be taken in the effort of achieving the Sprint plan.

8 0
3 years ago
A(n) _____ is an independent wholesaler who buys related product lines from many manufacturers and sells them to industrial user
Genrish500 [490]

Answer:

1- Industrial distributors

Explanation:

1- They are independent wholesalers that often have a sales force they call on purchasing agents, they also make deliveries, extend credit and provide valuable information. This kind of distributors are used in different industries such as manufacturing, mining, etc.

2- Marketing concept: It is a Philosophy that establish a Company should analyze which are their client´s need and after that, make decisions to satisfy those need, better than anyone else. This concept is adopted by most of the firms nowadays.

3 0
4 years ago
Robin has moved to a new town during her sophomore year in high school. In order to find a new group of friends, she joins the s
ira [324]

Answer:

Letter d is correct. <u>Coping behavior.</u>

Explanation:

The most suitable alternative to the question is the letter d.

Coping behavior can be defined as behavioral and cognitive efforts that an individual exerts to manage some issues that can be internal or external. This type of behavior is used when it is necessary to deal with great changes.

Therefore coping behavior is a process that an individual finds to manage stressful situations that can cause some type of anxiety.

6 0
3 years ago
Read 2 more answers
Credit card companies track your transactions. how can they abuse this?
Alexus [3.1K]
Answer:
Credit card companies can invade your privacy by monitoring all your credit card transactions and making decisions, whether correct or incorrect, about your credit worthiness and your character.

Explanations:
All credit card transactions are logged into a data base which is accessible to credit card companies. 
Therefore credit card companies can form opinions about your credit worthiness on the basis of your credit card transactions.

For example, if you use your credit card to pay for groceries, utilities, and ordinary bills, a credit card company could assume that you are in financial distress and make a decision to reduce your credit limit.
If a person uses a credit card often at a casino or gambling locations, that could also signify to credit card issuers that the person may not be using money wisely, and may not be willing to provide more credit to the gambler.

To sum it up, personal privacy is lost whenever a person uses a credit card. Credit card issuers may form opinions about a card holder that may be correct or incorrect, based on the person's credit card transactions.

7 0
3 years ago
Daniel deposits $2,000 per year at the end of the year for the next 15 years into an IRA account that currently pays 7%. How muc
diamong [38]

Answer:

$50,258.

Explanation:  

According to the scenario, computation of the given data are as follow:-

We can calculate the deposit amount at the end of 15 years by using following formula:-

Deposit Amount per year(PMT) = $2,000

Interest rate = 7% = 0.07

Deposit year (n) = 15 years

Future value(FVIFA) = PMT × [{(1 + interest rate)^number of years - 1} ÷ interest rate]

= $2,000 × [{(1 + 0.07)^15 - 1} ÷ 0.07]

= $2,000 × [{2.7590315 - 1} ÷ 0.07]

= $2,000 × [1.7590315/0.07]

= $2,000 × 25.129022

= $50,258

According to the analysis total deposit at the end of the year is $50,258.

         

5 0
3 years ago
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