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slega [8]
4 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]4 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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When a person purchases stock in a company, he is in reality loaning money to the company.?
tia_tia [17]
No , he is not.

When a person purchases stock in a company, he became parts of the owners of the company.

The company does not we him anything. If company is making profit, he get a dividend payment. If don't, it's his risk for buying the stocks

hope this helps
8 0
4 years ago
Read 2 more answers
What is the purpose of Amazon Dash?
Effectus [21]

Answer:

D. To allow consumers to rapidly place orders with Amazon.

Explanation:

The Amazon Dash Button is a small device that you can stick to virtually any surface in your home, and it let's you instantly order household items you're about to run out of.

3 0
4 years ago
Next year baldwin plans to include an additional performance bonus of 0. 5% in its compensation plan. This incentive will be pro
galben [10]

Baldwin will pay (D) $29.63 to its employees per hour.

<h3>What is a bonus?</h3>
  • Employees typically receive a bonus payment in addition to their base compensation as part of their wages or salary.
  • While the base compensation is often a predetermined amount per month, incentive payouts may change based on established factors such as annual turnover, the net number of additional customers recruited, or the current value of a public company's shares.
  • Thus, bonus payments can work as incentives for managers, engaging their attention and personal interest in what is perceived as beneficial to the economic performance of their companies.

Consider the following calculations to determine how much Baldwin pays its employees:

  • Total raise = 5% + 0.25% = 5.25%
  • Present wages = $28.15
  • Baldwin will pay = $28.15 × (1.0525) = $29.63

Therefore, Baldwin will pay (D) $29.63 to its employees per hour.

Know more about a compensation plan here:

brainly.com/question/25438234

#SPJ4

The complete question is given below:

Next year Baldwin plans to include an additional performance bonus of 0.25% in its compensation plan. This incentive will be provided in addition to the annual raise if productivity goals are reached. Assuming the goals are reached, how much will Baldwin pay its employees per hour?

Select: 1

(A) $28.22

(B) $31.04

(C) $28.15

(D) $29.63

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2 years ago
What is a housefly plssss help
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A fly that’s lives in your house
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3 years ago
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You want to search for articles that discuss the role of nature in the poetry of Emily Dickinson. You're specifically interested
DENIUS [597]

Answer:

a.(bees OR flowers) AND dickinson

Explanation:

We defenitevily want Dickinson in our search as it is the writer we are interest on. Thus the statment should be and AND as an OR may leave it off the equation. and the system will look for bees or flowers from pretty much any writer. Dickinson is an exclusive factor.

Then, from the topoc of his poetry we look for bees or flowers at an equal interest. With findings of just one of these two concepts we are satisfied thereofre and OR statement is the way to go.

3 0
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