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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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Suppose that nominal GDP was $10000000.00 in 2005 in Orange County California. In 2015, nominal GDP was $12000000.00 in Orange C
amid [387]

Answer:

50%

Explanation:

Here is important to know that when we have the inflation rate (1,50% in this case) this indicator is enough to get the effect of the prices in an economy and get the nominal GDP affected by prices, so if the price level is 1,50% after the comma we have the average of the growth.

6 0
3 years ago
You would like to buy shares of International Business Machines (IBM). The current bid and ask quotes are $103.25 and $103.30, r
Vanyuwa [196]

Answer:

$20,650.00

Explanation:

In the equity market, when shares are being bought there are usually bids submitted that will determine the buying price, so bid price is the price at which a share is bought. In this case it is $103.25.

When selling shares the price at which it is sold is the ask price.

Therefore the price for buying the IBM shares= Bid price* Quantity

= 103.25 * 200= $20,650

5 0
3 years ago
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Credit cards can help When paid off on time regularly
maks197457 [2]

Answer:

good to know.

Explanation:

5 0
3 years ago
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In economic analysis, people's resources are Selected Answer: limited and their wants are also limited. Answers: limited and the
yawa3891 [41]

Answer:

limited and their wants are unlimited.

Explanation:

In economics, resources are scarce and limited, but consumers'  needs are unlimited. Unsatisfied needs or desires are theoretically unlimited, because as soon as you satisfy one need, you find out that you have another need that is unsatisfied. Some economic agents have more disposable resources than others, e.g. one country might have a large population and a lot of land, but their capital is short. The only resource that is scarce for everyone in the same manner is time.

5 0
3 years ago
A Product Manager has been given responsibility for overseeing the development of a new software application that will be deploy
Free_Kalibri [48]

Incomplete question. The missing options read;

a. Design the application’s security features after the application’s initial build is complete.  

b. Schedule development of security features after the application’s initial release.  

c. Utilize a DevSecOps approach to incorporate security into the development process from the beginning.  

d. Contract with an external vendor to develop a security solution separately from the main application.

Answer:

<u>a. Design the application’s security features after the application’s initial build is complete.</u>

Explanation:

Remember, our main concern here is to determine <em>the most time-saving and cost-effective way for the Product Manager to address the new application's security considerations.</em>

Hence, if the Product Manager decides to schedule the development of security features after the application’s initial release, this would not be the most time-saving approach. Also, utilizing a DevSecOps approach to incorporate security into the development process from the beginning and contracting with an external vendor to develop a security solution separately from the main application is not the best cost-saving approach.

However, designing the application’s security features after the application’s initial build is complete would be the most time-saving and cost-effective way for the Product Manager to address the new application's security considerations.

4 0
3 years ago
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