Answer:
Explanation:
You can solve this using a financial calculator. I'm using TI BA II plus ;
N = 40*12 = 480 months
PV = -10,000
PMT = -400
FV = 3,350,000
then CPT I/Y = 0.856% (this is a monthly rate)
Next, to find the APR, multiply monthly rate by 12;
APR = 0.856% *12 = 10.275%
To <em>"enter percentages as decimals and round to 4 decimals"</em>, APR =0.1028
Answer:
Explanation:
a)
It is known that,
P(Sat) = 0.35
P(Sun) = 0.30
P(no rain on Sat) = 1 - 0.35
P(no rain on Sun) = 1 - 0.30
So P(rains on the weekend) = 1 - P(no rain on Sat) P(no rain on Sun) =
= 1 - (1-0.35)(1-0.30) = 0.545
b)
P(Sat Sun) = P(rains on Sat) P(rains on Sun) + P(rains on Sat) P(no rains on Sun) = 0.35*0.30 + 0.35*(1-0.30) = 0.35
Explanation:
While there are literally dozens of soft skills that comprise a great manager, communication, leadership, delegation and trustworthiness are some of the most important qualities.
Communication. ...
Leadership. ...
Listening. ...
Delegation. ...
Critical Thinking. ...
Trustworthiness. ...
Networking. ...
Employee Recognition.
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All commercial banks must keep an account with the Central Bank. These balances are used for cheque clearing purposes between banks. Payments for cheques between banks are set off at the Central Bank’s clearing house. The Central Bank can also demand commercial banks to deposit a certain percentage of their total deposits with the central bank in order to control the money supply.
The Central Bank is a lender of last resort and will aid commercial banks when needed. The Central Bank dictates the interest rate that commercial banks can offer by setting the bank rate. This is the interest rate set by the Central Bank and the rate at which commercial banks and the Central Bank do business, e.g. loans offered by the Central Bank to commercial bank.