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3 years ago

When choosing a savings account to open, you should look for:

Business

1 answer:

Damm [24]3 years ago

6 0

Answer: A higher interest rate.

Explanation: Most savings accounts do not have a high interest rate at the moment.

You might be interested in

"You need to have $15,000 in five years to pay off a home equity loan. You can invest in an account that pays 5.75 percent compo

Nana76 [90]

Answer:

I have to invest $11364.

Explanation:

The formula of Compound Interest is:

$A = P(1+\frac{r}{n})^{nt}$

where A = Amount

P = Principle

r = rate

n = Number of Compounding per year

t = total number of year

Here, A = 15000, r = 5.75% = 0.0575, n = 4(quarterly), and t = 5.

Putting all these values in above formula:

$15000 = P(1+\frac{0.0575}{4})^{4\times5}$

⇒ $15000 = P(\frac{4.0575}{4})^{20}$

⇒ $15000 = P(1.014)^{20}$

⇒ $15000 = P(1.320)}$

⇒ P = 11364

Hence, I have to invest $11364 for 5 years.

4 0

3 years ago

Hey guys! please help me with this questions.

KiRa [710]

Answer:

1.Business objectives are the specific and measurable results companies hope to maintain as their organization grows. Entrepreneurs and business leaders must track performance in every part of their business to make sure they're moving in the right direction

Explanation:

3 0

3 years ago

Many restaurants offer daily specials, appetizers, entrees, and desserts not listed on their standard menu. These daily specials

stiv31 [10]

Answer:

B) satisfying the changing needs of current and new customers.

Explanation:

When a restaurant wants to introduce a new dish, it's best to test the market response to the dish before listing it on the standard menu. A type of test would be offering the dish only in special occasions, when sales are higher, and more potential customers visit the restaurant.

Another way is to simply offer the dish in a normal weekday, and see how people respond to it under regular conditions.

8 0

3 years ago

Suppose the price of a bag of tortilla chips decreases from $3.00 to $2.50 and, as a result, the quantity of tortilla chips dema

Tresset [83]

Answer:

2.20

Explanation:

The Price elasticity will be:

Δdemand/ΔPrice

The mid point is used to calculate the increases.

Δdemand = ΔQ/midpointQ

(Q2+Q1)/2 = mid point quantity = (300+ 200)/2 = 250

ΔQ = 300-200 = 100

Δdemand = 100/250 = 0.4

Same procedure is applied with the Price numbers:

Δprice = ΔP/midpointP

(P2+P1)/2 = mid point price = (3+ 2.5)/2 = 2.75

ΔP = 2.5-3 = 0.5

Δprice = 0.5 / 2.75 = 0.181818

FInally we calculate the price elasticity:

Δdemand/ΔPrice

0.4/0.1818181818 = 2.2

4 0

4 years ago

Which of the following is true of performance management? Select one: a. It focuses on analyzing employee performance by groupin

xxTIMURxx [149]

Answer: The following is true of performance management: It focuses on analyzing employee performance by grouping them into predefined frequencies of performance ratings.

Performance management are predefined activities that check whether the short term and long term goals are achieved in an effective and cost-effective manner. It also focus on the performance of an organization, a sector, an worker, or the activity.

Therefore, the correct option is (a.)

7 0

3 years ago