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ale4655 [162]
3 years ago
15

If Apr of a savings account is 2.7% and interest is compounded quarterly, what is the approximate APY of the account

Business
1 answer:
solniwko [45]3 years ago
8 0

Answer:

0.0273 = 2.7%

Explanation:

APY = (1 + r/m)^m - 1

       = (1 + 0.027/4)^4   -  1

       = 0.0273 = 2.73%

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A certificate of deposit allows deposits and withdrawals at any time without a financial penalty.
iogann1982 [59]

Although there is no question here, I am assuming that this is a True/False question because it is a False statement.

A certificate of deposit is an investment with a fixed interest rate for a fixed period of time. There are nearly always penalties for early withdrawal.

3 0
3 years ago
A business is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $14.00 pe
yanalaym [24]

Answer

Option C

Decrease in cost   $132,672

Explanation:

T<em>o determine the increase or decrease in  costs associated with making, we will compare the relevant costs of the two options as follows</em>

<em>                                                                          $</em>

Variable cost of making                                10

Variable cost buying                                      <u>14</u>

Savings in  cost per from making                 4

Total cost savings (decrease)    4 × 33,168 = $132,672

Decrease in cost as result of making =$132,672

4 0
3 years ago
Arriving 20 minutes early to an interview _____. is too early because you will not be able to use your cell phone during that pe
Vikki [24]
If you are 20 minutes early to interview it shows that you can be early for things but sometimes too early to be able to do anything
6 0
2 years ago
Julie is working on formulating a marketing plan to increase the market share of Little Debbie Snack Cakes. According to the dis
Kazeer [188]

Answer:

Correct answer:

d. Increase sales promotion

Explanation:

For Julie who owns the Little Debbie Snacks Cakes, in order for her to increase the market share of his company, there will be need for her to increase her sales promotion. <em>This would be through series of campaign which she could run like "Buy 2 get 1 FREE" or "A dozen order free delivery + gift" etc.</em>

4 0
3 years ago
5. Renew It, Inc, is preparing to pay its first dividend. It is going to pay $0.45, $0.60, and $1 a share over the next three ye
solong [7]

Answer:

$10.14

Explanation:

We need to first find the perpetual stock's worth after 3 years.

The formula would be:

P=\frac{D}{r}

Where

P is price of stock

D is the indefinite dividend worth

r is the rate of return you want

So, it will be:

P_3=\frac{1.25}{0.108}=11.57

Now, we want the stock's worth (in total) for the scenario:

The formula would be:

P=\sum (\frac{D}{(1+r)^t} +\frac{D+P_3}{(1+r)^t}

So, we take individual 3 years, remembering to add the P_3 to the last year (Year 3).

So, we have:

P=\frac{0.45}{1+0.108^1}+\frac{0.6}{(1+0.108)^2}+\frac{1+11.57}{(1+0.108)^3}=10.14

<u>The stock is worth $10.14</u>

8 0
3 years ago
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