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Vera_Pavlovna [14]
3 years ago
10

Sam just opened a savings account paying 3.5 percent interest, compounded annually. After four years, the savings account will b

e worth $5,000. Assume there are no additional deposits or withdrawals. Given this, Sam:
Business
1 answer:
Tasya [4]3 years ago
6 0

Answer:

could have deposited less money today and still had $5.000 In four years If the account paid a higher rate of interest

Explanation:

here is the full question

Sam Just opened a savings account paying 3.5 percent interest, compounded annually. After four years, the savings account will be worth $5,000. Assume there are no additional deposits or withdrawals. Given this, Sam: Multiple Choice will earn the same amount of Interest each year for four years will earn simple interest on his savings every year for four years. could have deposited less money today and still had $5.000 In four years If the account pald a higher rate of interest. has an account currently valued at $5,000. could earn more Interest on this account if the Interest earnings were withdrawn annually.

He would not earn the same amount of interest each year due to compounding. This is also the reason the simple interest would differ from compound interest.

To determine the value today, the present value has to be determined. This would be done by discounting the future value

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Eduardo has always wanted to operate his own fast food restaurant but he knows the high failure rate of restaurants. To increase
telo118 [61]

Answer:

buying a franchise of a well-established restaurant.

Explanation:

A franchise business model is a business arrangement where the owner or 'franchisor' sells the rights of a business to ' franchisee' who operates an independent outlet.  The rights that a franchisee acquires include business name, logo,  business and operating models.  Examples of known franchises are MacDonald,  subway, and Starbucks.

The biggest advantage Eduardo will gain by purchasing a franchise is that he will get instant access to a well-established brand name.  Eduardo does not need to spend resources on creating a name, or products to introduce to customers. An established franchise will provide him with customers,  a management model, and a chance to succeed.

4 0
3 years ago
Darryl’s portfolio includes 66 shares of Essentia Inc., 95 shares of SFT Legal, and 180 shares of Grath Oil. If Essentia Inc. pa
PSYCHO15rus [73]

Answer: d. $579.44

Explanation:

Dividends from Essentia Inc.

= 66*$1.79

= $118.14

Dividends from SFT Legal

= 95*$2.62

=$248.90

Dividends from Grath Oil

=180*$1.18

=$212.4

Total Dividends

=$118.14 + $248.90 + $212.4

=$579.44

Darryl's total Dividends each year amounts to $579.44

7 0
3 years ago
Jonathan enjoys working with numbers recognizing patterns problem solving the learning style that best fits Jonathan is
iogann1982 [59]
I think the answer to your question is Mathematical/Logical.
3 0
3 years ago
You are not required to wear a helmet while operating a motorcycle if you can show proof that you are covered by an insurance po
faust18 [17]
You are not required to wear a helmet while operating a motorcycle if you can show proof that you are covered by an insurance policy that provides at least C)$10,000 in medical benefits.

This situation related to the financial responsibility of the motorcycle driver to cover the accident. This situation regulated with a regulation called the Financial Responsibility Law.
8 0
3 years ago
Read 2 more answers
Prepare journal entries to record the following transactions involving the short-term securities investments of Natura Co., all
Bingel [31]

Explanation:

The journal entry  is shown below;

Short term investment A/c Dr $156,000

             To Cash $156,000

(Being the cash is paid to purchase the short term investment)

For recording this transaction we debited the short term investment and credited the cash as cash it is outflow and at the same time it increases the asset so it would be debited

4 0
4 years ago
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