1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nana76 [90]
3 years ago
13

You want to invest $24,000 and are looking for safe investment options. Your bank is offering you a certificate of deposit that

pays a nominal rate of 6% that is compounded quarterly. What is the effective rate of return that you will earn from this investment
Business
1 answer:
lys-0071 [83]3 years ago
4 0

Answer:

6.14%

Explanation:

The offered investment has a nominal rate (N) of 6% compounded quarterly (n=4 times a year). The effective rate of return (R) is obtained by:

R = (1+\frac{N}{n})^n-1\\R = (1+\frac{0.06}{4})^4-1\\R=0.0614=6.14\%

The effective rate of return that you will earn from this investment is 6.14%.

*Note that the amount invested is not relevant when determining the effective rate of return, which means that the rate would be the same for any amount.

You might be interested in
One thing that a college might look at when considering accepting a new student is:
scoray [572]
Answer:
D
Explanation:
In order for a college to accept a new student they need to have a look at their GPA.
4 0
2 years ago
Read 2 more answers
On January 2, 2015, Moser, Inc., purchased equipment for $100,000. The equipment was expected to have a $10,000 salvage value at
OLEGan [10]

Answer:

a. Debit Depreciation expense $6,400

   Credit Accumulated depreciation $6,400

b. $33,600

Explanation:

Depreciation is the systematic allocation of cost to an asset. It is given as

Depreciation =  (Cost - salvage value)/estimated life

When accumulated over time, it is known as accumulated depreciation which is deducted from the cost to get the carrying amount of the asset.

Depreciation

= (100000 - 10000)/6

=$15,000

Between 2015 and start of 2019 is 4 years hence

accumulated depreciation at start of 2019

= $15,000 × 4

= $60,000

Net book value  = $100,000 - $60,000

= $40,000

If the asset life is to be extended by 3 years, the remaining useful life changes from 2 to 5 years.

New depreciation rate

= (40,000 - 8000)/5

= $6,400

To record this for 2019,

Debit Depreciation expense $6,400

Credit Accumulated depreciation $6,400

The book value of the equipment at the end of 2019

= $40,000 -  $6,400

= $33,600

4 0
3 years ago
Wanna join a pad let with me, ill send li nk,
ValentinkaMS [17]
No thanks im good thanks for asking tho
5 0
3 years ago
Rosie's flowers company in tulips, ohio, uses an e-commerce software program on its website to allow customers to enter their ow
Anna71 [15]
<span>Rosie's Flowers Company follows a B2C model. This is also known as a business to consumer model. It is when a business has transactions that are directly between the company and the consumers. The consumers are the end users of the products or services.</span>
5 0
3 years ago
Adirondack Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead ra
pantera1 [17]

Adirondack Marketing Inc.'s Factory Overhead per unit of Product A is <em>d. </em><em>$222.09</em><em> per unit.</em>

Data and Calculations:

Overhead             Total       Direct Labor Hours  DLH per Product

                                                                              A                 B

Painting Dept.      $251,700     10,200                 9                 5

Finishing Dept.         61,700      11,900                 5                 6

Totals                   $313,400     22,100                14                 11

The overhead rate for a unit of Product A in the <u>Painting Department</u> = Total overhead in the Painting Department divided by Direct Labor Hours, multiplied by <em>direct labor hours per unit</em> of Product A.

= $222.09 ($251,700/10,200 x 9)

Thus, for a unit of Product A, the overhead rate in the <u>Painting Department</u> is $222.09.

Learn more about overhead allocation at brainly.com/question/14095583

5 0
3 years ago
Other questions:
  • Once you are signed up for overdraft protection, you cannot opt out?<br>True or False​
    15·1 answer
  • g Bob makes his first $ 800 deposit into an IRA earning 7.4 % compounded annually on his 24th birthday and his last $ 800 deposi
    7·1 answer
  • Suppose pizzas and burgers are substitutes. If the price of pizza increases, what happens in each market?
    12·1 answer
  • Using the paid &amp; organic report for her travel website, karen has noticed a relatively high organic clicks/query rate for th
    15·1 answer
  • Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operat
    7·1 answer
  • PLEASE HELP ME URGENT
    9·2 answers
  • A professional office center is purchased for $475,000. The land value is 20% of the total acquisition cost. What is the annual
    13·1 answer
  • Why do southeast asian farmers continue to practice slash-and-burn agriculture and shifting cultivation?
    13·1 answer
  • Swan Textiles Inc. produces and sells a decorative pillow for $98.00 per unit. In the first month of operation, 2,200 units were
    14·1 answer
  • The following information was taken from the records of Roland Carlson Inc. for the year 2017: income tax applicable to income f
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!