Answer:
$10,202.87
Explanation:
The balance will be the sum of a 6-term geometric sequence with first term 1500 and common ratio 1.05. The sum of such a sequence is given by ...
sn = a1(r^n -1)/(r -1)
We have a1=1500, r=1.05, n=6, so the sum is ...
s6 = 1500(1.05^6 -1)/(1.05 -1) = 10,202.87
Walter's account balance after the 6th deposit will be $10,202.87.
Answer:
The actual effective annual rate is <u>3.33%</u>.
Explanation:
Effective Annual Rate (EAR) refers to an interest rate has been adjusted for compounding over specified period of time.
Effective annual rate can therefore be described as the interest rate that paid to an investor in a year after compounding has been adjusted for.
Effective annual rate can be computed using the following formula:
EAR = [(1 + (i / n))^n] - 1 .............................(1)
Where;
i = Annual interest rate claimed by the dealer = 3.28%, or 0.0328
n = Number of compounding periods or months = 12
Substituting the values into equation (1), we have:
EAR = [(1 + (0.0328 / 12))^12] - 1 = 0.0332976137123635
EAR = 0.0333, or 3.33% approximately.
Therefore, the actual effective annual rate is <u>3.33%</u>.
Answer: A. movies
Explanation: when being made, movie makers take in consideration, all ages who could be watching this, what type of people are watching, and what kind of cultures are included in the making of the movie. They don't want to be sued for stereotypes, bias, and or degrading material.
Hope this helps :)
The answer is onboarding.
There are normally five stages of the employment cycle. They are recruiting, onboarding, developing, retaining and offboarding. Training falls into the onboarding category when you are starting with the company and receiving the training that you need in order to do the job.
Answer:
Explanation:
We will solve this linear programming problem using Excel -> Solver
Below excel screen prints show approach for the calculation
