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pochemuha
3 years ago
5

You've just opened up a new savings account at the local credit union. You deposited $500 into the account. If you leave your $5

00 in the account for one year, the interest rate (APR) is 2% compounding semiannually, what is the APY?
Business
1 answer:
scZoUnD [109]3 years ago
5 0

Answer:

I believe the APY would be $520 for the rounded version and $520.20 for the not rounded

(not completely certain since i didnt fully understand)

Explanation:

using the formula for calculating compounding semi annualy

A = P(1 + r)t

A= 500(1+0.02)2 (i put 2 instead of one year because its semi annually so twice)

A= 500(1.02)2

A= 500x1.04=$520(rounded)

A=500x1.0404= $520.20(not rounded)

Please correct me if I understood your question wrong

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Answer:

left as well as the contractionary monetary policy, then bring about the

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Explanation:

Liquidity Preference model can be regarded as a model gives suggestions about investor and interest rate, the model entails that high interest rate as well as premium on securities associated with long-term maturities with higher risk should be demanded by investors, reason behind this suggestions is that most investors will always go for cash as well as available highly liquid holdings, all things been equal. It should be noted that Using the liquidity-preference model, the Federal Reserve can react to the threat of exceedingly high inflation via monetary policy by shifting the supply of money to the left as well as the contractionary monetary policy, then bring about the increase of interest rate as well as reducing equilibrium quantity of money.

3 0
3 years ago
Sheridan Company began the year with retained earnings of $659000. During the year, the company recorded revenues of $600000, ex
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Answer:

C. $737,500

Explanation:

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3 0
3 years ago
The gross profit method of inventory valuation is not valid when a. there is substantial increase in the quantity of inventory d
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Answer:

The gross profit method of inventory valuation is not valid when

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Explanation:

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  • The option a, b and d are valid as this method is used when there is substantial increase in the quantity of inventory or in the cost of the inventory during the year. Moreover, it is also used to calculate the amount of ending inventory that is effected by a disaster such as fire, theft etc.
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6 0
3 years ago
Elmer’s utility function is U(x, y) = min{x, y2}. If the price of x is $25 and the price of y is $15 and if Elmer chooses to con
Arte-miy333 [17]

Answer:

the income is $1,330

Explanation:

The computation of the income is shown below;

Given that

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The same should be relevant and considered too

6 0
3 years ago
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