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
RUDIKE [14]
2 years ago
10

Today, you deposit $2,500 of cash in a savings account that earns 8.0% in annualized interest. One interest payment is received

at the end of every year. You make no other deposits or withdrawals.
In five years, the amount of interest on interest you have earned in your savings account is closest to: ________

a. $173
b. $175
c. $177
d. $1,000
e. $1,177
Business
1 answer:
Artemon [7]2 years ago
3 0

Answer:

a. $173

Explanation:

The computation of the amount of interest earned in five years is shown below;

But before that following calculations need to be done

As we know that

Simple interest = Present value × rate of interest × time period

= $2,500 × 8% × 5

= $1,000

Now the future value is

Future value = Present value × (1 + rate of interest)^number of years

= $2,500 ×(1 + 8%)^5

= $2,500 × 1.4693280768

= $3,673

Now the compound interest is

Compound interest = Future value - Present value

= $3,673 - $2,500

= $1,173

Now interest on interest is

Interest on interest = Compound interest - Simple interest

= $1,173 - $1,000

= $173

You might be interested in
What's the appropriate response to receiving a talk about breaking a rule?
Marizza181 [45]

Answer:

Listen, dont be disrespectfull, and learn from it

Explanation: Dont dig a deeper hole

5 0
3 years ago
As the head of the engineering department for her company, Jody works with her team on complex and challenging projects. The lev
vagabundo [1.1K]

Answer:

Wide

Explanation:

Basically there are two spans of control namely; wide and narrow. A wide span of control is one in which a manager or supervisor interacts with many team members. In other words, the levels of hierarchy involved where there is a wide span of control is few. As such, this structure entails that a large number of the team members report directly to the manager.

The narrow span of control is one in which the manager supervises or interacts with a few team members. In other words, there is some level of hierarchy involved such that the managers direct subordinates are few and have subordinates who report to them.

To state it in another way, the wider the span of control, the fewer level of report or levels of hierarchy and the narrower the span of control, the higher the levels of hierarchy required.

In light of the explanation above, it can be deduced that Jody has a wide span of control over her team.

3 0
3 years ago
What will you need to change to make the message appropriate for both a subordinate and other subordinates? Make the message eve
bezimeni [28]

Answer: The correct answer is "Focus on congratulating the team using each individual’s name and use a more formal tone.".

Explanation: In order for the message to be more appropriate both for a subordinate and for other subordinates, the team and each individual subject should be congratulated with their own name so that they feel part of it and feel that their work is important for the team always in a formal tone that maintains respect among all.

4 0
3 years ago
The U.S. National Treasury issued $3 million of 2.7% bonds, due in 10 years, with interest payable annually at year-end. Calcula
lesya [120]

Answer:

$81000

Explanation:

The calculation is simple. Bond interest is simply calculated by multiplying bond value with the assorted interest rate.

For example

A bond with $1000 value with 5% interest is simply 5% of $1000 = $50

Therefore,

$3,000,000 * 2.7% = $81000

(2.7 % = 0.027)

Hope that helps.

3 0
3 years ago
Getting the listener’s full attention, questioning him or her, and asking him or her to paraphrase the message are all technique
timama [110]

Answer:

poor listening

Explanation:

Based on the information provided within the question it can be said that this is done in order to overcome poor listening. This refers to individuals who get distracted when listening and hear/understand very little to nothing of what they were supposed to be listening to. By making sure their attention is on you and asking them to repeat what you just said allows the individual to pay more attention to what you are saying and helps the information stick.

3 0
3 years ago
Other questions:
  • To minimize current and future funding risks, program management offices use __________________ to project and track obligations
    11·1 answer
  • Thach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. Th
    7·1 answer
  • Is the development and support of it systems by knowledge workers with little or no help from it specialists?
    8·1 answer
  • What is market segmentation? List the steps in the market segmentation process.
    15·1 answer
  • National Drilling Company ships its only pump to American Hydraulics Corporation, the manufacturer, for repair. National pays Ov
    6·1 answer
  • Financing cash flows in the statement of cash flows would include which of the following?
    10·1 answer
  • a. What is the​ bond's yield to maturity​ (expressed as an APR with semiannual​ compounding)? b. If the​ bond's yield to maturit
    12·1 answer
  • Journalize the entries to record the following transactions for Zentric Corporation. Refer to the Chart of Accounts for exact wo
    7·1 answer
  • As the U.S. dollar appreciates against foreign currencies, the U.S. ____________ curve shifts _____________ resulting in a(n) __
    5·1 answer
  • On January 1, 2020, Levy Company issues 100 x 5% bonds with a face value of $1500, The bonds mature on December 31, 2030 and pay
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!