Answer:
A As time goes on and your bank account grows, you earn more interest.
Explanation:
A compound interest-earning account adds the interest it has earned in a particular period to the principal amount. This results in the principal amount increasing by the amount of interest earned in the period. Therefore, for compound interest, the principal amount is bigger at the beginning of every year.
In practice, interest is calculated based on the principal amount. If the principal amount is higher every period, the interest earned will also go up every year.
Answer:
$1,042,500.
Explanation:
From the question above, we are given the following parameters; under the bid, we have $1.42 = €1.00 and $1.48 = €1.00; the borrowing and lending are $ 4.25% and 4% APR respectively for S0($/€).
Also, for F360($/€), the bid and ask values are: $1.48 = €1.00 and $1.50 = €1.00 respectively; the borrowing and lending values are 3.10% APR and 3% APR.
Therefore, the Borrowing rate is ($) 4.25% in $ . Thus, $1,000,000 for one year, one we owe
$1,000,000 × (1 + 0.0425) = $1,042,500 at maturity.
Answer:
n= 12.25 years
Explanation:
Giving the following information:
Present value= $10,200
Future value= $17,800
Interest rate= 6.2%
<u>First, we need to calculate the number of years it will take the investment to reach $17,80. We need to use the following formula:</u>
n= ln(FV/PV) / ln(1+i)
n= ln(17,800/10,200) / ln(1.062)
n= 9.25 years
<u>Now, the total number of years:</u>
n= 9.25 + 3
n= 12.25 years
Answer:
c. Amber’s offer is $4,500 more. {$190,000 – ($50,000 + $90,000) + [$70,000 × (1 – .35)]}.
Explanation:
Step 1. Given information.
Amber offer = 190.000
Claiming= $50.000
Loss of income = $90.000
Punitive damages = $70.000
Step 2. Formulas needed to solve the exercise and Step 3. Calculation.
Original claim = ($50,000 + $90,000) + [$70,000 × (1 – .35) = 185,500
Step 4. Solution.
Difference = 190000 - 185500 = 4500
punitive damages only taxable
A unitary system increases "conformity"..........
Conformity is a kind of social impact including an adjustment in conviction or conduct keeping in mind the end goal to fit in with a gathering.
Conformity is the propensity to adjust your mentalities, convictions, and practices with people around you. It's an intense power that can appear as clear social weight or subtler, oblivious impact. As much as we can imagine to consider ourselves people, the truth of the matter is that we're headed to fit in, and that normally implies taking the path of least resistance.