3 years ago

Chec

Business

1 answer:

Arada [10]3 years ago

6 0

Answer:

THERE IS NO ANSWER FOR THIS

Explanation:

YOU NEED ALL THE MONEY

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If Apr of a savings account is 2.7% and interest is compounded quarterly, what is the approximate APY of the account

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Explanation:

APY = (1 + r/m)^m - 1

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You are considering purchasing a new automobile that will cost you $28,000. The dealer offers you 4.9% APR financing for 60 mont

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so correct option is B) $527

Explanation:

given data

cost = $28,000

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time = 60 months

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solution

we will apply here formula for calculate monthly payment that is

= $\frac{r(1+r)^t}{(1+r)^t -1}$ ...........1

here r is rate that is 0.0041 and t is time that is 60 put here value we get

= $\frac{0.0041(1+0.0041)^{60}}{(1+0.0041)^{60} -1}$

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3 years ago

Read 2 more answers

Suppose the required reserve ratio is 20 percent, and the Fed buys $1 million worth of bonds from the public. If the public depo

777dan777 [17]

Answer:

Increase directly by $1 million and an additional lending capacity of $4 million will be created for the banking system.

Explanation:

The formula for increase in money supply is

Increase in money supply = (1 / Required reserve ratio) * Excess reserve.

Now, we have, required reserve ratio of 20%.

That means, out of $1 million deposit, required reserve = ($1,000,000 * 0.20) = $200,000.

Now, we knew that, Total reserve = required reserve + excess reserve

Total Reserve = $1,000,000 and required reserve = $200,000.

So, Excess reserve = $1,000,000 - $200,000 = $800,000.

Now, Increase in money supply = (1 / 0.20) * $800,000 = $4 million.

That means,

If the public deposits this amount into transactions accounts, the money supply will:

Increase directly by $1 million and an additional lending capacity of $4 million will be created for the banking system.

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3 years ago