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
BartSMP [9]
2 years ago
13

Problem 5-1 Simple Interest versus Compound Interest [LO1] First City Bank pays 8 percent simple interest on its savings account

balances, whereas Second City Bank pays 8 percent interest compounded annually. If you made a $68,000 deposit in each bank, how much more money would you earn from your Second City Bank account at the end of 8 years
Business
1 answer:
Anna71 [15]2 years ago
7 0

Answer:

$14,343.25

Explanation:

The computation is shown below;

For the first bank

The value of investment is

= $68,000 × 8% × 8 + $68,000

= $111,520

For the second bank

= $68,000 × (1 + 0.08)^8

= $125,863.25

So, the difference in these both amount should be

= $125,863.25 - $111,520

= $14,343.25

You might be interested in
Manny's manager wants to add each client's birthday to the database. manny will need to _____.
AnnyKZ [126]
Insert A new field... C.

3 0
3 years ago
Read 2 more answers
A company has a $36 million portfolio with a beta of 1.2. The futures price for a contract on the S&P index is 900. Futures
Blizzard [7]

Answer:

Explanation:

A:

Number of contracts required:

= (0-1.2)×36,000,000÷(900×$250)

= -192

Since negative value, short 192 contracts.

B:

= (0.9 - 1.2)×36,000,000÷(900×$250)

= -48

Since negative value, short 48 contracts.

C:

= (1.8 - 1.2)×36,000,000÷(900×$250)

= 96

Since positive value, long 48 contracts.

7 0
3 years ago
Prior to adjustment at August 31, Salary Expense has a debit balance of $322,200. Salaries owed but not paid as of the same date
Phantasy [73]

Explanation:

The Journal entry is shown below:-

a. Salary Expense Dr,             $2,550

          To salaries payable                $2,550

(Being accrual of salary is recorded)

b. Income summary Dr,           $324,750

        To Salary expense                    $324,750

($322,200 + $2,550)

(Being closing of salary expense is recorded)

4 0
3 years ago
________ assesses the consistency of observations by different observers.
gavmur [86]
Inter rater reliability assesses<span> the consistency of observations by different observers.
</span>in statistics, inter rater reliability agreement will determine similar measurements for several statistics.By doing this, the statistics could be done faster without having to compromise its consistency
3 0
3 years ago
Read 2 more answers
In the context of intraorganizational processes, _____ are characterized by broadly defined jobs and responsibilities; loosely d
Dmitriy789 [7]

Answer:

organic organizations

Explanation:

Organic organization -

This type of organisation was given by George Stalker and Tom Burns .

It refers to the type of organisation , which is can alter and adapt to the changes easily , there is very less job specialization , no proper centralized decision - making process , and not proper direct supervision , is referred to as an organic organisation .

Hence , from the given information of the question ,

The correct term is organic organisation .

4 0
3 years ago
Other questions:
  • Indicate whether each of the following is a final​ good, an intermediate​ good, or neither.
    5·1 answer
  • 1. If Net Capital Outflow increases, the ________ of dollars in the Foreign Currency Exchange Market will increase, causing the
    6·2 answers
  • Wilson states, "Culture is important to me. Our culture is based on accountability, camaraderie, and results. I’ve moved from fi
    8·1 answer
  • In the treatment of U.S. exports and imports, national income accountants _____. rev: 04_09_2018 Multiple Choice subtract export
    9·1 answer
  • On January 1, Year 1 Missouri Co. purchased a truck that cost $49,000. The truck had an expected useful life of 10 years and a $
    15·1 answer
  • Barbara Hastings has no children of her own, but she does have a beloved niece named Ellen Laughridge. Attentive to the future f
    6·1 answer
  • Sue Peters is the controller at Vroom, a car dealership. Dale Miller recently has been hired as bookkeeper. Dale wanted to atten
    11·1 answer
  • Xavi is a painter of landscapes and seashore portraits. He works outside and has no overhead or fixed costs such as a studio. In
    5·1 answer
  • Which is not a consideration when allocating assets and diversifying? A. Real estate holdings B. Avoiding similar investments C.
    6·1 answer
  • Pineapple whip, a company that makes an ice cream-like treat using pineapple, sells its branding, production techniques, and pro
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!