The total interest earned at the end of 4 years is $2,507. 90.
The formula for determining simple interest is: Principal x interest rate x time
$4000 x 3.2% x 4 = $512.
The formula for determining interest with compounding is: future value - amount invested.
The formula for calculating future value:
FV = P (1 + r/m)^nm
- FV = Future value
- P = Present value
- R = interest rate
- m = number of compounding
- N = number of years
Future value of the savings account = $4000 x (1.021)^4 = $4346.73
Interest = $4346.73 - $4000 = $346.73
Future value of the certificate of deposit = $7500 x (1.0125)^16 = $9149.17
Interest = $9149.17 - $7500 = $1649.17
Total interest = $1649.17 + $346.73 + $512. = $2,507. 90.
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(A) A point-of-sales system
The definition of POS system/software is mainly to process sales. However, modern point-of-sale system/software does so much more than that. Full-featured POS systems can handle inventory tracking, customer data management, analytics, employee management, monitoring and reporting of sales, and makes them available for use by the finance departments.
Answer: The correct answer is e). 3.67%
Explanation: An ordinary annuity is a series of payments made at the end of each period.
The formula for ordinary annuity is PV = PMT × ((1 - (1 + r) ^ -n)/ r)
Where; PMT = the periodic cash payment; r = the interest rate per period; n = the total number of periods and PV = present value.
Therefore; 3500000 = 250000×((1-(1+r)^-20)/r
This will give the rate as 3.67%
Answer:
the EEOC and/or courts would agree with her
Explanation:
The pregnancy act and family and medical leave act states that when a pregnant woman is unable to do her job effectively because of her condition she should treat her as a temporarily disabled person.
Miriam can take advantage of various benefits of temporarily disabled persons like less hours, disability leave, and modified tasks.
What should be done now is that Miriam should take on fewer hours and less stressful jobs until she recovers and can function fully.
If not she can sue the company for not respecting provisions of the pregnancy act
Answer: In the expression of formulas, the products are obtained from the REACTANTS; and essence "change partners" - that is plus to MINUS and minus to plus.
While expressing the formula, the products are obtained by reaction of the reactants. The reactants are written on left hand side and products on the right hand side.