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3 years ago

The daily interest multiplier for a savings account paying 2% annual interest for 180 days

Business

1 answer:

kolezko [41]3 years ago

5 0

Answer:

$5,050.25

Explanation:

The daily interest multiplier has already been stated to reflect interest earned over a 180-day investment timing horizon, hence , in order to determine the compound of $5,000 saved for 180 days, we simply multiply the daily interest multiplier for 180 days by the actual amount saved as shown below:

FV=PV*interest multiplier

FV=future value=amount in the savings account after 180 days=the unknow

PV=the amount placed in savings account= $5,000

interest multiplier= 1.010050

FV=$5,000* 1.010050

FV=$5,050.25

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What is the present value of $5,000 received 5 years from now if the discount rate is 5% (rounded to the nearest dollar?a. $6,38

e-lub [12.9K]

Answer:

The correct option is b. $3,918.

Explanation:

This can be calculated using the simple present value (PV) formula as follows:

PV = FV / (1 + r)^n ............................ (1)

Where;

PV = Present value of the amount = ?

FV = Future value of the amount = $5,000

r = Discount rate = 5%, or 0.05

n = number of years = 5

Substituting the values into equation (1), we have:

PV = $5,000 / (1 + 0.05)^5

PV = $5,000 / 1.05^5

PV = $5,000 / 1.2762815625

PV = 3,918

Therefore, the correct option is b. $3,918.

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3 years ago

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shtirl [24]

Answer:

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Explanation:

In this context, rivalry represents a situation in which people, businesses, compete with each other for the same thing or market.

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Sometimes this may be called having or knowing your competitive advantage over your competitors.

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4 years ago

In a negotiation, to allow for concessions, the expectations expressed in the seller team's opening position should be:

ser-zykov [4K]

In a negotiation, to allow for concessions, the expectations expressed in the seller team's opening position should be higher than its target position

Option B

<u>Explanation: </u>

Negotiation is a political dialogue that addresses a problem in a way acceptable to both sides. That group tries in a discussion to convince the other to adhere to its views. Both parties involved tend not to argue, rather seek to find some kind of agreement by mediation.

Talks require others, so that one side is always in the forefront of the talks. Nevertheless, even when the concession is marginal, the other should surrender.

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4 years ago

Given the cost formula, y = $7,000 + $1.80x, total cost for an activity level of 4,000 units would be:

zaharov [31]

The total cost for this certain activity level can be calculated by substituting 4000 to the x of the equation given above,
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y = 14200

Thus, the total cost of the activity level is $14,200.

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3 years ago

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Yakvenalex [24]

Answer:

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Explanation:

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