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
geniusboy [140]
3 years ago
10

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  

You might be interested in
Which of the following is part of the professional support services area?
Rama09 [41]
I'd say it's 4 because school social workers support students.
7 0
3 years ago
A bank manager wants to learn more about the relationship between the time a customer has to wait to be served and the overall s
IRINA_888 [86]

Answer:

the bank carries money

Explanation:

5 0
2 years ago
Suppose that a pharmaceutical company wants to grow in size but is constrained in the short run by its production capacity. What
Natasha_Volkova [10]

Answer:

Build more factories, Expand the size of current factories, Use cheaper materials

Explanation:

Long run is not a precise period of time thereby meaning it could span from a year to eternity, which is adequate time to plan and grow. Building more factories will increase the growth in size for the capacity for  more production as well as expanding the size of the current factories. Due to the fact that there is a constraint of production capacity the company should look for alternatives in production technology in the long run so as to reduce cost of materials  but with the same production quality.

6 0
3 years ago
Read 2 more answers
A customer invests 50000. 10 years later, the investment is worth 100000. the customers annual compouned rate of return is?
9966 [12]

<u>Answer:</u> The rate of interest is 7.18 %

<u>Explanation:</u>

To calculate the rate of interest, we use the equation used for the interest compounded monthly follows:

A=P(1+\frac{R}{n})^{nT}

A = Amount after time period 'T' = $100,000

P = Principal amount = $50,000

R = rate of interest = ?

n = Number of times interest applied per time period = 1   (annually)

T = time period = 10 years

Putting values in above equation, we get:

100,000=50,000(1+\frac{R}{1})^{1\times 10}\\\\R=0.0718

Calculating the rate of interest in percentage:

\Rightarrow R\times 100=0.0718\times 100=7.18\%

Hence, the rate of interest is 7.18 %

7 0
3 years ago
The process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods
Setler79 [48]

Answer:

A) true

Explanation:

Compound interest can be regarded as

adding of interest gotten to the principal sum of a deposit or the principal sum of a loan. It's one that is gotten after reinvesting of ones interest instead of paying it out, as a result of this the interest that comes in

next period will be earned on the principal sum along with those interests accumulated before. It should be noted the process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods.

6 0
3 years ago
Other questions:
  • Atlas Company plans to sell 145,000 units in November and 190,000 units in December. Atlas's policy is that 15% of the following
    10·1 answer
  • A man wants to add a swimming pool and spa to his single-family home. He asked an appraiser to determine whether the new improve
    13·1 answer
  • On the balance sheet after adjusting entries are made, the amount shown for the allowance for doubtful accounts is equal to the
    7·1 answer
  • Agile teams require motivated members with a higher level of commitment, and agile teams have all of the following desirable tra
    6·1 answer
  • A.) $2894.71<br> b.) $2202.72<br> c.) $2330.20<br> d.) $2654.23
    5·1 answer
  • List three impulse convenience goods that you or someone you know has purchased
    14·1 answer
  • 45,000 worth of goods were invoiced by A. Bose of Kolkata to C. Dutta of Chandigarh at
    14·1 answer
  • The difference between _______ interest and compound interest is that the amount of compound interest earned gets (bigger or sma
    15·1 answer
  • 2
    8·2 answers
  • japan life insurance company invested $10,000,000 in pure-discount u.s. bonds in may 1995 when the exchange rate was 80 yen per
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!