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3 years ago

6 major jobs of the federal reserve

Business

1 answer:

larisa [96]3 years ago

3 0

clearing checks

acting as government fiscal agent

supervising members bankers

regulate money supply

supply paper currency

setting reserve requirements

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You have just deposited $10,500 into an account that promises to pay you an annual interest rate of 6.4 percent each year for th

forsale [732]

Answer:

7.59%

Explanation:

Calculation for What annual interest rate must you earn over the last 10 years to accomplish this goal

Future value required=[Amount of deposit*(1+6.4%)^5]*(1+I)^10

$29,750=[$10,500*(1+6.4%)^5]*(1+I)^10

$29,750=[$10,500*(1+0.064)^5]*(1+I)^10

$29,750=[$10,500*(1.064)^5]*(1+I)^10

$29,750=[$14,318.497198]*(1+I)^10

(1+I)^10=[$29,750/$14,318.497198]

(1+I)^10=2.077732013

(1+I)=2.077732013^(1/10)

(1+I)=1.07586791

Hence, annual interest rate will be:

Interest rate, I=(1.07586791-1)*100

Interest rate=0.07586791*100

Interest rate=7.586791%

Interest rate=7.59% (Approximately)

Therefore the annual interest rate that you must earn over the last 10 years to accomplish this goal is 7.59%

7 0

3 years ago

a landscape archetiect is hired to build a garden which is of the shape of a right traingle. suppose the architech wants to use

vlabodo [156]

Answer:

Maximum Ares architect can build is 36,450 $ft^{2}$

Explanation:

Suppose

The Perpendicular of the triangle = l

The Base of the triangle = b

The hypotenuse of the triangle = h

The hypotenuse of the triangle can be calculated as follow

h = $\sqrt{l^{2} b^{2} }$

Total Budget = $1,620

As the architect does not want to build anything on the hypotenuse of the triangle area.

So as per given condition

( $9 x l ) + ( $3 x b ) = $1,620

$3 ( 3l + b ) = $1,620

3l + b = $1,620 / $3

3l + b = 540

b = 540 - 3l ...........(1)

Area = 1/2 x l x b

using (1) we will have

Area = 1/2 x l x ($540 - 3l)

Now differentiating w.r.t l

$\frac{d(area)}{dl}$ = $\frac{\frac{1}{2} [ 540l - 3l^{2}] }{dl}$

0 = $\frac{1}{2} [ 540 - 6l] }$

0 = 540 - 6l

6l = 540

l = 540/6

l = 90 ft

Placing value of l in (1)

b = 540 - 3(90)

b = 540 - 270

b = 270

So, Maximum area will be calculated as follow

Maximum Ares = $\frac{1}{2}$ x 270 x 270

Maximum Ares = 36,450 $ft^{2}$

7 0

3 years ago

Baylor Bank believes the New Zealand dollar will appreciate over the next 15 days from $.90 to $.93. The following annual intere

maw [93]

Answer:

19 milion 86+15=91 19000091

5 0

3 years ago

A few years ago, in order to gain market share, Blackboard™, a well-known management system software company used by many colleg

ASHA 777 [7]

Answer: <em>A horizontal merger</em>

Explanation:

A horizontal merger is known as or referred to as a business consolidation or merger that tends to occur between a firm which operate in the vicinity or same industry. The competition is higher among the organizations and companies that are operating or working in same space, that is mostly concerned with potential gains and synergies in the market share are way greater for the firms merging.

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3 years ago

Which of the following is not a tool of Monetary Policy?

abruzzese [7]

Answer:

D. Changes in federal expenditures

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3 years ago