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
sammy [17]
3 years ago
5

In the interest formulas, a simple interest can be used in any of the single payment formulas as long as the 'n values correspon

d to the interest period?
A) True
B) False
Business
1 answer:
Yuri [45]3 years ago
3 0

Answer:

False

Explanation:

Apart from simple interest, compound interest can be used for single payments

the formula for compound interest is : future value - present value

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

The formula for simple interest : amount x time x interest rate

Assume that 1000 is to be received in 2 years at the interest rate of 10%

Simple interest = 1000 x 2 x 0.1 = 200

Compound interest

1000 x (1.1)^2 = 1210

1210 = 1000 = 210

You might be interested in
When deciding on output levels, members of a cartel A. Set their output where MR=MC B. Produce the same level of output as if th
siniylev [52]

Answer: Option(D) is correct.

Explanation:

Correct option:  Act as if they were monopolies.

Cartel is a group of few firms that work towards the common goal. Because all the cartel members works together, that's why they act like a monopolies.

They decided to produce at a level where their combined marginal revenue is equal to the combined marginal cost.

Because they behave like a monopolist, so they sell lesser quantity at a higher prices than would be in a perfectly competitive market.

3 0
3 years ago
Which of the following is not one of the main economic variables that affects business cycles
Alexus [3.1K]

Answer:

personal savings levels

8 0
3 years ago
The welding department supplies parts to the final assembly line. Management decides to implement a kanban system and has collec
Hatshy [7]

Answer: 45 containers

Explanation:

The number of containers needed is calculated by:

= (Expected demand during Lead time + Safety Stock) / Container Capacity

Expected demand during Lead time = Daily demand * Lead time

= 2,500 * 3

= 7,500 units

Safety stock = 1.5 days * 2,500

= 3,750 units

Number of containers needed:

= (7,500 + 3,750) / 250

= 45 containers

8 0
3 years ago
Gloria is saving for her daughter’s college education. She wants to have $100,000 available when her daughter graduates from hig
Helen [10]

Answer:

The correct answer is that Gloria would have to invest $75,581 today at the rate of 7.25 % to receive $100000 in four years,hence option is correct

Explanation:

FV=PV(1+r)^t

FV=$100000

PV= is unknown

r=7.25%

t=4years

PV=FV/(1+r)^t

PV=100000/(1+0.0725)^4

=$75581

Hence the amount Gloria has to invest today is $75581

4 0
3 years ago
What is the setting of the story? “ Muffin Dragon”
yarga [219]

Answer:

A fire-breathing winged serpent adores crunching biscuits more than anything on earth, subsequently his name, the Muffin Dragon. An awesome anecdote about basic financial matters as it identifies with this mythical dragon and merciful yet poor people who live in a once-over mansion in the forested areas

Explanation:

Hope this Helps!

6 0
3 years ago
Other questions:
  • What is the 5 stage plan for productive meetings? - Why is this important and how will it improve the success of developing a ch
    7·1 answer
  • Are there direct variables that have no effect on business' competitive position
    11·1 answer
  • Time span during which cash is paid for goods and services which are then sold to customers
    10·1 answer
  • Taxes at the 1.___ level are known as municipal taxes. The two main components of this tax are 2.____ tax and sales tax.
    10·2 answers
  • Which of the following would not be considered an external user of accounting data for the GHI Company? Customers. Management. I
    11·1 answer
  • Increased grants and loans for college expenses would ________ the number of college graduates, while ________ wages paid to col
    12·1 answer
  • Which of the following is correct with respect to rainy day funds? Multiple Choice Rainy day funds are classified as committed o
    8·1 answer
  • When senators decide it is time to vote on a bill, they begin a procedure called a __________ to indicate the time for discussio
    15·2 answers
  • Unloading the dishwasher is an example of a _____.
    8·1 answer
  • In relation to the time value of money, what is interest?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!