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madam [21]
3 years ago
9

You are 18 years old, opening your first savings account, and are considering three options: BANK A is not FDIC insured, has an

interest rate of 5%, and a minimum deposit of $25. BANK B is FDIC insured, has an interest rate of 0.01%, and a minimum deposit of $50. Bank C is FDIC insured, has an interest rate of 0.02%, and a minimum deposit of $10,000. All three have fees competitive with other banks. Which bank is the best option?
Business
1 answer:
leonid [27]3 years ago
6 0

Answer:bank b

Explanation:

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Hey there,

Answer:

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The three basic questions in Economics are all of these, except _____________________.
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The three basic questions in Economics are all of these,except When to produce
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Jose opened a Premier account at City National Bank of Iowa with a minimum required deposit of
Andrew [12]

Answer:

$1,025.299

Explanation:

The formula for compound interest is

FV = PV × (1+r)^ n

Where Fv is the future value

Pv is the present value = $1000

r is interest rate = 1/2 %  or 0.5% per year

n is five years

interest is compounded quarterly,  

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n will be 5 years x 4 quarters = 20 periods

Fv= $1000 x (1 +0.00125)^20

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Fv= $1000 x 1.025299

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2 years ago
AP Season tickets for the Dingos are priced at $320 and include 16 home games. An equal amount of revenue is recognized after ea
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Vijay Company reports the following information regarding its production costs. Direct materials $ 10 per unit Direct labor $ 20
kirill115 [55]

Answer:

Unitary variable cost= $40

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Explanation:

Giving the following information:

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3 years ago
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