Answer:the bottom question?
Explanation:
Answer:
Monthly deposit= $45,172.20
Explanation:
Giving the following information:
Travis International has a one-time expense of $1.13 million that must be paid two years from today. The firm can earn 4.3 percent, compounded monthly, on its savings.
To calculate the monthly deposit, we need to use the following variation of the future value formula:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
i= 0.043/12= 0.003583
n= 2*12= 24
A= (1,130,000*0.003583)/ [(1.003583^24)-1]
A= 45,172.20
Answer:
e. $90; $100
Explanation:
The reserve ratio also known as cash reserve ratio is the portion of deposit that commercial banks must hold onto, rather than lend out or invest. It is determined by the central bank of a country and it varies.
Deposit into local bank=$100
Reserve ratio=10%
reserve ratio=10% of $100
=10/100×$100
=0.1×$100
=$10
Bank reserve has increased by $100 - $10
=$90
Checkable deposit has increased by $100 dollars deposited.
It’s not is injected back into for the first
And “does not affect” is not the right answer either for the second slot
The account that I recommend for Janelle for saving towards her textbooks, which she buys every six months, is a <u>Certificate of Deposit</u>.
<h3>What is a Certificate of Deposit?</h3>
A certificate of deposit is a fixed deposit account offered by banks and other financial institutions.
The advantage of a certificate of deposit over an ordinary saving is that it has a fixed interest rate and the rate is premium, that is higher than the ordinary savings account's interest rate.
Thus, since Janelle does not require the amount until six months, it would be better for her to choose a certificate of deposit that will earn a higher interest.
Learn more about certificates of deposit at brainly.com/question/1874937
