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Dahasolnce [82]
3 years ago
6

A recent high school graduate received ​$700 in gifts of cash from friends and relatives. In​ addition, he received three schola

rships in the amounts of ​$350​, ​$400​, and ​$1200. If he takes all his gift and scholarship money and invests it in a 36​-month CD paying 2​% interest compounded daily​ (use nequals​360), how much will the graduate have when he cashes in the CD at the end of the 36​-months?
Business
1 answer:
just olya [345]3 years ago
3 0

Answer:

$ 2813.86

Explanation:

PV ( present value) = $ 700 + $ 350 + $ 400 + $ 1200 = $ 2650

n = 360

t in years = 36 months / 12 months = 3

Fv ( future value ) = PV ( 1 + ( r/360) ^ (nt) = 2650 ( 1 + ( 0.02/360))^(3×360) = $ 2813.86

he will have $ 2813.86 at the end of the 36 months

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4 years ago
A firm has a _____ when its goods are made more valuable in the presence of those of another firm
blagie [28]

Answer:

The correct word for the blank space is: complement.

Explanation:

A good or service that is used in conjunction with another good or service is a complement. Companies and economists study complementary goods to understand consumer decisions and buying patterns. Complementary goods have little to no value when they are consumed alone but when combined with another good or service both benefit through added value.

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4 years ago
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In the context of management skills, Conceptual skills serves as one that gives the manager the capability to grasp a big-picture view of the overall organization.

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This gives the capability to know the relationship between its various parts.

Therefore, In the context of management skills, Conceptual skills helps the manager to have big picture as regards the organization.

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3 0
2 years ago
Valerie promises Teresa that she will pay Teresa $50 if Teresa will clean Valerie's house by noon on Saturday. If Teresa cleans
Leya [2.2K]

Answer:

b) false

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E.g., an implied contract happens when you enter a movie theater and a commercial relationship is established where the movie theater must allow you to see a movie and you must pay your ticket for doing so. The same applies for other public places restaurants, theme parks, etc.

But in this case, Valerie's house is not a place where any person is free to attend. You cannot just go into Valerie's house and start cleaning so that she pays you $50.

Implied contracts might also result from previous performances, e.g. Teresa cleans Valerie's house every Saturday for almost 2 years now. The past performance might result in an implied contract, but this wouldn't be the case here either.

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4 years ago
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