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Anastasy [175]
3 years ago
6

Jose opened a Premier account at City National Bank of Iowa with a minimum required deposit of

Business
1 answer:
Andrew [12]3 years ago
4 0

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,  

Interest per quarter = 0.5% /4 = 0.125%  which is 0.00125

n will be 5 years x 4 quarters = 20 periods

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

Fv =$1000 x(1.00125)^20

Fv= $1000 x 1.025299

Fv = $1,025.299

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What recent StuffDot actions have added to its user-friendliness
8090 [49]

Answer:

In simple words,  The stuffdot recently undergone several measures to render it app friendlier. Both systems, whether browsers or Android or iOs, have the same functionality introduced through stuffdot. The app will now utilise stuffdot wherever, every time.

We also now introduced additional categories of apps such as store page, browse stores, and offers on dotting as well as incentive status that are categorised into lifelong, uncollected, and existing incentives. Thus all these additional versions made this same stuffdot user-friendlier.

5 0
3 years ago
Suppose Mattel, the producer of Barbie dolls and accessories (sold separately), has two types of consumers who purchase its doll
Alla [95]

Answer:

strategy 2

Explanation:

 According to the scenario, computation of the given data are as follow:-

Particular  Revenue from Low-value customers  Add  Revenue from high-value customers Total revenue from strategy

                                           Accessories 1  Accessories 2                        

Strategy 1

($32 doll+$32 accessory) $32 ×1 + $32 × 1      + $32 × 1 + $32 × 2

                                               $32 + $32                      $32 + $64

                                                = $64                          = $96

Total = $64 + $96 = $160

Strategy 2

($3 doll + $61 accessory) $3 × 1 + $61 × 1 + $3 × 1 + $61 × 2

$3 + $61 $3 + $122

= $64 = $125

Total = $64 + $125 = $189

According to the analysis, strategy 2 gives more revenue than strategy 1.

4 0
4 years ago
When pete mills went to withdraw $5,000 from the nationwide fidelity mutual fund, he was informed that the fund would charge 5 p
ki77a [65]
250$ is 5% of $5000
5000 \times .05 = 250
3 0
3 years ago
Which is not a type of economy?
astraxan [27]

Answer:

agrarian economy

Explanation:

Agrarian economy is not a type of economy as there is no one single country were all its GDP is produced just by agricultural trade, the most relevant concept is <u><em>agrarian society</em></u>, and in this the society is highly dependable on agricultural products in order to derive income.

3 0
4 years ago
On July 1, Shady Creek Resort borrowed $480,000 cash by signing a 10-year, 10.5% installment note requiring equal payments each
ss7ja [257]

Answer:

c. $50,400

Explanation:

The computation of the interest expense is shown below:

= Borrowed amount × rate of interest

= $480,000 × 10.5%

= $50,400

hence, the  interest expense is $50,400

Therefore the correct option is c.

We simply applied the above formula so that the correct value could come

And, the same is to be considered

8 0
3 years ago
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