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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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Irish Corporation issued (sold) 15,000 shares of common stock for $65 per share. The bylaws established a stated value of $5 per
Orlov [11]

Answer:

the amount of increase in the common stock is $75,000

Explanation:

The computation of the amount of increase in the common stock is shown below;

= Number of shares of common stock sold × stated value per share

= 15,000 shares × $5 per share

= $75,000

Hence, the amount of increase in the common stock is $75,000

3 0
3 years ago
A machine costs $1,000 and has a 3-year life. the estimated salvage value at the end of three years is $100. the project is expe
AnnyKZ [126]
Cost of machine = $1,000

NPV of revenues = p( \frac{1- (1+RoR)^{-n} }{RoR} ) = 600( \frac{1- (1+0.1)^{-3} }{0.1} ) = $1,492.11

NPV of salvage value = FV ( \frac{1}{ (1+RoR)^{n} } )= 100( \frac{1}{ (1+0.1)^{3} } ) = $75.13

Total NPV = -1000+1492.11+75.13 = $567.24 ≈ $567
5 0
3 years ago
A broker is an agent who: A. Trades on the floor of an exchange for himself or herself. B. Offers new securities for sale to dea
Annette [7]

Answer:

Specializes in bringing buyers and sellers together.

Explanation:

A broker can be defined as an individual or a firm that acts as a middleman between the buyers and the sellers. A broker is a licensed agent that is permitted to purchase or sell stocks and other investments.

A broker carries out the role of a trusted intermediary in various financial transactions. Brokers receive their commissions through a percentage gotten from the purchase or sale of an asset or stock.

3 0
2 years ago
Costs incurred regardless of the number of units of a product that are produced or sold are called:
Tema [17]

<span>C. Fixed Costs. Fixed costs are incurred regardless of the number of units of a product are produced or sold on a given period. Fixed costs are expenses incurred and remain unchanged within a relevant period. These costs are fixed in relation to the quantity of production for a certain period.</span>

4 0
3 years ago
Read 2 more answers
A.Find the circumference of the tire.
Dvinal [7]

Answer:

Most common automobile tires are within a few inches of 25″ in diameter, so they cover 2π × 25″ ≈ 157″, or about 13 feet in a complete revolution. So to cover a mile, which is 5280 feet, they'd have to rotate 5280/13 ≈ 406 times.

Explanation:

5 0
2 years ago
Read 2 more answers
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