1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Delicious77 [7]
3 years ago
15

Find the compound interest on $2,500 at .75% interest compounded daily by the Leader Financial Bank for 20 days.

Business
1 answer:
katrin [286]3 years ago
7 0

Answer:

Interest= $402.96

Explanation:

Giving the following information:

Initial investment (PV)= $2,500

Interest rate (i)= 0.0075

Number of periods (n)= 20 days

<u>To calculate the interest earned after 20 days, we need to use the following formula:</u>

<u></u>

Interest= PV*(1 + i)^n - PV

Interest= 2,500*(1.0075^20) - 2,500

Interest= $402.96

You might be interested in
Which are possible employers in the Financial career cluster? Check ALL that apply.
ladessa [460]

Answer:

I think the answers are: B  and D.

Explanation:

I too have kitchen towels.

5 0
3 years ago
In a process cost system, factory depreciation expense incurred is debited to ________.
inysia [295]

Answer:

The correct answer is letter "C": manufacturing overhead.

Explanation:

Manufacturing overhead are untraceable indirect costs that are involved in the process of production given an accounting period. Examples of manufacturing overhead include <em>power and gas service in the manufacturing facility, administrative wages, </em>and <em>depreciation of the equipment used</em>.

8 0
3 years ago
Read 2 more answers
Credit unions differ from retail banks because they are
alexgriva [62]

Answer:

A. Owned by their members

Explanation:

Credit unions are a type of financial institution formed by a group of people to provide financial services exclusively to their members. In credit unions, members find the main services available at banks, such as checking accounts, financial applications, credit cards, loans and financing. The main difference is that in credit unions, members are both owners and users, that is, they participate in the management and enjoy the products and services.

4 0
3 years ago
Read 2 more answers
The marginal cost for a company to produce q items is given by MC (q )equals 0.002 q squared minus 0.8 q plus 635. The​ company'
TEA [102]

Answer:

Cost to increase production is $733.6

Explanation:

We have given marginal cost MC=0.002q^2-0.8q+635

Fixed cost = $8400

So total cost TC=0.002q^2-0.8q+635+8400

Cost of 310 items

TC=0.002\times 310^2-0.8\times 310+635+8400=8979.2

Cost of 530 items

TC=0.002\times 530^2-0.8\times 530+635+8400=9712.8

So the cost increases production is  $9712.8 - $8979.2 = $733.6

6 0
4 years ago
Using benefit-cost ratio analysis, determine which one of the three mutually exclusive alternatives should be selected.
Alex_Xolod [135]

Answer:

project C

Explanation:

20% MARR

                                                     A                B                C

First cost                                  $560          $340          $120

Uniform annual benefit           $140           $100           $40

Salvage value                           $40                 0               0

yearly cash flows                 1 - 9 $140  1 - 10 $100   1 - 10 $40

                                               10 $180

Using an excel spreadsheet I calculated the present value of the project's cash flows:                              $593.41    $419.25     $167.70

all the NPVs are positive:        $33.41       $79.25      $47.70

since we are going to apply a benefit-cost analysis, we must determine the return on investment (ROI) = net profit (or NPV in this case) / investment

  • ROI A = $33.41 / $560 = 5.97%
  • ROI B = $79.25 / $340 = 23.31%
  • ROI C = $47.70 / $120 = 39.75%

Since the return on investment is higher for project C, then that project should be selected.

7 0
3 years ago
Other questions:
  • A postconventional level of morality is most likely to be found in cultures that value
    11·2 answers
  • g Twins Jane and Hal each inherited $150,000 exactly ten years ago. Jane invested the entire amount in a brokerage account to fu
    8·1 answer
  • The _______ manager at the montague convention and event center oversees the detailed work of a variety of functions at the faci
    9·1 answer
  • The concept that motivation can be understood based on a hierarchy of human needs was first introduced by
    8·1 answer
  • Select the correct answer from each drop-down menu. [BLANK] is a tool of monetary policy in which the Federal Reserve buys and s
    9·2 answers
  • Ensuring that all the right people, equipment, and materials arrive on time is especially challenging when using which layout? M
    13·1 answer
  • On March 1st, the Picasso Co. issued a 12 month, $120,000 note, to the Bank of Carbondale. The note carries a 10% interest rate
    7·1 answer
  • The Thomlin Company forecasts that total overhead for the current year will be $11,415,000 with 180,000 total machine hours. Yea
    13·1 answer
  • Many companies moved their operations from new england and the midwest to locations in the south because
    9·1 answer
  • If the real risk-free rate is 112 basis points, the maturity risk premium is 177 basis points and the one-year inflation premium
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!