Answer:
see below
Explanation:
Banks pay interest on customer deposits. It means that a customer's deposit will grow if left at the banks for some period. When a customer deposits, the bank retains only a small fraction of the money in its custody. The bigger portion is loaned out to other customers. Therefore, a bank uses customer deposits to create loans. In return, the banks will pay customers interest for the use of their deposits. Banks also charge interest when they loan out money.
Answer:The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines what effect the relationship between the availability of a particular product and the desire (or demand) for that product has on its price.
Explanation:
Answer:
3.73%
Explanation:
The computation of the rate of interest that makes the equivalent is shown below:
As we know that
Present value=Cash flow × Present value discounting factor ( interest rate% , time period)
Let us assume the interest rate be x
where,
Present value of $400,000 is
= $400,000 ÷ 1.0x ^5
And,
Present value of $1,000,000 be
= $1,000,000 ÷ 1.0x^30
Now eqaute these two equations
$400,000 ÷ 1.0x^5 = $1,000,000 ÷ 1.0x^30
(1.0x^30) ÷ (1.0x^5) = $1,000,000 ÷ $400,000
1.0x^(30 - 5)=2.5
1.0x^25=2.5
1.0x = (2.5)^(1 ÷ 25)
x =1.03733158 - 1
= 3.73%
STEM: nanobiologist, statistician, automotive engineer.
Information Technology: database administrator, computer help desk technician, video game designer.
Arts, A/V Technology, and Communications: printing equipment operator, special effects artist, graphics illustrator.
The applicable law in the instance when Austin, Texas decides on imposing a new tax code on business owners within the city is <u>B. Public law.</u>
<h3>What is Public Law?</h3>
Public law concerns all matters pertaining to the relationship between the city government and legal entities or persons residing or doing businesses in the city. Public law, therefore, governs the relationship between the city and its subjects, which include individuals and organizations within the city.
<h3>Answer Options:</h3>
A. Private law
B. Public law
C. Federal law
D. Criminal law
E. State law
Thus, the applicable law in this instance is public law and not private, federal, criminal, or state laws.
Learn more about public laws at brainly.com/question/26332646
