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3 years ago

What is a Savings and loans bank

Business

2 answers:

Reil [10]3 years ago

6 0

Answer:

-A savings account is a bank account at a retail bank whose features include the requirements that only a limited number of withdrawals can take place, it does not have cheque facilities and usually do not have a linked debit card facility, it has limited transfer facilities and cannot be overdrawn.

-In finance, a loan is the lending of money by one or more individuals, organizations, or other entities to other individuals, organizations etc. The recipient incurs a debt and is usually liable to pay interest on that debt until it is repaid as well as to repay the principal amount borrowed

Explanation:

Luden [163]3 years ago

5 0

Savings is where you save money

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Mr. Moore is 35 years old today and is beginning to plan for his retirement. He wants to set aside an equal amount at the end of

gladu [14]

Answer:

correct option is c. $2,164

Explanation:

given data

Cash Flow C = $25000

expected Interest rate r = 10% = 0.10

Total Periods n = 60 year to 80 year = 20 years

solution

we get here present value of ordinary Annuity that is

present value = $C \times (\frac{(1-(1+r)^{-n})}{r})$ ....................1

put here value and we get

present value = $25000\times (\frac{(1-(1+0.10)^{-20})}{0.10})$

solve it we get

present value = 212839.09

so Annuity paid amount by 35 age to 60 age is $212839.09

and

now it will future value for age 35 year to 60 year that is 25 year time period

Future Value = $212839.09

now we apply formula for future value of ordinary Annuity that is

future value = $C\times (\frac{(((1+r)^n)-1)}{r})$ ...................2

put here value and we get

$212839.09 = $c \times \frac{(1+0.10)^{25} - 1}{0.10}$

solve it we get

c = $2164.16

so correct option is c. $2,164

7 0

3 years ago

What is the 2016 repayment limitation for a single taxpayer who has income at a 350% poverty level?

Mademuasel [1]

For taxpayers with household income below 400% of the FPL there is a table of repayment limitation.
For at least 300% but not less than 400% ( for example: 350% ) it is $1,250.
Answer: $1,250.

7 0

3 years ago

Hoffman-LaRoche Ltd. and BASF AG, two international pharmaceutical companies, were ordered to pay $725 million in fines for plot

olya-2409 [2.1K]

Answer:

Political and Legal

Explanation:

Hoffman-LaRoche Ltd. and BASF AG, two international pharmaceutical companies, were ordered to pay $725 million in fines for plotting to raise and fix prices of vitamins used in virtually every home in the U.S. This is an example of how <u>political and legal</u> forces affect the marketing environment.

Business organisations operate within a political system and legal framework. Political factors determine economic policies like taxation and regulations. Business decisions are subject to, and are affected by political and legal factors.

Governments formulate a series of legislations to monitor business activities and protect consumer and social interests.

Such laws would either create new opportunities or threats for the businesses in existence.

In the Scenario above Hoffman-LaRoche and BASF AG must have violated regulations that protect consumer interests put in place by the government by wanting consumers to pay too high for such necessities as vitamins and huge fines have been imposed on them.

7 0

3 years ago

Chadmark Corporation's budgeted monthly sales are $3,000. The company sells on credit with terms of 2/10 net 45. Forty (40) perc

Lina20 [59]

The Chadmark Corporation's total cash receipts for a typical month is $2,976.

Data and Calculations:

Budgeted monthly sales = $3,000

Credit terms = 2/10 net 45

Percentage that take discount = 40%

Sales with discount =$1,200 ($3,000 x 40%)

Cash receipts from the 40% customers = $1,176

Cash Discounts =$24

Sales without discount = $1,800 ($3,000 x (1 - 40%)

Total cash receipts = $2,976 ($1,800 + $1,176)

Thus, Chadmark's total cash receipts for typical month is $2,976.

Learn more: brainly.com/question/24550417

3 0

3 years ago

Economists usually assume that production is subject to increasing opportunity costs because:

victus00 [196]

Answer:C

Explanation:

7 0

3 years ago