Which of the following gives suggestions for new product and also help to market new product.

Recently, a certain bank offered a 5-year CD that earns 3.26% compounded continuously. Use the given information to answer the q

Maru [420]

Answer:

a. The CD will worth $35,311 in five years.

b. It will take 12.44 years for the account to be worth $45,000.

Explanation:

a) If $30,000 is invested in this CD, how much will it be worth in 5 years?(Round to the nearest cent.)

This can be determined using the formula for calculating the future value (FV) compounding formula as follows:

FV = PV * e^(rn) ................................... (1)

FV = Future value in five years = ?

PV = Present value of amount invested = $30,000

e = Mathematical constant approximated as 2.7183

r = Interest rate = 3.26%, or 0.0326

n = number of years = 5

Substituting the values into equation (1), we have:

FV = $30,000 * 2.7183^(0.0326 * 5)

FV= $35,311

Therefore, the CD will worth $35,311 in five years.

(b) How long will it take for the account to be worth $45,000?(Round to two decimal places as needed)

Also, using equation (1) part a, we have:

FV = Future value in n years = $45,000

PV = Present value of amount invested = $30,000

e = Mathematical constant approximated as 2.7183

r = Interest rate = 3.26%, or 0.0326

n = number of years it will take to have $45,000 = ?

Substituting the values into equation (1), we have:

$45,000 = $30,000 * 2.7183^(0.0326 * n)

$45,000 / $30,000 = 2.7183^(0.0326 * n)

1.50 = 2.7183^(0.0326 * n)

Loglinearise both sides and solve for n, we have:

Log(1.50) = (0.0326 * n)Log(2.7183)

0.176091259055681 = 0.0326 * n * 0.434297385124509

0.176091259055681 = n * 0.014158094755059

n = 0.176091259055681 / 0.014158094755059

n = 12.44 years

Therefore, it will take 12.44 years for the account to be worth $45,000.

6 0

3 years ago

The residuals are observations of the error variable . Consequently, the minimized sum of squared deviations is called the sum o

kenny6666 [7]

The statement in the question is True.

Explanation:

In statistics, the residual sum of squares (RSS), otherwise called the sum of squared residuals (SSR) or the total of squared estimate of errors (SSE), is the aggregate of the squares of residuals (deviations anticipated from real observational estimations of information). It is a proportion of the error between the information and an estimation model.

A little RSS demonstrates a tight attack of the model to the information. It is utilized as an optimality standard in parameter determination and model choice.

6 0

3 years ago

In 2018, Walmart reported sales of $500.3 billion, gross profits of $126.9 billion, EBIT of $20.4 billion, and net income of

Zina [86]

Answer:

$373.4

Explanation:

The cost of goods sold are the costs associated with the carrying value of the goods that were sold. In other words, it refers to the costs of the merchandise, the direct labor, the direct materials, and any other type of allocated overhead to the good.

When the cost of goods sold is substracted for sales revenue, we obtained the gross profits. Therefore, to find the answer, we simply write the following equation and solve:

Sales Revenue - Cost of Goods Sold = Gross Profits

500.3 - X = 126.9

500.3 - X - 500.3 = 126.9 - 500.3

-X = -373.4

Dividing each side by -1 we finally obtain:

X = 373.4

4 0

4 years ago

According to celeste condit, communication is a process of relating because _____. multiple choice question.

Elden [556K]

According to Celeste Condit, communication is a process of relating because: It occurs between two or more people and influences the type of connections.

Communication: The exchange of information, opinions, and ideas that result in a group of people organized to accomplish a certain goal having a shared interest, a clear sense of purpose, and an integrated effort is known as communication as a management (administration) tool.

Managers use communication to choose the best course of action, provide commands and instructions to subordinates, collect feedback from those subordinates, and stay in touch with people outside the organization.

According to Celeste Condit, communication is a process of relating because: It occurs between two or more people and influences the type of connections.

To learn more about Communication, visit the following link:

brainly.com/question/26152499

#SPJ4

8 0

2 years ago

Match Everything together pls help I will mark brainliest pls 100 points

Setler79 [48]

Answer:

t m h c i b j g k l a f o n p r e s d q

Explanation:

3 0

3 years ago