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
Romashka [77]
3 years ago
14

Marit Brunsell deposited $50,000 at Bank of America at 8% interest compound quarterly. What is the effective rate (APY) to the n

earest hundredth percent?
Business
1 answer:
Musya8 [376]3 years ago
5 0

Answer:

EAR = 8.24%

Explanation:

EAR = (1+APR/n)^n-1

Where  n is number of compounding per year = 4

EAR = (1+8%/4)^4 - 1

EAR = (1 + 0.02)^4

EAR = (1.02)^4

EAR = 1.08243216 - 1

EAR = 0.08243216

EAR = 8.24%

You might be interested in
A recently launched line of baby clothing is gaining popularity among a large mass of the population. In which stage of fashion
svet-max [94.6K]
C. Rise stage
Because if it’s gaining popularity then it’s on the rise to being popular
8 0
3 years ago
Read 2 more answers
When marketers use a variety of communication disciplines-advertising, personal selling, sales promotion, public relations, dire
BARSIC [14]

<u>Answer:</u>

<em>It is referred to as </em><u><em>Integrated marketing communications  </em></u>

<u></u>

<u>Explanation:</u>

IMC speaks to the advancement P of the "four Ps". It envelops an assortment of correspondence disciplines publicizing, personal selling, deals advancement, advertising, direct showcasing, and web-based promoting, including web-based life in the mix to give transparency, consistency, and most extreme open effect.

IMC folds correspondences over clients and causes them to travel through the different phases of the purchasing procedure. The association combines its picture, builds up an exchange, and supports its association with customers.

3 0
3 years ago
A single database that collects data and feeds it into applications that support each of the company's business activities, such
Montano1993 [528]

Answer:

a) true

Explanation:

The Enterprise resource planning system is a single database that helps to collect data and feed into applications with a motive to support the various business activities like - purchases, production, distribution, sales, marketing, finance, human resource, information technology, etc

The aim of this system is to conduct each and every business activity in an effective and efficient manner so that each one can share the database so that tracking could be done that helps to reduce the time and cost.

4 0
3 years ago
The average annual return over the period 1926-2009 for the S&amp;P 500 is 12.0%, and the standard
arsen [322]

Answer:

C) -30.6%, 54.6%

Explanation:

95% Confidence Interval = (Average Return - 2*Standard Deviation, Average Return + 2*Standard Deviation)

=(0.12 - 2*0.213, 0.12 + 2*0.213)

= -30.6%,54.6%

Therefore, The 95% confidence interval for  2010 returns is -30.6%,54.6%.

5 0
3 years ago
Basic to setting a product's price is the extent of __________. this information is used in estimating the revenues the firm exp
kifflom [539]
Supply and demand generally dictates the beginnings of pricing a product. Your targeted market, ability to serve them with a good product, the convenience to access your product. Credentials of the firm.
8 0
3 years ago
Other questions:
  • There are several ways to file pending insurance claims. what is the best way to file so that timely follow-up can be made?
    10·1 answer
  • To pay your bills on the due date or soon after is to earn a _________ credit rating.
    6·1 answer
  • How much education or training do you need for a airline pilot study.com?
    10·1 answer
  • Brief Exercise 26-4 Manson Industries incurs unit costs of $7 ($5 variable and $2 fixed) in making an assembly part for its fini
    8·1 answer
  • On june 1, 2014, england inc. reported a cash balance of $21,000. during june, england made deposits of $8,000 and made disburse
    11·1 answer
  • Activity Budgeted Activity Cost
    12·1 answer
  • Which of the following financial statements must special-purpose governments include in their financial statements if the specia
    5·1 answer
  • If beginning capital was $110,000, ending capital was $95,000, and the owner's withdrawals were $10,000, the amount of net incom
    11·1 answer
  • After solving the profit equation to isolate price, you have:
    7·1 answer
  • How do bonds earn income
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!