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
Artemon [7]
3 years ago
9

Suppose Carla has $7000 to invest. Which investment yields the greater return over 4 years: 7% compounded quarterly or 6.85% com

pounded monthly
Business
1 answer:
o-na [289]3 years ago
6 0

Answer:

The option with the quarterly compounding provides a higher future value.

Explanation:

Giving the following information:

Initial investment= $7,000

Number of years= 4 years

<u>To calculate the future value, we need to use the following formula:</u>

FV= PV*(1+i)^n

<u>Quarterly compounding:</u>

Interest rate (i)= 0.07/4= 0.0175

n= 4*4= 16

FV= 7,000*(1.0175^16)

FV= $9,239.51

<u>Monthly compounding:</u>

i= 0.0685/12= 0.00571

n= 4*12= 48

FV= 7,000*(1.00571^48)

FV= $9,200.07

The option with the quarterly compounding provides a higher future value.

You might be interested in
Which of the following are normally recorded on a registration card?
elena55 [62]
DONT OPEN THAT LINK ITS A HACKER IT CAN HAVK YOUR PHONE
5 0
2 years ago
Identify which of the following would generate an increase in the market demand for tablet devices, which are a normal good.
seraphim [82]

Answer:

The correct answer is letter "D": An increase in the number of consumers in the market for tablet devices.

Explanation:

Several factors can make the quantity demanded of a product increase. Mainly, <em>when the price of that good or service decreases the quantity demanded increases</em> (demand theory). However, there are some other factors such as the increase of the same product consumers in the market, who will directly ask for the good or service.

6 0
3 years ago
Power deriving from one's personal attraction is called ______ power.
Oksanka [162]

The correct answer to the question is (B) referent power.  

Referent power refers to <u>a type of power that a person attains through his or her interpersonal relationship skills</u>.

Though personalized power seems like an answer it is actually not, it is a type of motive that a person has for power. Legitimate, reward, and coercive all stem from external sources, and thus they do not fit the description in the question.

5 0
3 years ago
Federal Semiconductors issued 11% bonds, dated January 1, with a face amount of $800 million on January 1, 2021. The bonds sold
BabaBlast [244]

Answer:

calcule estúpido malparido

3 0
3 years ago
Look at the map showing the European Union (EU) and its free-trade agreement (FTA) countries.
shepuryov [24]

The actual correct answer is: <u>The European Union's free-trade agreements include agreements with both developed and developing nations.</u>

8 0
3 years ago
Read 2 more answers
Other questions:
  • Chocolotto, a chocolate manufacturer, displays a brown dot in a brown square symbol, instead of a green dot in a green square sy
    7·1 answer
  • Lewis is the manager of the marketing department at his company. Some of his colleagues are also his friends. Lewis often lets h
    15·1 answer
  • How does a country’s GPD help you determine if it’s economy is strong or weak
    15·1 answer
  • What is corrosion and rusting​
    11·1 answer
  • 13. The work day has just started and you receive reports that the inventory management server is not accessible on your company
    5·1 answer
  • Following are Nintendo's revenue and expense accounts for a recent calendar year.Net sales ¥ 1,014,345 Cost of sales 626,379 Adv
    9·1 answer
  • Gabrielle does not want to work a nine-to-five job. Still, she has to work to support herself. She accepts a job as a restaurant
    10·2 answers
  • Confusion Corp is expected to pay a dividend of $2 in the upcoming year. The risk-free rate of return is 4%, and the expected re
    7·1 answer
  • What is an appointment book used for?
    10·1 answer
  • Which of the following can impact your credit score
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!