Answer:
The value of the initial deposit = $1269
Explanation:
Given - Account balance of 1723.57 the interest rate of the account is 3.4% compounded daily.
To find - If the account was opened 9 years ago, what was the value of the initial deposit
Proof -
We know that,
If the interest rate is compounded n times per year at an annual rate r, the present value of a A dollars payable t years from now is:
Here,
A = 1723.57
r = 3.4% = 0.034
n = 365 (because it is compounded daily )
t = 9
So,
we get
= 1723.57(1.000093151)⁻³²⁸⁵
= 1723.57(0.736396351)
= 1269.23066 ≈ $1269
∴ we get
The value of the initial deposit = $1269
Answer:
The finest veal is milk-fed.
Explanation:
As Jonah is ready to assess the feasibility of his business idea, he will be assessing the capability his business idea has to be successful or not.
<h3>What is a
business idea?</h3>
This refers to the concept that can be used for financial gain that is usually centered on a product/service that can be offered for money.
The feasibility of his business idea means the extent at which the business can be done or not, when he is assessing this, he will also need to assess the capability that the business idea has to be successful or not.
Read more about business idea
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Answer and Explanation:
The Preparation of the company's revenue and spending variances for December is prepared below:-
The report with respect to the company revenue and spending variance is presented in the attachment below
The revenue refers to the sales of the company
And, the spending variance refers to the difference between the actual amount of expenses incurred and the budgeted amount of expenses incurred. The same is shown in the below attachment.
The answer would be: The company's marketing team departement
The main function of a marketing deparement on every companies is to improve company's awareness to the potential customers in the market.
In order to do this, they often utilize various form of media such as newsletter email, blog, social media, etc.
