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sp2606 [1]
3 years ago
8

Mike is considering investing $18,500 in an investment that will have a maturity value of $32,500 in 8 years. if the interest is

compounded monthly, what is the annual rate of return earned on the investment?
Business
1 answer:
mart [117]3 years ago
7 0
<span>Mike is considering investing $18,500 in an investment that will have a maturity value of $32,500 in 8 years. if the interest is compounded monthly, what is the annual rate of return earned on the investment?

7.06%
</span>
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Which of the following would tend to shift the supply of dollars in the market for foreign-currency exchange in the open-economy
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Answer:

The right answers are either b. or d., or both.

Explanation:

When the dollar loses value, there is higher demand for foreign imports in a country because they become cheaper. When the dollar gains  in value, a foreign country´s exports increase. Changes in the value of currencies reflect changes in demand and supply. An increase in exports will shift the demand curve of the dollar higher. A reduction of imports will have a contrary effect.

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ABC had the following net income (loss) the first three years of operation: $7,100, ($1,600), and $3,600. If the Retained Earnin
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Answer:

The total amount of dividends paid over these three years: $8000

Explanation:

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=> the total net income is the first three years of operation is:

$7,100 -  ($1,600) +  $3,600  

= $9,100

This money is not kept in the Retained Earnings because it is used for dividend payment. But Earnings balance at the end of year three is $1,100, so the total amount of dividends paid over these three years:

= Total net incomes - Retained Earnings

= $9,100 - $1,100,  

= $8000

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3 years ago
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A bank has $400 in checkable deposits, $800 in savings deposits, $700 in time deposits, $900 in loans to businesses, $300 in out
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Answer: $400

Explanation:

M1 money supply simply refers to the monies which are liquid like the checkable deposits, traveler's checks, and the coins and currencies that are in circulation.

Therefore, based on the information given in the question, the bank's deposits that are part of M1 will be the $400 in checkable deposit.

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