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Agata [3.3K]
2 years ago
8

Sergio has decided to diversify his investments in the following way: $4,000 in an account earning 3. 2% simple interest $4,000

in a savings account earning 2. 1% interest compounded annually $7,500 in a certificate of deposit earning 5% interest compounded quarterly How much total interest will Sergio earn on his investments at the end of 4 years? a. $1,240. 82 b. $2,123. 90 c. $2,497. 17 d. $2,507. 90.
Business
1 answer:
storchak [24]2 years ago
7 0

The total interest earned at the end of 4 years is $2,507. 90.

The formula for determining simple interest is: Principal x interest rate x time

$4000 x 3.2% x 4 = $512.

The formula for determining interest with compounding is: future value - amount invested.

The formula for calculating future value:

FV = P (1 + r/m)^nm

  • FV = Future value  
  • P = Present value  
  • R = interest rate  
  • m = number of compounding
  • N = number of years  

Future value of the savings account = $4000 x (1.021)^4 = $4346.73

Interest = $4346.73 - $4000 = $346.73

Future value of the certificate of deposit = $7500 x (1.0125)^16 = $9149.17

Interest = $9149.17 - $7500 = $1649.17

Total interest =  $1649.17 + $346.73 + $512. = $2,507. 90.

To learn more about future value, please check: brainly.com/question/18760477

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Zepler [3.9K]
Anarchy is good and bad. Compared to communism it is WAY BETTER. Though, you can't vote on your leader like in democracies. Especially if you agree with the leader's values in an anarchy you would probably enjoy it. Also anarchies do have lots of power. I would say to search this up on google though.
6 0
2 years ago
Summit Products, Inc. is interested in producing and selling an improved widget. Market research indicates that customers would
ladessa [460]

Answer:

b.$ 66

Explanation:

The question requires that Summit requires a return on sales of 25 %. To achieve that the cost of goods sold should be 75 %.

if the revised selling price is                                         $ 88

the target cost price would be ( $ 88 * 75 %)              % 66                

7 0
2 years ago
yusef has just finished compiling a list of potential customers and evaluating their ability, willingness, and authority to buy.
grin007 [14]

Yusef has just finished gathering a list of prospective clients and assessing their capacity, eagerness, and authorization to purchase. The pre approach is his next move in the personal selling process, he is aware of this.

<h3>What is a marketing strategy?</h3>

A marketing strategy is a company's overarching plan for connecting with prospective consumers and persuading them to purchase its services or products. A marketing plan typically includes the value proposition of the company, key brand messages, data on target customer demographics, and other significant elements.

The 4 Ps of marketing—product, pricing, place, and promotion—are covered in-depth in a marketing strategy.

A well-defined marketing strategy should center on the firm's value proposition, which tells customers what the company stands for, how it operates, and why it deserves their business.

This creates a structure for marketing teams to adopt when they create strategies for all of the company's products and services.

To know more about marketing strategies, visit :

brainly.com/question/25492268

#SPJ4

7 0
8 months ago
Lok Co. reports net sales of $5,856,480 for 2016 and $8,679,690 for 2017. End-of-year balances for total assets are 2015, $1,686
mart [117]

Answer:

2016 = $3.36

2017 = $4.59

Explanation:

The solution of total assets turnover is shown below:-

Particulars                                              2016          2017  

Total assets in the beginning     $1,686,000    $1,800,000

Total assets at the end                $1,800,000    $1,982,000

Average assets                            $1,743,000    $1,891,000

(Assets in the beginning + Assets at end) ÷ 2

Sales revenue                               $5,856,480   $8,679,690

Total assets turnover                     $3.36              $4.59

(Sales revenue ÷ Average Total assets)

4 0
3 years ago
Companies must prioritize and determine the performance dimensions on which they will focus and excel. Each performance dimensio
gladu [14]

Answer:

Quality.

Explanation:

Garvin´s definitions of quality based on the perspective of the viewer (perception is reality):

-Transcendent. quality is intuitively understood but nearly impossible to communicate.

-Product based. quality is found in the components and attributes of a product.

-User based. if the costumer is satisfied, the product has good quality.

-Manufacturing based. if the products conforms to desing specifications, it has good quality.

-Value based. if the product is perceived as providing good value for price, it has a good quality.

Garvin´s dimensions of product quality are:

Performance, features, reliability, conformance, durability, serviceability, aesthetics, and perceived quality.

These different dimensions of quality are not mutually exclusive.

6 0
3 years ago
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