Answer:
They helped pioneering the next generation of technology by their advertising and making it as comfortable as it is.
Explanation:
Answer:
a. 20.40 %
b. 16.08 %
c. 20.92 %
d. 17.35 %
Explanation:
Effective Annual Interest Rate is the annual rate that if compounded once a year, would give us the same result as the interest per period compounded a number of times per year.
<em>Effective Annual Interest Rate = ( 1 + i/m)^m -1</em>
a. 19% compounded quarterly.
Effective Annual Interest Rate = ( 1 + 0.19/4)^4 -1
= 20.40 %
b. 15% compounded monthly.
Effective Annual Interest Rate = ( 1 + 0.15/12)^12 -1
= 16.08 %
c. 19% compounded daily.
Effective Annual Interest Rate = ( 1 + 0.19/365)^365 -1
= 20.92 %
d. 16% with continuous compounding.
Effective Annual Interest Rate = e^i - 1
= e^(0.16) -1
= 17.35 %
Answer: c). Required reserves = $0
Explanation: Reserve requirement is a Central Bank mandate imposed on all banks under which they must keep a certain fraction of their deposits as reserves with the Fed. These reserves are known as Required reserves.
Since, in this case the bank is borrowing $100,000 from the Fed it does not have to keep any reserves on this amount. Reserves are to kept only from deposits that the Bank has and not from loan borrowed by the bank.
Thus, the correct option will be required reserves is $0.
The information about the demand shows that macaroni is a normal good.
<h3>What is a demand?</h3>
Demand is the amount of goods and services that a buyer wants to buy at a price and a given time.
Since a 10 percent increase in income leads to a 15% decrease in the quantity of macaroni and cheese demanded. Therefore, macaroni is a normal good and the price elasticity of demand is greater than 1.
Learn more about demand on:
brainly.com/question/1245771