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
vivado [14]
2 years ago
6

Elena says that 6% interest compounded semi-annually is the same as 1% interest compounded every month: she reasons they are the

same because they are both a 12% nominal annual interest rate. Is Elena correct that these two situations both offer a 12% nominal annual interest rate?
Business
1 answer:
Anarel [89]2 years ago
8 0

Elena is not correct in the two situations.

<h3>What is the effective annual rate?</h3>

Effective annual rate is the interest rate when the effects of compounding is taken account for.  In order to determine if Elena is correct, the effective annual rate has to be calculated.

Effective annual rate = (1 + APR / m ) ^m - 1

M = number of compounding

(1 + 0.12 / 12)^12 - 1 = 12.68%

(1 + 0.12 / 2)^2 - 1 = 12.36%

To learn more about the effective annual rate, please check: brainly.com/question/4064975

You might be interested in
If a salesperson seeks to avoid customer interactions, what are they suffering from?
Leviafan [203]

Call reluctance is what they are suffering from if they tend to avoid customers.

<h3>What is Customer interaction?</h3>

Every company is at the mercy of the people who use it. The market is cutthroat, and consumer expectations have skyrocketed. Simply put, providing a quality good or service is insufficient. The positioning of your brand in the market, however, can be greatly influenced by the relationships you build with your customers. While discussing the importance of customer interactions, it's important to keep in mind that the customer experience is a continuous process. Building stronger ties with your customers is a continuous process.

Before we go into the specifics of how customer interaction can be advantageous for your business, it is crucial to understand what it is. Addressing customer needs and ensuring they are met through the provision of your good or service is referred to as customer interaction. Companies frequently employ salespeople with the necessary training to conduct these customer interactions. Overall, having a better understanding of your customers can give you a competitive edge.

Thus, customer interaction should be taken care of well.

For more information on Customer interaction, refer to the given link:

brainly.com/question/14569242

#SPJ4

4 0
2 years ago
How has globalization made countries more independent
mrs_skeptik [129]
How has globalization made countries more interdependent? ... - Countries now rely on one another for chances to import. - Countries rely on each other for cheaper products. - One way to measure economic growth is by using GDP, which stands for Countries now rely on one another for chances to export.
Form go ogle
6 0
3 years ago
Read 2 more answers
Typical ____________ data include gender, income and geographic region.
Simora [160]
Typical demographics data include gender, income and geographic region.
4 0
3 years ago
In the selling concept business model, which of the four elements of the marketing mix is most heavily emphasized?
OLEGan [10]

In the selling concept business model, Promotion the four elements of the marketing mix is most heavily emphasized.

The concept of marketing deals with the idea of ​​meeting customer needs through products as a solution to customer problems (needs). The concept of marketing represents a fundamental change in today's corporate orientation that forms the basis for achieving competitive advantage.

The concept of marketing refers to the strategy marketers use to target their customers, but it also helps cool the competition by maximizing profits through increased sales.

A production-based sales concept that does not consider the customer. The marketing mix concept is based on producing products that customers need and satisfying them.

Learn more about marketing mix at

brainly.com/question/859394

#SPJ4

3 0
1 year ago
An insured's CGL has a Products and Completed Operations Aggregate Limit of $100,000 with a $20,000 limit per occurrence. Follow
Alexeev081 [22]

Answer:

lol i knew it then had to do something and forgot

Explanation:

7 0
4 years ago
Other questions:
  • Dollar Shave Club asks men to "Shave Money, Shave Time" in its commercials; it offers high-quality blades available by mail for
    11·2 answers
  • Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the companyâs products, a football helmet for the N
    6·1 answer
  • 5. Describe a product you know of that has elastic demand. Why is the demand for this
    12·1 answer
  • One role of marketing communications in the problem recognition stage of the purchase decision-making process is to: alert the c
    7·1 answer
  • What is the stage that follows recession and depression
    5·1 answer
  • Alex is willing to pay $10, and Bella is willing to pay $8, for 1 pound of ribeye steak. When the price of ribeye steak increase
    7·1 answer
  • Which of the following statements is CORRECT? Sole proprietorships are subject to more regulations than corporations. In any typ
    8·1 answer
  • Businesses offer many of the marketing functions, and consumers usually take part in _____ when they make purchases.
    6·1 answer
  • The correct answer get a Brainliest(Picture)
    15·2 answers
  • Expenses paid and recorded as assets before they are used are called.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!