When a bank says their savings account earns 1% interest, that typically means you will earn 1% interest over what period of
time (Note: this is not referring to the compounding frequency or frequency of interest payment)?

Answers

Answer 1

Answer:

one year

Explanation:

The interest rate quoted by banks and other financial institutions applies for one year. Money deposited will earn the interest rate quoted if it stays with the bank for twelve consecutive months. In other words, the interest rate is for one year. Should a customer withdraw before one year is over, the bank will prorate the interest earned.


Related Questions

How do I pay taxes once I turn 18?

Answers

Answer:

ask your mother

Explanation:

ask your mother:)

Target's Market Pantry is an example of which of the following brand types?
Private label brand
Generic
Name brand
Corporate brand

Answers

Answer:

Name brand. hope this helps

The Galindo family plans to start a small business in our neighborhood. The father
borrows $10,000 from the bank at an annual interest rate of 7.5% rate for 42
months. What is the amount of interest he will pay on this loan?
$26.25
$26,250
$262,500
$2,625

Answers

Answer:

$2,625

Explanation:

Interest is calculated using the formula

I = p x r x t

For Galindo family

I= interest,

P = principal amount : $10,000

r= Interest rate: 7.5 % or 0.075

t= times in years : 3.5 years( 42 months /12)

I= $10,000 x 0.075 x 3.5

I=750 x 3.5

I=$2,625


16. Demographics are

Answers

Answer:

statistical data relating to the population and particular groups within it.

Explanation:

!!

write the importance of WTO​

Answers

Answer:

In brief, the World Trade Organization (WTO) is the only international organization dealing with the global rules of trade. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible.

Explanation:

this is the importance I think it could have.

It does this by implementing, regulating and operating trade agreements between countries, and provides a fair forum for trade negotiations between member countries, mediating on disputes as they arise. It aims to help with imports, exports and conducting trade fairly.

giving 80 points. Imagine that you are an economist whose job is to judge the impact of a new robotic assembly machine that is being widely adopted throughout the automotive industry. This new machinery has greatly increased the rate of new car production. However, it has also replaced many workers, leading to widespread job losses. In addition, although the supply of new cars may soon exceed demand, prices and profits have remained stable so far. In a brief paragraph, explain whether you would judge that this new technology has helped or hurt the overall economy. Be sure to clarify why you decided as you did. giving 80 points.

Answers

Answer:

I think it helped economy

Explanation:

I think Because If there will be facilitated car then there will be nice transportation and reserved visiting. Before looking my answer once you should look all information on internet too. I may be incorrect also.

If root 2 = 1.44412 , find the value of root of root 2 minus 1 divided by root 2 plus 1

Answers

Answer:

0.7516567698

Explanation:

I have a good caculator!

what is one of the reasons marketing is essential to the free market system A. it employs more people that any other career group. B. it helps educate consumers about competitive products. C. the sales of advertising makes television programming possible. D. it ensures that companies make healthy profit.

Answers

Answer:

B. it helps educate consumers about competitive products.

Explanation:

In the free-market economy, entrepreneurs have the freedom to start and operate any business of their preference. They are no restrictions on the number or type of business to establish. Due to this reason, business competition is very intense. Producers provide a variety of products and services that offer solutions to customers' problems.

Marketing becomes important as it informs consumers of the various goods and services available. It equips customers with the knowledge to enables them to choose between products.

differentiate between primary and secondary wants​

Answers

Answer:

Difference between primary needs and secondary needs: Primary needs: The primary needs are the basic requirements according to biological demands like oxygen for breathing, water for overcoming thirst, food for living and shelter. The secondary needs are the needs that remain even after the primary needs are satisfied

MATCH EACH TERM WITH EACH DEFINITION

Credit report
Grace period
Secured card
Annual percentage rate

1. The amount of interest paid on a unpaid balance

2. Number of days to run a balance before fees or interest are charged

3.A credit card with money in a savings account to act as collateral

4. A listing of a persons financial information and history

Answers

Answer:

grace period = 2

credit report= 4

secured card = 3

annual percentage rate = 1

Answer:

annual percentage ; the amount of interest charged on unpaid balances

grace paid ; number of days to run a balance before fees or interest are charged.

balance transfer ; the movement of money owed on one credit card to another credit card.

credit report ; listing of a person's financial information and history.

Explanation:

ap3x correct

HELP A GURL OUT! Imagine that you are a manager in a restaurant. Each month you have to purchase supplies for the restaurant. A meat supplier offers you a kickback of 10% if you purchase meat from him, even though his prices are slightly higher than the competitors. What would you do? Why?
PLZ ANSWER I NEED HELP!!!

Answers

Answer:

Decline the offer

Explanation:

I would most likely decline the offer. The fact that he is selling for higher but is willing to go 10% proves the meat isn’t worth the more money. I would stick with my current supplier. Unless there is a significant difference between the meats, there is no reason for him to be selling it any higher than his competitors and the fact that he is offering a discount proves that.

Janet Boyle intends to deposit $300 per year in a credit union for the next 10 years, and the credit union pays an annual interest rate of 8%. A. Determine the future value that Janet will have at the end of 10 years, given that end-of-period deposits are made and no interest is withdrawn, if (1) $300 is deposited annually and the credit union pays interest annually. (2) $150 is deposited semiannually and the credit union pays interest semiannually. (3) $75 is deposited quarterly and the credit union pays interest quarterly. B. Use your finding in part a to discuss the effect of more frequent deposits and compounding of interest on the future value of an annuity.

Answers

Answer:

A(1) Future value of annual deposit = $4,345.97

A(2) Future value of semiannual deposit = $4,466.71

A(3) Future value of quarterly deposit = $4,530.15

B. The more frequent deposits and compounding of interest are, the higher the future value of an annuity of an annuity will be.

Explanation:

A(1). Determine the future value that Janet will have at the end of 10 years, given that end-of-period deposits are made and no interest is withdrawn if (1) $300 is deposited annually and the credit union pays interest annually.

These can be calculated using the Future Value (FV) of an Ordinary Annuity as follows:

FVA = P * (((1 + r)^n - 1) / r) ................................. (1)

Where,

FVA = Future value of the annual deposit = ?

P = Annual deposit = $300

r = Annual interest rate = 8%, or 0.08

n = number of years = 10

Substituting the values into equation (1), we have:

FVA = $300 * (((1 + 0.08)^10 - 1) / 0.08)

FVA = $4,345.97

A(2). Determine the future value that Janet will have at the end of 10 years, given that end-of-period deposits are made and no interest is withdrawn if (2) $150 is deposited semiannually and the credit union pays interest semiannually.

These can be calculated using the Future Value (FV) of an Ordinary Annuity as follows:

FVS = P * (((1 + r)^n - 1) / r) ................................. (2)

Where,

FVS = Future value of the semiannual deposit = ?

P = Semiannual deposit = $150

r = Semiannual interest rate = 8% / 2 = 0.08 / 2 = 0.04

n = number of semiannual = 10 * 2 = 20

Substituting the values into equation (2), we have:

FVS = $150 * (((1 + 0.04)^20 - 1) / 0.04)

FVS = $4,466.71

A(3). Determine the future value that Janet will have at the end of 10 years, given that end-of-period deposits are made and no interest is withdrawn if (3) $75 is deposited quarterly and the credit union pays interest quarterly.

These can be calculated using the Future Value (FV) of an Ordinary Annuity as follows:

FVQ = P * (((1 + r)^n - 1) / r) ................................. (3)

Where,

FVQ = Future value of the semiannual deposit = ?

P = Quarterly deposit = $75

r = Quarterly interest rate = 8% / 4 = 0.08 / 4 = 0.02

n = number of quarters = 10 * 4 = 40

Substituting the values into equation (3), we have:

FVQ = $75 * (((1 + 0.02)^40 - 1) / 0.02)

FVQ = $4,530.15

B. Use your finding in part a to discuss the effect of more frequent deposits and compounding of interest on the future value of an annuity.

Since the future value of quarterly deposit of $4,530.15 is greater than the future value of semiannual deposit of $4,466.71 which on its own is also greater than the future value of annual deposit of $4,345.97, this implies that the more frequent deposits and compounding of interest are, the higher the future value of an annuity will be.

Fixed costs are _____.

a. the costs related to the product that have to be paid regardless of the amount you sell
b. the costs that change depending on a company's performance
c. the costs resulting from a business owner's choice when selecting one thing over another and how it will impact the business
d. none of the above
20 POINTS HURRY PLZZZ

Answers

Answer:

d. none of the above

Explanation:

Fixed costs are a firm's expenses that remain constant in a financial period. These are the costs that are not affected by the level or quantity of output. Fixed costs are the costs of staying in business because they have to be paid regardless of output level. Examples of fixed costs include rent, administrative salaries, insurance, depreciation, and license fees.

Costs that vary depending on company performance are variable costs. Opportunity costs are the costs resulting from a business owner's choice when selecting one thing over another and how it will impact the business

Answer:

The answer is A. the costs related to the product that have to be paid regardless of the amount you sell

Explanation:

guidance and discipline strategies in emergency child care setting should ?

a. be individualized for each child
c. be consistent for each child
d. teach children acceptable behavior
e. teach children self control
f. all of above

Answers

As a licensed foster mom, the answer is F. All of above

What are some consequences of not helping your team with a project? (Take your time)

Answers

Answer:

F maybe umm ion know just not good so help ur team

Explanation:

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1. You lose points

2. The full potential of the team is not met because one person did not contribute.

3. You seem unreliable.

Hope this helped you!

The questionnn is in the picture

Answers

Answer:

It's -1.75

Explanation:

Why are carpenters considered generalists?
O They are able to work independently.
O They supervise other workers on the operations team.
O They need an associate's degree for licensure.
O They are versatile and perform a variety of tasks.

Answers

Answer:

I feel like it's the last one but I could be wrong plz let me know

Explanation:

Answer:

They are versatile and perform a variety of tasks.

Explanation:

The effect acids have on most metals is called _____.
dehydration coating corrosion ionization Automobile batteries contain _____. sulfuric acid hydrochloric acid acetic acid carbonic acid

Answers

Answer:

yes sir uryan

Explanation:

Other Questions
Fifty years ago, bed bugs were nearly eliminated in the United States by using of pesticides like DDT. Today bed bugs are back in beds and theaters. DDT is no longer used due to environmental issues. Pyrethrums are currently the top choice for bed bug infestations. Pyrethrums are especially useful to us because they generally have a stronger effect on bugs than on humans and animals.Some bed bugs had mutations in their genetic code which allowed them to survive the chemical pesticide and they produced chemically resistant offspring. How can this be explained?Question 5 options:bed bugs chose other bugs to partner with who had the mutationmutations involved in the genetic variation of the bugs were chosen by thembed bugs chose other bugs to partner with who had no mutationsmutations involved in the genetic variation of the bugs are random A building casts a shadow that is 48 feet long. At the same time, a 6 foot tall man casts a shadow that is 11 feet long. If they two are proportional, calculate, to the nearest foot, the height of the building? The goal of photographic light is to make it look natural, even when it's not.true or false? Perception is:O A. creating images through your experiences.O B. picking up information and relaying it to the brain.O C. the ability to work top down or bottom up.O D. organizing and interpreting sensory input. Genetics is the scientific study of heredity? True False What gas in the atmosphere helps to protect us from that radiation I WILL GIVE BRAINLIEST!!!Choose the relative clause in this sentence.I'm making cookies for the friend whose car I borrowed.Choose 1 answer:(Choice A)Afor the friend(Choice B)Bwhose car I borrowed(Choice C)Ccookies for the friend whose car Find the value of x. the diagram shows the process in which pre-mRNA is changed into mrna; select and place the two appropriate labels for the diagram how do Family feuds affect children? Please at least one 2 paragraphs how does the author use structure to convey a sense of tension in the passage?A- by contrasting suffering in war dreams of lifeb- by foreshadowing the death to capture the soldiers dreams of home c- by utilizing flashbacks to capture the soldiers dreams of hi home d- by describing the soldiers inner struggle between going to war or going home For a field trip 4 students rode in cars andthe rest filled nine buses. How manystudents were in each bus if 472 studentswere on the trip?1a. What does the variable "x" represent?1b. What equation represents this word problem?1c. What is the solution to the word problem?(Please help me with this quiz) Most Americans use geography on a daily basis, using a GPS device to help them locateunfamiliar places. GPS uses satellites data to pinpoint where you are located in your car.Which of these is the best example of GPS action?A Absolute LocationB. Relative LocationC. Known LocationD. Place Read the claim below.The National Hockey League should ban fighting among players.Select the piece of evidence that best supports this claim.A. A recent study then and nearly 7,000 hockey game is to find out why fights break outB. Professional hockey players are already subject to penalties for fightingC. hockey players may suffer head trauma and other serious injuries during fight An air traffic controller is tracking two planes. To start, Plane A is at an altitude of 4385 feet and Plane B is at an altitude of 5000 feet. Plane A is gaining altitude at 55.5 feet per second and Plane B is gaining altitude at 45.25 feet per second. How many seconds will pass before the planes are at the same altitude?secondsWhat will their altitude be when they're at the same altitude?feet Use exponents to write each expression.6 x 6 x 6 = hello i new i great homework helper i would help you with ur hw Which is the better value?A. 6 ounces of hot Cheetos for $2.16B. 10 ounces of hot Cheetos for $2.70 1) Jared got 18 out of 25 questions correct on a quiz. What grade did he get? Without solving the systems, explain why the following systems must have the same solution. System (a): 4 5 = 13 System (b): 8 10 = 26 3 + 6 = 11 11 = 2