Answers
Related Questions
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future value that Janet will have at the end of 10 years, given that end-of-period deposits are made and no interest is withdrawn, if (1) $300 is deposited annually and the credit union pays interest annually.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future value that Janet will have at the end of 10 years, given that end-of-period deposits are made and no interest is withdrawn if (1) $300 is deposited annually and the credit union pays interest annually.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future value that Janet will have at the end of 10 years, given that end-of-period deposits are made and no interest is withdrawn if (2) $150 is deposited semiannually and the credit union pays interest semiannually.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future value that Janet will have at the end of 10 years, given that end-of-period deposits are made and no interest is withdrawn if (3) $75 is deposited quarterly and the credit union pays interest quarterly.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.
On a personal level, as you begin looking for a job after you graduate, it will be critical for you to know how to
A) market value
B) communicate value.
C) deliver value
D) forecast value
E) explain value
Answers
Answer:
B) communicate value.
Explanation:
Employees are a cost to employers. An employer will consider hiring a new employee if they are convinced that the benefits from the employee outweigh the costs.
A fresh graduate will have to convince a potential employer that they are worth being hired. The graduates need to communicate the value they shall add to the business. The ability to communicate one's value is critical for a successful job hunting mission.
Please help. I’m struggling. 20 points !!!!
To propose the idea of creating a partnership with another business, you will need to prepare
a formal business letter to send to the owner of Great BBQ, Hank White. This proposal should
introduce the following ideas:
Forming a partnership would allow both restaurants to sell the other's product and
merchandise.
The partnership would expand both of our businesses and customer base.
.
A more detailed meeting and presentation will follow if Great BBQ is interested.
Prepare a business letter to send to Great BBQ. (8 points)
Answers
Answer:
The letter could be somewhat like this:
Dear Hank White, CEO of Great BBQ
I am John Smith, I am the CEO of a meat distributor. I specialize in prime cuts like New York Ribeye, Tenderloin, and Wagyu Beef with the best Japanese Technique.
I am sure that as business partners, we both could do better than we do right now. I have the best raw material for your restaurant business, and you have the BBQ expertise and knowledge.
I would appreciate if you considered this letter, you can call me any time if you want to discuss further, or write me an email-.
Sincerely
John Smith
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.
_______________ is intentionally or unintentionally using someone else's work without giving credit to the original author or creator.
a.
Research
b.
Plagiarism
c.
Articulation
d.
Investigation
Answers
Answer:
b. Plagiarism
Explanation:
Plagiarism refers to the action of presenting somebody else work as your original work acknowledging the original author. Plagiarism may be deliberate or unintended. The internet has software applications that assist students and scholars check against plagiarism.
Plagiarism is considered an offense in the academic and scholarly world.
Answer:
B
Explanation:
edg2021
Modulation requires a change of key for a whole piece of music.
TRUE or FALSE
Answers
Answer:
TRUE! HOPE THIS HELPS! :)
Explanation:
Answer:
FALSE is the answer
Explanation:
suppose the national bank of commerce has excess reserves of 8000 and outstanding checkable deposits and 150000 if the reserve ratio is 20 percent, what is the size of the banks actual reserves
Answers
Answer:
the size of the banks actual reserves is $38,000
Explanation:
The computation the size of the bank actual reserve is shown below:
But before that the required reserve is
= Reserve ratio × checkable deposit
= 20% × 150,000
= $30,000
Now the actual reserve is
= Required reserve + excess reserve
= $30,000 + $8,000
= $38,000
Hence, the size of the banks actual reserves is $38,000
What should you do when you have multiple goals that conflict with each other?
Answers
Bank loan applications require:
less information than online credit applications
only general information
detailed information from owners and the applying company
only partial responses to the questions asked
Answers
Answer:
detailed information from owners and the applying company
Explanation:
Banks require detailed information from the loan applicant and their company. The information is useful in assessing the applicant's eligibility for a loan. When issuing loans, a bank is concerned about the borrower's ability to repay. For this reason, the need will require the applicant to state the loan's purposes, how they intend to repay, income tax information, and the collateral to be provided.
The applicant has to give detailed information to convince the bank that they should get the loan.
Explain why it is important to have some goals when developing a budget plan?
Answers
Answer:
U might go broke on tha cash
Explanation:
According to the Small Business Administration, the percentage of businesses that
survive the first five years is about
Answers
Answer:
50%
Explanation:
What would you argue is the most important person, event, or invention of the last 100 years? (1920-2020) Why?
Answers
Answer: Albert Einstein, nikola tesla, and elon musk
Explanation:
Albert Einstein one of the most intelligent person or was had help make an atomic bomb and made the most infamous equation in history. Nikola tesla made the tesla coil and helped make the light bulb and proved that he wouldn't die from electricity. And Elon Musk made the tesla brand and space x and is still trying to figure out how to terraform mars
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?
Answers
Answer:
i would say that his prices were a little high and ask for 20% off if he cant give that off then i would just say okay. why? because that's the plight thing to do.
Explanation:
hope this help.
brainiest please
Answer:
I hope this helps :)
Explanation:
Well I feel like I would purchase the meat based on quality. Of course it's going to cost me more, but you can't go wrong with better product. If the other places are selling meat for less, but the quality is bad what's the point. I definatly would choose quality over quanity when it comes to the purchase of meat.
A company sells machinery at book value. What impact does this have on the
company's net income on the income statement?
A. It is increased by the sale amount.
B. It is decreased by the sale amount.
C. It is not changed.
D. It equals the sale amount.
Answers
Answer: C. It is not charged.
Explanation: Ap3x
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
How do I pay taxes once I turn 18?
Answers
Answer:
ask your mother
Explanation:
ask your mother:)
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.
18
Which of the following is a similarity between socialism and communism?
A both allow free market systems
B both allow freedom in work choices for the people
C bothhavelowtaxation policies
D both have strong involvement of the government
Answers
Answer:
D both have strong involvement of the government
Explanation:
Both socialism and communism are characterized by strong government participation in economic activities. The two systems advocates for public ownership of the factor of production. The government owns and controls the production and distribution of goods and services.
Socialists and communist market systems promote the greater good of society rather than individual benefits as in the free-market economies.
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:
What steps will add a totals row to a database? Use the drop-down menus to complete them.
1. In the Home tab, go to the Records group.
2. Click the
button and a totals row will be added to the
of the database.
3. In each column of the totals row, select the formula for the row to calculate.
4. For a count total of how many records qualify, select
.
5. For a total amount in currency column, select
.
Answers
Answer:
1)Totals
2)Bottom
3)Count
4)Sum
Explanation:
I did it on Edg
An hourly employee works 40 regular hours during a pay period. His base pay
is $12 per hour. He receives no other payments. What is his gross pay for the
period?
A. $480
Ο Ο Ο
B. $440
C. $400
D. $520
Answers
Answer:
A. 480
Explanation:
gotchu
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
Which item is important to consider when selecting a
credit card?
Annual Percentage Rate (APR)
Fees
The look of the credit card
th
Both APR and fees
Answers
Answer:
Both APR and fees
Explanation:
The Annual Percentage Rate -APR is the interest rate a customer pays on a credit card per year. Credit cards extend loans to the holder every time they are used. If the credit card user does not pay the full amount on the due date, it attracts interest charges. The higher the APR, the more interest a cardholder will pay. In selecting a credit card provider, APR is the most important factor to consider.
Credit card attracts other fees other the interest. These fees include Balance Transfer Fee, Foreign Transaction Fee, Annual Fee, and Cash Advance Fee. These fees affect the customer's overall cost of using the credit card. Customers should compare different credit card companies and select one with favorable fees.
What is the difference between marketing and merchandising? How do each of these concepts fulfill a different function in the business world? Explain and provide a real-world example of each.
Answers
Answer:
The difference between marketing and merchandising is that marketing is virtual, like it is an advertisement via the Internet, paper copies, etc. Meanwhile, merchandising is a in-person product advertisement, like a salesman showing a potential buyer a new car. These concepts fufill different functions in the business world, since marketing can reach more people, more easily, while merchandising can only reach a handful of people, but the people will be more likely to buy the product. An example of marketing would be a car company advertising a new model via the Internet. An example of merchandising would be a salesman showing a customer a new car model.
Explanation:
Please mark as Brainliest!!!I worked very hard on this!
Marketing is virtual like a car company advertising a new model via the internet while merchandising is an in-person product advertisement like a salesman showing a potential buyer a new car model.
What is marketing?Marketing can be understood as the process of exploring, creating, and delivering value to meet the needs of a target market in terms of goods and services. It potentially includes things such as the selection of a target audience, the selection of certain attributes or themes to emphasize in advertising, the operation of advertising campaigns, and attendance at trade shows and public events.
It also includes the design of products and packaging attractive to buyers, defining the terms of sale, such as price, discounts, warranty, and return policy, product placement in media or with people believed to influence the buying habits of others, agreements with retailers, wholesale distributors, or resellers and attempts to create awareness of, loyalty to, and positive feelings about a brand.
Marketing is typically done by the seller, typically a retailer or manufacturer.
Learn more about marketing, here:
https://brainly.com/question/13414268
#SPJ2
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
COMPARE: Credit or Debit?
Now that you know how credit cards are different from debit cards, let's practice your
knowledge by determining if the following facts apply to credit cards, debit cards, or both!
Put a check mark in the appropriate columns.
1
Answers
2) debit card
3)Both
4)credit card
5)Credit card
6)Credit card
7)Debit Card
8)Both
That’s the best I can do. Lemme know if there’s any you feel is not right and I’ll look into it
16. Demographics are
Answers
Answer:
statistical data relating to the population and particular groups within it.
Explanation:
!!
The questionnn is in the picture
Answers
Answer:
It's -1.75
Explanation:
Click this link to view O*NET's Tasks section for Postal Service Mail Carriers. Note that common tasks are listed
toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common
tasks performed by Postal Service Mail Carriers? Check all that apply.
installing mailboxes
O obtaining signed receipts for mail
sorting mail
delivering mail
O supervising other mail workers
reviewing job applicants
Done
Answers
Answer:
1. obtaining signed receipts for mail
2. sorting mail
3. delivering mail
Explanation:
Postal Service Mail Carrier's main responsibility is to deliver mail to their intended receipts. The Postal Service mail carriers are the last people in the mail distribution channel. They are the people who get mail to the receipts and have them sign for it.
The Postal service mail carriers will be issued with mail, usually for a particular route. They will sort to identify the address where each mail is to be delivered. Upon arriving at the correct address, the postal service mail carrier will hand over the mail to the recipient and have them sign as an acknowledgment of receipt.
Answer:
AEF
Explanation:
Name two things that can happen during a strong earthquake
Answers
Answer:
An earthquake damages buildings and land, Violent shaking from an earthquake collapses buildings, which causes the most deaths and casualties, and destroys power lines and ruptures natural gas supply lines, causing fires. Land can also collapse or pull apart, causing more buildings to fall
Explanation:
g00gle
