Marit Brunsell deposited $50,000 at Bank of America at 8% interest compound quarterly. What is the effective rate (APY) to the nearest hundredth percent?

Answers

Answer 1

Answer:

EAR = 8.24%

Explanation:

EAR = (1+APR/n)^n-1

Where  n is number of compounding per year = 4

EAR = (1+8%/4)^4 - 1

EAR = (1 + 0.02)^4

EAR = (1.02)^4

EAR = 1.08243216 - 1

EAR = 0.08243216

EAR = 8.24%


Related Questions

George runs a mid-size accounting practice and recently upgraded to Excel 2016. He expects sales to grow in the next few months during tax season. After that, he would like to begin upgrading some of the equipment and furniture for the employees in his office. He will start with the Reception area, which has the most visibility. If sales reach a certain amount by the end of April, George will purchase a desk, chair, computer, and software upgrade for the receptionist. Otherwise, George will just purchase the desk and chair. How can George determine the best action to take using a Sales Data worksheet

Answers

Answer:

The options are missing, so I looked for a similar question and found them:

Copy and paste all his Sales data formulas with relative reference Add an IF function formula to his Sales data worksheet Add the Now function formula to his sales data worksheet Copy and paste all his sales data formulas with absolute references

The correct answer is:

2. Add an IF function formula to his Sales data worksheet

Explanation:

The most popular worksheet is Excel, and the IF function in excel helps us to compare the actual value of a cell (or group of cells) and the value that we expected it would have.

In this case, George has decided to refurbish his office only IF his sale level increases above a certain point.

PLEASE HELP!!! Lionel works for an energy company interested in drilling for oil off the coast of a small island. The representative for the local fishing industry, Rochelle, says that locals are vigorously opposed to Lionel’s idea. A town meeting is held. Lionel explains how his company is dedicated to practicing the safest drilling techniques. He explains that oil piped from the ocean’s floor is purer and that it can be harvested in a more efficient way than an oil rig on land. Lionel also emphasizes how much the trucks carrying fish to the markets all over the country would save if local oil was able to be used. Rochelle fires back that in the past, serious accidents with offshore oil drilling have been reported. She points out that if there were a spill, the resulting death of fish would cost the local fisherman their livelihood. Local opinion on the issue is split. Before the town agrees to side with Lionel’s energy company or Rochelle’s local fish industry, officials orde

Answers

Answer:

the question is incomplete, the last part is missing:

Before the town agrees to side with Lionel’s energy company or Rochelle’s local fish industry, officials order a report from a biotechnologist. Everyone agrees to go with what the biotechnologist recommends. Which side do you think the biotechnologist will agree with? Why?

First of all we have to understand what a biotechnologist does. A biotechnologist studies the cells, tissues and other parts of living organisms  (similar to a biologist) but their purpose is to develop new processes, procedures or technologies that can be used by humans to make a profit. Biotechnologists develop products like herbicides for agriculture, or new drugs for pharmaceutical companies, etc.

A biologist would probably side with Rochelle and the rest of the fishermen, but a biotechnologist would probably side with Lionel and the oil company. Biotechnologists' work is based on developing new technologies from living organisms that can be used by companies to make a profit

What research will help you prepare you before you apply for a job

Answers

Answer:

What research will help prepare you before you apply for a job?

Explanation: A

HELPPP How would entrepreneur apply comfort with risk when developing a product or service ?

Answers

test the product before it launches

Answer:

Testing and responses help

Explanation:

ask for feedback from testers

Which are functions of money? Select the three correct answers.
A store of value
B. producer of resources
C. unit of account
D. medium of exchange
DE record of finances
F. unit of output

Answers

Answer:

A store of value

C. unit of account

D. medium of exchange

Explanation:

Money has four main functions. They are

The medium of exchange: It the most widely used and accepted instrument for the exchange of goods and servicesUnit of account: Money provides a standard measure of the value of goods and services being exchanged. Store of value: Money is known to keep its value for some period.  this enables other commodities, both perishable and non-perishables, to be assigned monetary values Standard of future payments: This function allows for trade to be done on credit terms.

Tiffany's Dilemma ​ Tiffany graduated from college and needed to decide where she wanted to work. She had several options. Her aunt Martha owned and operated a small business that she started about twenty years ago. Martha, an individual owner of her business, informed Tiffany that she could work for her. On one hand, Tiffany thought it would be a great opportunity to be able to work for her aunt, learn the business, and then run the business when her aunt retires. On the other hand, she also felt that she wanted something a little more challenging; a job where she could really use her education. Her other option would be to work for a company that a friend and her husband had started and jointly owned. It was a rapidly growing company with plenty of opportunity for advancement. However, Tiffany had some reservations about this choice because she was not sure she wanted to work for friends. Her last option was to work for a large retail company, headquartered in Maryland, which had s

Answers

Answer: that's a hard one lol let me try

Explanation:

one sec

When the survey results come back employees indicated that the lighting in the building was too low. They are 50 lights in the building. It will cost $50 to replace the light. The new lights are LED lights that are brighter and more efficient and last 10 years. It can save the company $350 per year in energy cost, plus make a brighter more productive work space making employees happier. How many years will it take for the new lights to pay for themselves? (round to the nearest year)

Answers

Answer: 7 years

Explanation:

There are 50 lights and it will cost $50 to replace each light.

Total replacement cost is therefore;

= $2,500

The company gets to save $350 per year if they use LED bulbs.

= 2,500/350

= 7.14 years

= 7 years

The number of years for the new lights to pay for themselves is 7 years.

The calculation is as follows:

There are 50 lights and it will cost $50 to replace each light.

Total replacement cost is  

= $2,500

Now  

The company gets to save $350 per year if they use LED bulbs.

= 2,500 ÷ 350

= 7.14 years

= 7 years

learn more: https://brainly.com/question/17429689?referrer=searchResults

You start a new business selling a product thats the best of its kind on the market. In addition to this product, what must you have to be successful?

Answers

Answer:

A. Good marketing

Explanation:

Every organization, regardless of the segment or product it sells, must develop a consistent marketing strategy.

A company that sells a product that is the best of its kind on the market, must invest in an effective strategy so that the product is known to consumers, is competitive and correctly distributed. The five p's of marketing can be a good strategy to correctly position the product on the market, as it involves strategic development for the product, price, promotion, place and people.

im starting my own business so I need things that would look cool in tie-dye

Answers

phone cases or shirts

State four ways in which the post office helps traders communicate to one another.​

Answers

Answer:

The post office helps traders to keep in touch with each other quickly. The Post office also provides express delivery by local urgent mail.

Answer:

he

Explanation:

Would be much appreiacted if you could please take a look at my recent question and see fi you could be of any use:)

Logistics means creating an efficient assembly line.
A.
True
B.
False

Answers

Answer:

False

Explanation:

The answer is false.

The answer is B. False. This is false but kind of true considering an assembly line is complex and moving supplies. Logistics deals with how things get to their destination, are stored, or are collected. Anyways it is False

as commander in chief, the president has the power to...

oversee the senate.
call the military into action.
remove supreme court justices.
control political parties.

Answers

Answer:

Call the military into action

Explanation:

A "commander in chief" is the one that exercises control over the military. With that power, of course, comes the ability to call them into action.

i need help somebody!!!!!!

Answers

Your grammar is incorrect. It is “somebody help me”

Answer:

oxygen

Explanation:

The pictogram for oxidizing products is an "o" with flames on top of it. The "o" is for oxygen and the flames show that oxidizers are significant fire hazard if they are not handled properly. There are three types of oxidizing product: oxidizing gases, oxidizing liquids and oxidizing solids.

A company uses the weighted average method for inventory costing. During a period, Department B finished and transferred 67,000 units to Department C. Also in Department B during the period, 18,500 units were started but brought only to a stage of being 60% completed. The number of equivalent units produced by Department B during the period was:

Answers

Answer:

78,100 units

Explanation:

Calculation for the number of equivalent units produced by Department B

Using this formula

Department B Number of equivalent units =

Units finished and transferred from Department B to Department C + (Units that were started in Department B × Percentage completed)

Let plug in the formula

Department B Number of equivalent units= 67,000 units + (18,500 units × 60%)

Department B Number of equivalent units= 67,000 units + 11,100 units

Department B Number of equivalent units= 78,100 units

Therefore The number of equivalent units produced by Department B during the period was 78,100 units

1. List and explain the functions of money

Answers

Answer:

Money serves several functions: a medium of exchange, a unit of account, a store of value, and a standard of deferred payment.

what is shareholders and can u give me an example​

Answers

Answer:

The definition of a shareholder is a person who owns shares in a company. Someone who owns stock in Apple is an example of a shareholder

Explanation:

Answer:

Someone who owns stock in Apple is an example of a shareholder.

Explanation:

Pete is trying to get a loan. He has a credit score of 480. How is Pete’s lender likely to view this credit score?
Pete is responsible and will pay the loan back on time.
Pete is responsible but will not pay the loan back on time.
Pete is irresponsible but will pay the loan back on time.
Pete is irresponsible and will not pay the loan back on time.


im mad at brainly so ima mark the best answer brainiest

Answers

Answer:

Pete is irresponsible and will not pay the loan back on time

Explanation:

Credit scores range from 300 to 850. In general, borrowers are categorized according to their credit scores as below

 A score between    300- 629... bad

                                 630-689 ... fair

                                 680-719 ...good

                                 720- 850... excellent

Pete has a bad credit score as per the above classification. He surely has a bad history when it comes to repaying loans. Lenders will consider him a high-risk borrower likely to default on his loan repayment.

Answer:

The correct answer is D. Pete is irresponsible and will not pay the loan back on time

Explanation:

That is the most likely way Pete's lender will view his credit score

Hopefully this helps :3 sorry if wrong :( Plz mark brainiest if correct :D Your bootiful/handsome! Have a great day luv <3 (I know Im like almost a year later but yayyyyyyy- Hopefully you passed your quiz/test :D)

-Bee~

The members of a certain business run the risk of losing their personal property should the enterprise fail. This is because they
1.have unlimited liability
2. have limited liability
3.are members of the board of directors
4.own ordinary shares

Answers

i believe the answer is 2/b, have limited liability. this is because they are paying for insurance, which only gives them a limited amount of times where they can ask for a payout before the insurance either skyrockets, or your plan is cancelled because you are deemed a flight risk. hope that helped!

The correct option is 2. Have unlimited liability.

The following information should be considered:

As it is pay off the insurance that provides the limited amount of time that could ask for the payout prior to the insurance. It can be either skyrockets, or the plan should be cancelled due to flight risk.

Learn more; brainly.com/question/17429689

By establishing property rights, governments provide _______ for people to create new goods and services.

1.thefts
2.incentives
3.Intangible assets

Answers

Answer:

2.incentives

Explanation:

There are many local, state, and federal government incentives available at the moment which are directed towards the home buyer, especially first home buyers of new homes. 

hopefully, that helps!

Un trabajador que gana $ 265 diarios, trabaja el domingo que no es su día de descanso, $ 21 de despensa, trasporte $ 25 pagado en efectivo, fondo de ahorro el 12 %, se le cobran $ 26 por dos alimento, tiene 3 años de servicio.

Answers

Responder:

Explicación:

Esta pregunta no solicitó qué responder, sin embargo, podemos conformarnos con la información que se nos proporcionó.

paso uno:

datos dados

Ganancias por día = $ 265

nos dicen que también trabaja los domingos

esto significa que trabaja los 7 días de la semana y los 365 días del año.

El 12% de las ganancias es para ahorros = 12/100 * 265

0,12 * 265 = $ 31,8

también se nos dice que lleva 3 años en servicio

por lo tanto, el número total de días es = 365 * 3 = 1095 días

La ganancia total por día durante tres años = 265 * 1095 = $ 290,175

Segundo paso:

Costo total de comestibles durante 3 años = 21 * 1095 = $ 22,995

Costo total de transporte durante 3 años = 25 * 1095 = $ 27,375

Ahorro total durante 3 años = 31,8 * 1095 = $ 34,821

Costo total de dos comidas durante 3 años = 26 * 1095 = $ 28,470

Paso tres:

Por lo tanto, la deducción total de sus ganancias durante 3 años es

= 22,995 + 27,375 + 34,821 + 28,470 = $ 113661

Y el saldo disponible será 290,175-113661 = $ 176514

The measurement of how far the particles are pushed from their _______________is called amplification.
Question 2 options:

1.compression

2.limit

3.starting point

4.wavelength

Answers

Answer:

3. starting point

Explanation:

i'm doing a quiz and had this question, this is the answer

Which describes the difference between simple and compound interest?

A> Simple interest is paid on small, short-term loans, while compound interest is paid on large, long-term loans.
B> Simple interest is paid on the principal, while compound interest is paid on the principal and interest accrued.
C> Simple interest is paid on large, long-term loans, while compound interest is paid on small, short-term loans.
D> Simple interest is paid on the principal and interest accrued, while compound interest is paid only on the principal.

Answers

Answer:

B> Simple interest is paid on the principal, while compound interest is paid on the principal and interest accrued.

Explanation:

Simple interests is the interest earned on the principal amount only. The amount of interest does not change throughout the life of the investment or loan.

In compound interests, the interest earned in a particular season is added to the principal amount. Adding together interest and the principal amount is referred to as compounding. The effect is that the principal amount increases every year. An increase in principal amount results in higher interest every subsequent year.

Simple interest is paid on the principal, while compound interest is paid on the principal, and interest accrued is the difference between simple and compound interest. Thus, option B is correct.

The interest that is solely paid on the principal amount is known as simple interest. Throughout the duration of the loan or investment, the interest rate remains constant.

Compound interest is an interest rate where the interest from one season is added to the principal. Compounding is the process of combining the principal amount, interest, and other amounts. The result is an annual rise in the principal amount. Every successive year, interest rises as the principal amount does as well.

Therefore, option B is the ideal selection.

Learn more about simple interests here:

https://brainly.com/question/30964674

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Two unrelated American quarter horses are bred together. What is this an example of?

Answers

It’s an example of cross breed

Answer: Straightbreeding

Explanation: 100% on test

Total revenue (TR) is:

A) The value of the firm's investment for the business to function
B) the value of a firm's profit per time period
C) a firm's sales revenue as a percentage of the industry's total revenue
D) the value of a firm's annual sales turnover over a specific period of time

Answers

i think it’s d. but im so sorry if im wrong!

YALLL HELP MENDJJJEMDJXJ
Question 3 of 10
What should a country that wants to increase its comparative advantage
when trading with another country try to do?
A. Lower the opportunity cost of producing the goods it trades
B. Produce more of a valuable good than the other country
C. Reduce its trade deficit with all of its other trading partners
D. Raise the price of its exports to generate more capital

Answers

Ans

its a

Explanation:

Absolute Advantage means to deliver more goods while comparative is the capacity to reduce opportunity costs more than a contender.

What do you understand by comparative and absolute advantage?

Absolute Advantage: The capacity to deliver even more of a good or service than a contender. Comparative Advantage: The capacity to produce at a lower opportunity cost than a contender.

Comparative advantage means reducing the opportunity cost of producing the goods.

Therefore, option A aptly describes the Comparative Advantage.

Learn more about the comparative and absolute advantage here:

https://brainly.com/question/13221821

1. The president of Auto Parts of America Corp recently testified before Congress, urging
them to limit the flow of imported auto parts into the US. He contended that these
imports were priced lower than foreign producers were charging for them in their own
countries. He believes foreign producers are:
a. Dumping
b. Exercising trade deficits
c. Promoting free trade
d. Exhibiting ethnocentricity

Answers

Answer:

The answer is A. Dumping

Explanation:

Chin needs more money in his net pay each month so he plans to reduce his federal income tax deduction from 12% to only 11% his monthly gross pay is $3500 in his deductions before they change a list in the table what will be his new monthly net pay round your answer to the nearest dollar

Answers

Answer:

$2891

From online search: The table and multiple-choice answers to this questions are as below

The table

Deduction                   Dollar Amount

Federal Income Tax      $420

State Income Tax             $95

Social Security                  $89

Medicare                           $40

multiple-choice answers

$2821

$2857

$2860

$2891

Explanation:

Chin wants to reduce the federal income tax deduction from 12% to only 11% .

The new federal income tax will be

=11% of $3500

=11/100 x 3500

=0.11 x 3500

=385.

Total deductions will be as follows

Federal Income Tax  $385

State Income Tax         $95

Social Security              $89

Medicare                        $40

Total=                             $609

The new net income

= $3500 - $609

=$2,891

Answer:

so D thx

Explanation:

Both mortgages and auto loans

A> are riskier for lenders.
B> are riskier for borrowers.
C>require a down payment in general.
D>require minimum payments.

Answers

Answer:

require a down payment in general.

Explanation:

A mortgage is mainly used to finance the purchase of homes and other high-value properties. Auto loans, as the name suggests, are for the purchase of motor vehicles. Both are credit facilities used in buying fixed assets.

In general, most asset financing options will require the borrower to put in a deposit. This is because the assets require a large amount of money, and lenders prefer to share that risk with the borrower. The deposit also indicates the borrower's commitment to the loan transactions.

Answer:

C

Explanation:

Vedantika Industries produces a wide variety of beauty products. Their range of skin polishing scrubs, shampoos, face washes and acne masks, and health drinks aids in promoting natural beauty is very promising and impressive. Since they were new in the market, they decided to sell their products through wholesalers. They appointed one wholesaler in each district and promised them that they will remain the exclusive dealers in that area. After few years, during one of the general meeting Sophia , newly appointed sales manager suggested that if they sell the product directly to retailers they will be able to offer competitive prices which will increase the sales turnover and eventually the profits. Sophia was directly supporting the elimination of whole sales.Do you agree with Sophia's suggestions? Give reasons in support of your answer.

Answers

Answer:

Currently, most companies are not only trying to eliminate wholesalers, they are also trying to eliminate retailers. Every level of the supply chain increases a product's price, and online retailing is making it more difficult to charge customers higher prices just because you are a local retailer. E.g. I even bought Coke online because they offered a great promotion that included free Christmas glasses.

If Vedantika wants to survive, they will need to first eliminate wholesalers and then eventually try to eliminate retailers (or at least minimize their number). The world has changed, for more than 50 years, Sears was king of retail. Now, they are barely surviving by selling real estate. It is just a matter of time before the vast majority of brick and mortar retailers close, they are dinosaurs trying to outlive extinction. The question should be, "How fast should Vedantika eliminate intermediaries?", not if they should eliminate them.  

The key to successful online retailing is offering a low price, and the only way to do it is by selling directly to your customers. It is reasonable to expect that groceries will still be sold at supermarkets or grocery stores, but makeup and other beauty products? Companies must adapt, and that is not something new. How many typewriters are sold nowadays? Soon, we might wonder how many PCs are sold.

DEFINE BUSINESS COLLABORATION?​

Answers

Collaboration in the context of business which allows people to work together is Khown as business collaboration
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