Answer:
a. 2 years
b. 1 year
c. 12 times
Explanation:
Interest period is the duration of the deposit. It is the length of time the money would remain in deposit. This is 2 years according to the question
Compounding period = number of times interest would be paid. In the question, this is a year. So interest would be paid every year
The compounding frequency - it is the number of times the deposit would be compounded. It is 12 months
The future value of the deposit can be determined using this formula :
FV = P (1 + r/m)^nm
FV = Future value
P = Present value
R = interest rate
N = number of years
m = number of compounding
What Octavia should do is send a quick reply explaining that she needs more time to consider the question. Say the customer is asking asking something really complicated, the receiver will might need more time to answer than an easier question.
Answer:
<u>B</u>
<h3>Explanation:</h3>
Usually a life insurance policy stipulates that when th insured dies, the beneficiaries can file a claim to receive the life insurance money called the face value.
This face value is determine by certain factors like age, total coverage, medical history, gender, lifestyle, and job of the insured.
Answer: Because of misperception by the managers.
Explanation: Every target group in case of business studies has many of its subsets and the managers of the conglomerate did not took this into consideration. They gave only the demographic information of consumers and failed to provide other relevant information necessary to support it.
<span>If ln x = ln y, then x=y. Because ln is the constant on both sides of the equation, therefore, ln cancels itself out, leaving x equaling y.</span>
