answer.
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
katrin2010 [14]
2 years ago
6

Anastasia was trying to decide which investment plan would be best over 10 years. Bank A was offering 8.5% simple interest on he

r money using the formula . Bank B was offering 8% compounded annually using the formula . Which bank is a better investment if she has $2,000 to invest for 10 years?
Business
1 answer:
White raven [17]2 years ago
4 0

Answer:

Bank B is the better investment

Explanation:

Investment = P =  $2,000

Number of years = n = 10

If the She invest in Bank A

r = 8.5% simple interest

Accumulated value after 10 years = A =P + (P x r x n) =  $2,000 + ( $2,000 x 8.5% x 10 ) = $2,000 + $1,700 = $3,700

If the She invest in Bank B

r = 8% Compounded yearly

Accumulated value after 10 years = A = P x (1 + r )^n =  $2,000 x ( 1 + 8% )^10 = $2,000 x ( 1 + 0.08 )^10 = $2,000 x ( 1.08 )^10 = $2,000 x 2.1589 = $4,317.8

= $4,318

Hence Bank B is the better investment because it make more money than in Bank A after 10 years.

You might be interested in
I am usually satisfied with work that is "good enough." true or false?
Brilliant_brown [7]
True because i think so
5 0
1 year ago
Read 2 more answers
Below is a set of projects aimed at cleaning up a city's recreational areas.
Andru [333]

Answer:

North Park $13,000 $16,000 N

Upper River Beach 6,000 8,000  Y

South Shore 29,000 30,000  Y

Green Creek 900 1,300 N

Explanation:

The cleanup will happen in the area where the marginal benefit is more than the marginal cost. the North park will not be cleaned up. River beach will be cleaned Up. South shore will be cleaned up. Green creak will not be cleaned up.

3 0
2 years ago
The efforts of employees who work directly to convert direct materials into the finished product are referred to as ______
Alex_Xolod [135]

Answer:

Direct labor

Explanation:

The role of direct labor is to convert direct material into the finished products. Without the help of direct labor, it is impossible to convert the direct material into the finished goods.

Here, the direct material means the labor which works on manufacturing a product which is directly related to the production level. The allocation of direct labor is done based on the number of hours worked or product.

Hence, The efforts of employees who work directly to convert direct materials into the finished product are referred to as direct labor

7 0
2 years ago
3. The impossible trinity Suppose the government of Iraq is deciding what kind of monetary policy and exchange rate regime to ch
vovangra [49]

Answer:

Correct Answer is (B)

Explanation:

We look at the objectives the government has in mind to achieve;

- stability in international trade

- stability in investment

Which of the listed policies will achieve these goals?

- the tool here used to control international trade is foreign exchange trading

- the tool used to control investment is interest rate

To achieve stability in these 2 indicators, both tools should be controlled. Thus the monetary policy & exchange rate regime to choose here is:

Controlling the interest rate in the country and imposing restrictions on foreign exchange trading.

Option (C) won't suffice because an independent monetary policy is necessary.

5 0
2 years ago
What are the criteria Jason should use in evaluating investment alternatives? 2.What questions does this case raise that you nee
ANTONII [103]
No one is gonna anwser this gl
7 0
1 year ago
Other questions:
  • What is the financial advantage (disadvantage) per quarter of discontinuing the racing bikes?
    11·1 answer
  • Conduct an Internet search to locate two public companies within the same industry. Make sure that you can access the entire set
    14·1 answer
  • A bank manager wants to learn more about the relationship between the time a customer has to wait to be served and the overall s
    11·1 answer
  • On February 20, services valued at $60,000 relating to the organization of a corporation were performed in exchange for 1,000 sh
    9·1 answer
  • MNO Corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. The company base
    5·1 answer
  • Exercise 5-17 (Algorithmic) (LO. 4, 8) Rover Corporation would like to transfer excess cash to its sole shareholder, Aleshia, wh
    8·1 answer
  • McLeod, Inc. incurred fixed costs of $300,000 and variable costs of $200,000 for total costs of $500,000 when 59,000 units are p
    9·1 answer
  • Spencer Chemical Corporation produces an oil-based chemical product which it sells to paint manufacturers. In 2019, the company
    11·1 answer
  • Human service organizations can adopt this concept of a _________________who zealously works to spread a successful project thro
    13·1 answer
  • Tano Company issues bonds with a par value of $82,000 on January 1, 2020. The bonds' annual contract rate is 7%, and interest is
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!