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taurus [48]
2 years ago
5

Dayna deposited $2700 into a savings account that pays a simple annual interest rate of 1.6%. how much interest will she earn af

ter 6 months?
Business
1 answer:
d1i1m1o1n [39]2 years ago
6 0
For this you're going to use the I=PRT formula!  so i=interest, p=principal, r=rate, and t=time (in years). so basically here we are going to plug in the equation, I=(2700)*(0.016)*(0.5) and we get 21.60!  I=PRT is a simple interest formula, which is used for the simple plug and chug equations like this.  Just remember to convert months to years and move over your decimals!
You might be interested in
At an annual effective interest rate of 6.3%, an annuity immediate with 4N level annual payments of 1,000 has a present value of
Kaylis [27]

Answer:

the % of the present value that corresponds to the first 9 payments (N) =  47.57% of the annuity's present value.

the % of the present value that corresponds to the first 27 payments (3N) =  90.86% of the annuity's present value.

Explanation:

we must use the present value of an annuity formula:

PV = annual payment x annuity factor

14,113 = 1,000 x annuity factor

annuity factor = 14,113 / 1,000 = 14.133

we know that the interest rate is 6.3%, now using an annuity calculator we can determine that the total number of periods is 36. The exact factor is 14.11322, but we can round to 14.113

the first set would represent 36/4 = 9 years

the % of the present value that corresponds to the first 9 payments (N) = PV = 1,000 x 6.71376 (PV annuity factor, 6.3%, 9 periods) = 6,713.76. This corresponds to 6,713.76 / 14,113 = 47.57% of the annuity's present value.

the % of the present value that corresponds to the first 27 payments (3N)  = PV = 1,000 x 12.82329 (PV annuity factor, 6.3%, 27 periods) = 12,823.29. This corresponds to 12,823.29 / 14,113 = 90.86% of the annuity's present value.

7 0
2 years ago
Calvert Corporation expects an EBIT of $25,300 every year forever. The company currently has no debt, and its cost of equity is
Nataly [62]

Answer:

Value of the company = $124,019.61

Explanation:

<em>The value of then firm is the present value of its expected future cash inflow discounted at its required rate of return. </em>

<em>In this case, the earnings available to ordinary shareholders becomes the annual cash inflow while the appropriate discount rate is the cost of equity</em>.

The absence of debt in the company's capital structure implies that the cost of equity would be the appropriate discount rate.

And the  value of the company would be determined as follows

Value of the company = Earnings after tax/Cost of equity

Earnings after tax = EBIT × (1-Tax rate)= 25,300×(1-0.25)=18,975

Cost of equity = 15.3%

Value of the company = 18975 /0.153= 124,019.6078

Value of the company = $124,019.61

4 0
2 years ago
A U.S. manufacturing company operating a subsidiary in an LDC (less-developed country) shows the following results: U.S. LDC Sal
Dmitrij [34]

Answer:

Part A:

Labur Productivity:

For US=5.14,         LDC=1.35

Capital Productivity:

For US=1.72          LDC=4.31

Part B:(Multi factor productivity)

For US=1.29         LDC=1.03

Part C: (Raw material productivity)

For US=4.90        LDC=10.02

Explanation:

Part A:

Labur Productivity:

For US:

Partial Labor Productivity=\frac{Sale(units)}{Labour(hours} \\Partial Labor Productivity=\frac{100505}{19550} \\Partial Labor Productivity=5.14

For LDC:

Partial Labor Productivity=\frac{Sale(units)}{Labour(hours} \\Partial Labor Productivity=\frac{19600}{14550} \\Partial Labor Productivity=1.35

Capital Productivity:

For US:

Capital Productivity=\frac{Sale(units)}{Capital Equipment} \\Capital Productivity=\frac{100505}{58600}\\Capital Productivity=1.72

For LDC:

Capital Productivity=\frac{Sale(units)}{Capital Equipment} \\Capital Productivity=\frac{19600}{4550}\\Capital Productivity=4.31

Part B:

For US:

Multifactor Productivity=\frac{Sales(units)}{labour(Hours) + Capital Equipment(hours)}\\ Multifactor Productivity=\frac{100505}{19550+58600} \\Multifactor Productivity=1.29

For LDC:

Multifactor Productivity=\frac{Sales(units)}{labour(Hours) + Capital Equipment(hours)}\\ Multifactor Productivity=\frac{19600}{14550+4550} \\Multifactor Productivity=1.03

Part C:

For US:

Raw material productivity=\frac{Sales(Hour)}{Raw Material} \\ Raw material productivity=\frac{100505}{20500} \\ Raw material productivity=4.90

ForLDC:

Converting Raw material FC into $ (1$=10FC)

Raw Material =19550/10=$1955

Raw material productivity=\frac{Sales(Hour)}{Raw Material} \\ Raw material productivity=\frac{19600}{1955} \\ Raw material productivity=10.02

3 0
2 years ago
For her homework, Annie has added the picture of a fruit in a document. She wants to enhance it to give a cut-out look. Which fe
Alona [7]

Answer:

Obvious answer could be clip art since it’s a small part of something bigger. It could also be shapes but if she wants it to actually look like fruit then she’d use clip art. (Four years of digital design)

Explanation:

3 0
2 years ago
Roselawn Company reported net sales of $90,000 and net income of $18,000 for the previous year ended December 31. The company re
gregori [183]

Answer:

The company’s profit margin for the current year ended December 31 (rounded to the nearest decimal point) is 20%

Explanation:

Use the following formula to calculate the Profit Margin

Profit Margin = \frac{Net Income}{Net Sales} X 100

Where

Net Income = $20,000

Net Sales = $100,000

Placing values in the formula

Profit Margin = \frac{20000}{100000} X 100

Profit Margin = 0.2 x 100

Profit Margin = 20%

5 0
2 years ago
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