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2 years ago

Certificate of deposit typical interest rate

2 answers:

7 0

Certificate of deposit typical interest rates are usually higher than savings account interest rates. CD's (certificate of deposits) are bound to terms regarding the length someone has to keep their funds in the CD. Unlike a savings account where a person can withdraw their money at just about anytime, a CD has a set time when someone can withdraw money without penalty.

inn [45]2 years ago

3 0

This question is too broad because there are many factors that determine the interest rate of a CD, such as the amount you are investing, the length of time, and the banking institution.

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Russnak Corporation is investigating automating a process by purchasing a new machine for $505,000 that would have a 10 year use

Svetradugi [14.3K]

Answer:

20.1%

Explanation:

The computation of the simple rate of return is shown below;

= (operating cost - depreciation) ÷ (purchase of new machine - scrap value)

= ($145,500 - $50,500) ÷ ($505,000 - $35,000)

= ($94,500) ÷ ($470,000)

= 20.1%

hence, the simple rate of return is 20.1%

The same would be considered and relevant

6 0

1 year ago

7. Total Cost for Savings Piggy bank with cash Dean is planning to purchase a new Nissan Altima which costs $26,865. He has save

son4ous [18]

Answer:

The monthly deposit is calculated using PMT function :

rate = 1.2%/2 (converting annual rate into monthly rate)

nper = 12 * 5 (5 years of deposits with 12 monthly deposits each year)

pv = -3200 (Amount put into account now. This is entered with a negative sign because it is a cash outflow)

fv = 26865 (Required value of account after 5 years)

PMT is calculated to be $379.70.

The monthly deposit is $379.70.

7 0

1 year ago

Vest Industries manufactures 40,000 components per year. The manufacturing cost of the components was determined as follows: Dir

torisob [31]

Answer:

If the company buys the component, income will decrease by $225,000.

Explanation:

Giving the following information:

Units= 40,000

The manufacturing cost:

Direct materials $ 75,000

Direct labor 120,000

Variable overhead 45,000

An outside supplier has offered to sell the component for $12.75.

Vest Industries can rent its unused manufacturing facilities for $45,000.

We will take into account only the differential costs.

<u>Make in -house:</u>

Total cost= 75,000 + 120,000 + 45,000= $240,000

Total cost= 40,000*12.75 - 45,000= $465,000

If the company buys the component, income will decrease by $225,000.

6 0

2 years ago

Rosalyn is a single mother with two children ages 3 and 5, and she lives paycheck to paycheck. She is trying to save money for a

marta [7]

Answer:

This question is business question so I will answer it from business perspective. The least that I can do is offer her a one year package with an advance of $50. The monthly installment along with the interest that she will pay would be:

Monthly Installment including interest = (Amount Due/12months) + (Outstanding Amount * Interest Rate) ....Eq1

So I assume the interest rate is 5% and as we know the outstanding amount is $150.

By putting the values, we have:

Monthly Installment including interest = ($150/12months) + ($150 * 5%)

= $12.5 + $7.5 = $21 per month

Now the outstanding amount for the second month = $150 - $12.5 = $137.5

Now we will use this new outstanding amount to calculate the monthly installments including the interest by putting the values in the equation 1. Similarly for the next coming months the installments would be calculated.

7 0

1 year ago

Which of the following people is considered to be in the labor force? Select all that apply: Gina is a stay-at-home mom and volu

Fudgin [204]

Answer:3

Explanation:

niot sure

4 0

2 years ago