Suppose that a woman deposits $10,000 into an investment fund that guarantees to pay 3.0% interest every 6 months. that is, interest is compounded semiannually (i. e., once every 6 months) at a rate of 3.0% each semiannual period. a) what is the nominal annual interest rate? b) what is the effective annual interest rate? c) assuming that no additional deposits or withdrawals are made, use the appropriate compound interest factors to determine how much the fund will be worth: i) after 1 year; ii) after 5 years. d) verify that your answers in parts (b) and (c) are correct by constructing a spreadsheet that shows how the initial deposit will grow over 5 years. at a minimum, your spreadsheet should include a row for each interest period over a 5-year planning horizon and show: the value of in the investment fund at the start of each interest period the amount of interest earned each interest period; and the value of the fund at the end of each interest period
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Business, 22.06.2019 12:40
Which of the following tasks would be a line cook's main responsibility? oa. frying french fries ob. chopping onions oc. taking inventory of stocked dry goods od. paying invoices
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Business, 22.06.2019 12:50
Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?
Answers: 2
Business, 22.06.2019 20:00
Ajax corp's sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. what was the firm's times-interest-earned (tie) ratio? a. 4.72b. 4.97c. 5.23d. 5.51e. 5.80
Answers: 1
Business, 22.06.2019 20:20
This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.
Answers: 2
Suppose that a woman deposits $10,000 into an investment fund that guarantees to pay 3.0% interest e...
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