a bank promises to pay 5.5% pa compound interest on deposits of £2337 if saved for 3 years. how much will the savings be worth at the end of the period mentioned? write your answer correct to 2 decimal places.

Answers

Answer 1

Answer:

£2,744.20

Explanation:

savings amounts after 3 years can be calculated using the formula below.

A = P x ( 1 + r) ^ n

Where A is the amount after three years

P = principal amounts:  £2337

r: interest rate: 5.5% or  0.055

n is the number of periods: 3 years

A =£2337 x( 1 + 0.055)^3

A =£2337 x(1.055) ^3

A=£2337 x 1.174241

£2,744.20

Amount after 3 years will be £2744.20


Related Questions

Brainstorming is only effective when done
a.
In groups
b.
By yourself
C.
In a respectful atmosphere
d.
In a limited amount of time

Answers

Answer:

In groups

Explanation:

Brainstorming is a problem-solving technique where members of a group are encouraged to contribute ideas that could solve the problem at hand. There are right or wrong proposals. Every suggestion is discussed extensively.

Brainstorming allows for deliberations on diverse possible solutions to a problem. The idea that is acceptable by all members is considered the group's decision.

Answer:

answer is a

Explanation:

Think about your shopping habits .Make a list of all businesses to which you are a loyal customer .Now jot down some reasons that you remain loyal to that business .
Pls helpp.

Answers

Answer:

I need MILk... Answer 333

Explanation:

the term average means _______.

a. there are an equal number of employees earning above the amount provided and an equal number earning below the amount provided
b. there are an equal number of employees earning above the amount provided but not an equal number of employees earning below the amount provided
c. there are an equal number of employees not earning above the amount provided but an equal number of employees earning below the amount provided
d. The number calculated by adding all numbers together, then dividing by the total amount of numbers

Answers

D.

...................

Jimmy has poor credit, but would like to repair his credit with a credit card. For what type of card should Jimmy apply?
A. Secured
B. Unsecured

Answers

Answer:

A) Secured

Hope this helps! Plz mark as brainliest!

What is an accurate definition of a skill?

something specific a person wants to achieve in the future
a natural ability a person is born with
an ability a person has created through learning and experience
a subject a person would like to learn more about

Answers

Answer: An ability a person has created through learning and experience

Explanation: A skill is something that is developed through practice and learning. While it is true that there are people who can be born with skills, these are perfected by practice and learning. Skills are learned. A person who wants to be a chef must learn about cooking and put that knowledge into practice in order to have the ability to be a good cook.

Answer:

Its C

Explanation:

Edge 2020

Which of the following are strategies for managing people?

setting consequences

showing appreciation

setting goals

setting clear expectations

organizing your workspace

being punctual

being positive

making phone calls

Answers

Answer: Setting consequences, showing appreciation, setting goals, setting clear expectations, being positive.

Explanation:

Answer:1,2,3,4,7

Explanation:

edge 2021

Make a _____ _____ _____ before selecting the stock best suited for your project.

Answers

Answer:

Judgement

Explanation:

The stock valuation is very important before buying any stock. It is important that stock holders analyses the stocks performance before making a decision to buy or sell. The analysis can be done by the past trends and forecasting future performance.

Alicia loses her job part way through 2019. Her employer pays her wages of $15,450 up through her date of termination. After that, she received $3,400 of unemployment compensation from the state until she gets a new job for which she is paid wages of $3,000 through year end. Based on this information, Alicia’s gross income for 2019 is:_________.

Answers

Answer:

The right approach is "$21,850". A further solution is provided below.

Explanation:

The given values are:

Employer pays,

= $15,450

Unemployment compensation,

= $3,400

At the end of the year, she paid,

= $3,000

For year 2017,

Alicia Gross income will be:

= [tex]15450+3400+3000[/tex]

= [tex]21,850[/tex] ($)

Which of the following demonstrate a healthcare worker using strategies for managing people? choose all that apply

a surgeon who has a positive attitude that motivates her assistants

a doctor who explains a hospital’s goals to an employee he recently hired

an office manager who avoids pointing out an employee’s low-quality work because she does not want to hurt his feelings

a new employee who agrees to work extra hours during a busy time at a hospital

a nurse who becomes friends with another nurse

a dentist who thanks her assistant for doing good work

Answers

Answer:

1,2,6

Explanation:

You're welcome <3

What does an exchange rate tell you?
A. How many products have been exchanged between two different countries
B. The number of people in one country in comparison to another country
C. How much one unit of currency is worth when converted to another currency
D. The speed that people are buying a specific type of product

Answers

Answer:

C. How much one unit of currency is worth when converted to another currency

It tells you: C. How much one unit of currency is worth when converted to another currency.

definition of a stakeholder

Answers

1.
(in gambling) an independent party with whom each of those who make a wager deposits the money or counters wagered.
2.
a person with an interest or concern in something, especially a business.

The Clayton Act makes it illegal for competitors to get together and set prices on the products or services they sell.

a. True

b. False

Answers

True because the Clayton Act prohibits anticompetitive mergers, predatory and discriminatory pricing, and other forms of unethical corporate behavior

The main functions of human resource management can be categorized into ... A. Line function, management functions, and employee functions. B. Specialized functions and generalized functions. C. Staff functions, line functions, and coordination functions. D. Labor functions, coordinate functions, and general functions.

Answers

Answer:

C. Staff functions, line functions, and coordination functions

Explanation:

Human resource management functions may be classed into : line functions which involves the segment charged with the transition of an organization directly into its daily operational activities such as production, selling marketing and other customer service activities. The Staff functions of the human resource Management refers to advisory support on various activities of the organization which has to do with staffing, recruitment.

Coordination function involves the implementation of strategies which ensures synergy between various departments ensuring the adopting of best strategy to ensure maximum output.

why is auditor important​

Answers

Answer:

Auditors provide assurance of an organization's financial statements from an objective and independent opinion. It benifets the company by maintaining consistency, finding errors in their processing, or detecting fraud.

Auditors are important because it provides assurance to investors and creditors that company funds are handled appropriately. Auditors protect the public from investing in companies that use corrupt business practices or that attempt to defraud investors with false financial statements.

Match the terms in Column I with the descriptions in Column II


Column I

1. Religious values

2. Prudential values

3. Intellectual values

4. Accountability

5. Aesthetic values

6. Integrity

7. Economic values


Column II

A. concerned with one's religious doctrine

B. concerned with beauty and appearance concerned with one's own interests

C. concerned with reasoning

D. concerned with cost, efficiency, and control

E. people with this value behave in a manner that is consistent with ethical beliefsa

F. quality in individuals whereby each knows, understands, considers and accepts

G. the impact and consequences of personal actions and decisions

Answers

Answer:

Where is a picture of the assignment

Explanation:

Presented below are selected transactions on the books of Simonson Corporation. May 1, 2020 Bonds payable with a par value of $900,000, which are dated January 1, 2020, are sold at 106 plus accrued interest. They are coupon bonds, bear interest at 12% (payable annually at January 1), and mature January 1, 2030. (Use interest expense account for accrued interest.) Dec. 31 Adjusting entries are made to record the accrued interest on the bonds, and the amortization of the proper amount of premium. (Use straight-line amortization.) Jan. 1, 2021 Interest on the bonds is paid. April 1 Bonds with par value of $360,000 are called at 102 plus accrued interest, and redeemed. (Bond premium is to be amortized only at the end of each year.) Dec. 31 Adjusting entries are made to record the accrued interest on the bonds, and the proper amount of premium amortized.

Answers

Answer:

May 1 2020

Dr Cash 954,000

Cr Bonds Payable 900,000

Cr Premium on Bonds Payable 54,000

Dr Cash 36,000

Cr Interest Expense 36,000

December 31

Dr Interest Expense 104,275.86

Dr Premium on Bonds Payable 3,724.14

Cr Interest Payable 108,000

Jan 1, 2021

Dr Interest Payable 108,000

Cr Cash 108,000

April 1

Dr Bonds payable $360,000

Dr Premium on bonds payable $19,738

Dr Interest Expense $10,800

Cr Cash $367,200

Cr Gain on redemption of bonds $23,338

Dec. 31

Dr Interest Expense $64,800

Cr Interest Payable $64,800

Dec. 31

Dr Premium on bonds payable $3,911

Cr Interest Expense $3,911

Explanation:

Preparation of the journal entries

May 1 2020

Dr Cash 954,000

($900,000 * 106%)

Cr Bonds Payable 900,000

Cr Premium on Bonds Payable 54,000

(954,000-54,000)

(Being To record issuance of bonds)

Dr Cash 36,000

($900,000 * 12% * 4/12)

Cr Interest Expense 36,000

(Being To record accrued interest at the issuance of bonds)

December 31

Dr Interest Expense 104,275.86

(108,000-3,724.14)

Dr Premium on Bonds Payable 3,724.14

($54,000 * 8/116months)

Cr Interest Payable 108,000

($900,000 * 12%)

Note that [(10yrs*12months) – 4months] will give us 116 months which was used to amortize premium

(Being To record accrued interest and amortization of premium at year end)

Jan 1, 2021

Dr Interest Payable 108,000

Cr Cash 108,000

($900,000 * 12%)

(Being To record payment of interest)

April 1

Dr Bonds payable $360,000

Dr Premium on bonds payable $19,738

[54,000*($360,000/$900,000)*(106/116)]

Dr Interest Expense $10,800

($360,000*12%*3/12)

Cr Cash $367,200

($360,000*102%)

Cr Gain on redemption of bonds $23,338

[($360,000+$19,738+$10,800)-$367,200]

(Being to record call of Bond and Redemption)

Dec. 31

Dr Interest Expense $64,800

Cr Interest Payable $64,800

[($900,000-$360,000)*12%]

(Being to record the interest)

Dec. 31

Dr Premium on bonds payable $3,911

Cr Interest Expense $3,911

[($54,000*12/116*0.6)+(54,000*3/116*0.4)]/

=$3,352+$559

=$3,911

(Being to Amortized premium)

Answer:

Simonson is my last name

Explanation:

If I am at school in my classroom eating a red apple around 4 girls and 3 boys what color is my underwear.

Answers

Answer:

Gold with unicorns on it. B)

Explanation:

Answer:

Grey

Explanation:

Grey is a common shade of color. It is also discreet and professional.

Banks are not considered safe to store your money in True or False

Answers

Answer:

false

Explanation:

The following are examples of the functions of an office. 

a. Visions and responsibility

b. Aims and profits

c. Production and preservation of data

d. Customers and responsibility

Answers

Answer:

?

Explanation:

?

Professional etiquette suggests you should send a(n) ____ to each person who agrees to meet with you in support of your career exploration.

Answers

Answer:

handwritten thank-you note

Explanation:

Professional etiquette can be regarded as ways of being able to live comfortably when with people and making them comfortable when they are arround you. They are general

guidelines as well as behavior that are needed in professional setting. It should be noted that Professional etiquette suggests you should send a

handwritten thank-you note to each person who agrees to meet with you in support of your career exploration.

NEED HELP ASAP
(04.01 LC)

An atom is the most __________ unit of living and nonliving things. (4 points)
basic
complex
interesting
sizeable
4.
(04.01 LC)

Which is an example of a molecule? (4 points)
Muscle tissue
Protein
Stomach
Unicellular organism
5.
(04.01 LC)

A __________ is the basic unit of structure and function in living organisms. (4 points)
cell
tissue
molecule
nucleus
6.
(04.01 LC)

Which level of organization is a group of similar cells that work together to perform a certain function? (4 points)
Molecule
Organ
Organ system
Tissue

Answers

Answer:

1. Basic

2. Protein

3. Cell

4. Tissue

Step-by-step explination

1. The atom is actually the smallest and most basic unit of matter. You can say it's essential to all things. Atoms are the smallest particles of matter, but there are lots (and lots) of them. Atoms join together to form molecules

2. You can look at the picture. It explains why. Also, a unicellular organism is an example of a cell.

3. A cell is the basic unit of structure and function in all living organisms.  

4. Tissue is the next level of organization after cells. It is a group of similar cells that work together to perform a certain function. Muscle is a type of human tissue. Other examples are connective, epithelial, and nervous tissue.

1. Matthew is working in the sales and service pathway providing new transportation options to his customers. Based on this, what does Matthew need to be quite good at? Figuring out complicated puzzles construction and building work talking to people and building relationships working with his hands and creating things

Answers

Answer:

talking to people and building relationships.

Explanation:

As Mattew works in the sales and services area, it is ideal that he develops skills to know how to communicate with people effectively and build relationships.

Good customer service is essential for those who work in the sales and services area, regardless of what you sell it is necessary to develop good communication skills, which understands and satisfies the customer's needs, understanding their desires and using negotiation techniques and oratory to be able to close more sales and create a relationship with customers, which is necessary for customer loyalty and building value for the customer.

To be a good salesperson, it is essential that the individual is cordial, ethical and friendly, it is necessary to know the verbal and non-verbal communication techniques favorable to building relationships with customers.

Answer: Talking to people and building relationships

Explanation:

Maintaining a good relationship with your customer leaves your customer satisfied and happy.

You found something on the Internet about a
topic for a paper. Which of the following are
efficient ways to use the Internet? Check all of
the boxes that apply.
Check to see if this information is reliable.
Think critically about what you found to see
if it makes sense based on your prior
knowledge.
Make sure that the Internet is the best place
to be doing research of this type.
See what your social network is up to.

Answers

Answer:

its 1 2 3 thats the answer

Explanation:

1.Check to see if this information is reliable.

2.Think critically about what you found to see if it makes sense based on your prior knowledge.

3.Make sure that the Internet is the best place to be doing research of this type.

The following are efficient ways to use the Internet to find something on the Internet about a topic for a paper.

Check to see if this information is reliable.Think critically about what you found to seeif it makes sense based on your prior knowledge.

The correct options are A, B, and C.

How do you use the internet essay?

In essence, the Internet has made our lives more convenient and easy. Thanks to the internet, the entire world is now at our fingertips. We cannot help but recognize its significance when we consider how it has altered the world of today. Today, it is utilized in every aspect of life.

Sources you can trust are required for reliable information. A trustworthy source will offer a "thorough, well-reasoned theory, argument, etc. based on strong evidence," says UGA Libraries. Peer-reviewed academic books and articles are examples of sources that are widely regarded as reliable.

Thus, the ideal selection options are A, B, and C.

Learn more about The Internet here:

https://brainly.com/question/13308791

#SPJ5

Select the response that corrects the capitalization error in the sentence below. I live in Kentwood, louisiana. a. i b. kentwood c. Louisiana Please select the best answer from the choices provided A B C

Answers

answer: c hope it helps!

Answer:

a) I

Explanation:

The letter I continues to be capitalized because it is the only single letter pronoun. Because the pronouns I and me have different uses, it's easy to distinguish between the two in terms of capitalization rules.

Why is it so hard to find essentials during times of crisis?

Answers

Answer:

because they are in high demand because so many other people want them

Which of the following is an advantage of renting over
advantage of renting over buying a home?

Answers

Answer:

having to make a down payment..

An advantage of renting over buying a home and having to make a down payment. The correct option is D. Financial risks are lower when renting. You are aware of the precise monthly rent payment you will be making.

What is the most significant advantage of renting?

The three biggest advantages of staying a renter, in Ramsey's opinion, are having more flexibility if you decide to move, not having to pay for home maintenance, and not having to spend as much money initially. Additionally, your landlord will handle all necessary repairs, upkeep, and other costs. There is no additional cost.

Renting offers convenience, consistent monthly costs, and maintenance assistance. Along with the concrete advantages of tax deductions and equity, home ownership also offers intangible advantages like a feeling of security and pride in one's possession.

Thus, the ideal selection is option D.

Learn more about Renting here:

https://brainly.com/question/15057676

#SPJ2

When will the Mini Toolbar appear?

when you type text
when you press the Delete key
when you select text
when you first open a file

Answers

Answer:

It is C on edge 2021

Explanation:

Answer:

(c) when you select text

Explanation:

The tool bar appears when you select text to provideoptions depending on what you would like to do with the text.

What is the title of the Access form shown above? frmBasic tblRetailer 0001 Spice World

Answers

Answer:

The answer is "frmBasic".

Explanation:

Some of the information is incomplete within that question and therefore its solution can be described as follows:

In Access, the form is a unique address, which you can use to construct a database user interface. In this, the 'bound' may be used to access, edit, or access data from the source of data directly connected to the data source, for example, the Table or query, and by right-clicking on form or document. It navigation pane and on the menu bar on Template View. At this the Title tab on the Design tab of the Header/Footer party, that's why the above given choice is correct.

Dennis has just gotten a new job at a national credit card company's headquarters. He is working in the
human resources department. It is likely that, as far as health insurance is concerned,
his employer is paying 100 percent of the contributions
he must find his own health insurance
he is paying 100 percent of the contributions
he and his employer are both paying a portion of the contributions

Answers

Answer:

He and his employer are both paying a portion of the contributions

Explanation:

Most employees of private companies in the United States have employer-sponsored healthcare insurance. This means that the company they work for chooses the insurance plan, and pay the biggest share of the cost of the plan. However, the employee also has to contribute to the cost, allocating a percentage of his salary for this installment.

This is the type of plan Dennis would be enrolled once hired by the national credit card company.

Dividends declared is subtracted from the Statement of Retained Earnings. True or False.

Answers

Answer:

True

Explanation:

Retained earnings are profits that management opts not to distribute to shareholders. They are profits invested back in the business. The statement of retained earnings is the financial statement that records the retained earnings.

Calculation of retained earnings is by deducting dividends from the net profits. In the statement of retained earnings, net profits are added to the beginning balance of retained earnings and subtracting dividends declared.

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Ducks have flat beaks and webbled legs 52 5Combine like terms 2 is 4% of what number.(use proportions or not idc) Grimaldi Chocolates projects its factory rent to be $8,000 in July when 4,000 pounds of candy are expected to be produced. If rent is a fixed cost, and if production is expected to increase to 6,000 units in August, what is the expected cost of rent in August There are three questions:1. Which of the following statements is NOT true regarding Ambulocetus? A. It could hear well underwater. B. It lacked hind limbs. C. Its teeth resemble modern whale teeth. D. It was slow.2. How can scientists determine whether an extinct animal gave birth on land or underwater? A. Location of the hind limbs of the fetus B. Position of the nostrils C. Position of the head of the fetus D. Location of the fossils3. Fossils of Basilosaurus resemble that of modern whales because A. there are similarities in both anatomy and size. B. they both have the exact same fossil coloring. C. they lived during the same time period. D. there are similarities in where the fossils were found. What makes an argument weak? Give an example of a weak argument versus a strong argument. Was Thomas Jefferson a President and if so what number was he Who was the 4 president of the united states Please help! Only if u r positive! Classify this triangle by its sides? When Ralph observes his own filth and the filth of the other boys, what is he generally aware of? The line shown the line of best fit. The slope should and the y-intercept should 2. Which of these was not one of theopportunities (positives) ofindustrialization in Russia?A. The Trans Siberian Railway was createdB. Russia became fourth in steel productionC. Factories doublesD. Child Labor Jayla's bank account increased by 7% this year. Write an equation to represent the relationship between the amount that Jayla started with, b, and the amount she has now, c. pPLSSSS4. You need to heat 7.59 g of water from 5.2 C to 368 K. How much heat isneeded? Give answer in Joules and calories._____J_____cal EASY WORK!!Plz look at the photo. (GIVING BRAINLIEST!!!)Pls help me! It should be very easy. The Lin k Is Below. Just copy and paste it. What common error in sentence construction is evident in this example? comma splice run-on sentence sentence fragment missing conjunction 1 A baby gains 11 pounds in its first year of life. The baby gained 44 pounds during the first four months and 3 in its second four months. How much did the baby gain in the last four months? 0 3a pounds o 35pounds O 4 pounds O 5 pounds pls help its gonna be graded and im lost