Tamika has $2,000 she wants to save. She has two options:
• She could save at a bank for 3 years with a fixed simple interest rate of 9%.
• She could save at a credit union for 3 years with an 8.8% fixed interest rate compounded annually.
Which answer correctly compares the total return Tamika would receive with the simple interest from the bank and the compounded interest from the credit union?

Answers

Answer 1

The total return would earn if she deposits at the banks where she would earn a simple interest is  $2540 . While the total return she would earn from the bank where she earns a compound interest is $2,575.83.

The total return of Tamika if she deposits at the bank where she would earn a simple interest can be determined using this formula:

Amount = P + [P x r x n]

Where:

P = amount deposited

r = interest rate

n = number of years

2000 + [2000 x 0.09 x 3] =

2000 + 540

= $2540

The total return of Tamika if she deposits at the bank where she would earn a compound interest can be determined using this formula:

Amount = P (1 + r)^n

$2000 x (1.088)^3 = $2,575.83

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Answer 2

Answer:

After 3 years, Tamika would receive $540 in simple interest from the bank or $575.83 in compound interest from the credit union!!!!!!


Related Questions

You are about to start a new project at work you think might be dangerous. Where might you look for health and safety information before you start? Check all of the boxes that apply.

• the OSHA website

• the manufacturer's instructions

• your health and safety office

• research will not help; you cannot protect yourself

Answers

The first 3 are correct but not the last one.

Answer:

A. the OSHA website

B. the manufacturer’s instructions

C. your health and safety office

Explanation:

this is correct

What is the difference between adjustment refusal and other refusals

Answers

Answer:

Your company most likely has clear, reasonable guidelines regarding what is a legitimate reason for adjustment, while other refusal messages may deal with a variety of issues that are less clearly defined.

Fill inTrTrue or false? It’s best to determine a few key metrics and stick to them.e or false? A benefit of organic content promotion is that it allows you to show your content to a highly specific audience. the blank: When creating a headline for your content, you should come up with ___________ different headlines.

Answers

It is True that it is best to determine a few key metrics and stick to them.

This is because when you determine a few key metrics in your business, marketing, or project plan and stick to them, it gives you a path to follow, what to improve upon and what to maintain tian when executing those plans.

It is False that the benefit of organic content promotion is that it allows you to show your content to a highly specific audience.

This is because the main purpose or benefit of organic content promotion is that it allows you to promote your content without paying for advertisement. Since it is organic content, the targeted audience can see it through the embedded keywords rather than the paid advert.

Also, when creating a headline for your content, you should come up with 5 to 10 different headlines. By having between 5 to 10 different headlines, you can assess which one will give the expected results using the right keywords.

Hence, in this case, it is concluded that marketing strategies require plans and the right methods to make them work.

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After discussing the options, the strategic management team has agreed that the pod coffee idea works well with the company’s mission statement and decides that the company should move forward in exploring the pod coffee idea. In order to make sure that the pod coffee idea is a good one, and to see if there are other potential future endeavors to pursue, you must analyze the market situation and formulate a strategy. Your boss asks you to start working on the pod coffee idea. What is your first step? Select an option from the choices below and click Submit.

Answers

Considering the situation above, the first step to analyze the market situation and formulate a strategy is to "assess the organization's strengths, weaknesses, opportunities, and threats."

This is because, by carrying out a SWOT analysis (strength, weakness, opportunities, and threats), one would be able to identify the current position of the firm and the extent to which they can expand.

This analysis would give the firm a clear picture of the potential future endeavors to pursue and maximize their strengths and opportunities.

Also, they would know where they need to work on or avoid relative to their weakness and threats.

Hence, in this case, it is concluded that the SWOT Analysis is one of the significant tools in business operation.

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Place the steps of the job application process in order.
Hiring company post job description to a job opening
Hiring company conducts interviews
Interested applicants submit resume and cover letter
Hiring company calls references for the job applicant (s) they like the most
Hiring company offers there selected applicant the job
Interested applicants complete the job application provided by the company.

PUT THEM IN ORDER PLS I NEED HELP UNDERSTANDING THIS FOR ENTREPRENEURSHIP

Answers

Answer:

1. Hiring company post job description to a job opening

2. Interested applicants complete job application provided by the company

3. Interested applicants submit resume and cover letter

4. Hiring company conducts interviews

5. Hiring company calls references for the job applicant(s) they like the most

6. Hiring company offers there selected applicant the job

what can be the role of media to provide trustworthly information to ordinary people who want to apply for foreign employment?​

Answers

The role of  the media in providing trustworthy information to ordinary people who want to apply for foreign employment will include:

Making researches to determine if the opportunity is genuine before dissemination of information They can also assist to ensure the people interested go with the right documents and things.

Making researches to determine if the opportunity is genuine before dissemination of information ensures that the individuals are free from trouble as offences could be punishable the law.

They can also assist to ensure the people interested go with the right documents and things to also ensure that they are deported with nothing which may lead to depression.

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John is on a tight budget. He has a credit card with a very high interest rate. Most months he struggles to make the minimum payment on the card. He is eligible for an upgrade on his smartphone and it will only cost him $400. He doesn’t have the cash but could put it on his credit card. Why might this purchase be a risk

Answers

Answer:

because he will be in debt with the credit card again most likely not being able to pay that debt so interest will add on and put Jim further in debt. which is never good

excel provides _____ in categories such as financial management and budgets.

Answers

Excel provides Expenses in categories such as financial management and budgets.

Excel is a Microsoft Office application designed to carry out variation functions, including financial analysis.

Microsoft Excel can be used in many ways. When it comes to finances, it can be used for budgeting or costing before a product or project is made, where each expense is categorized under a different heading.

Microsoft Excel can also carry out a valuation of expenses made, with each expense listed under different categories.

Hence, in this case, it is concluded that Microsoft Excel is a vital tool in financial management.

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which of the following is a benefit of credit?
a. allows you to get what you want sooner
b. it damages your credit
c. puts your bank account in surplus
d. you get money back on interest ​

Answers

Answer:

A

Explanation:

7. A personal filing system should

hold just a few of your important documents

consist of half of one room in your house

be simple and developed to meet your needs

be stacks of papers sorted into categories

Answers

Answer:

I would say the third option:be simple and developed to meet your needs

Explanation:

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Applicants having a background similar to the current workforce is a primary
disadvantage of which recruitment method?

Answers

The main disadvantage of the internal recruitment method is the selection of candidates with experience similar to that of the current workforce, because the use of promotion and transfer, for example, does not allow the entry of new people into the organization.

In this method of internal recruitment made by promoting and transferring employees to other positions, it can be faster to be performed, but it can have disadvantages such as:

Absence of employees with different experiences.Reduced innovation.Increased internal conflicts due to competition.Limited choice.

Therefore, it is necessary that the recruitment method used is aligned with the company's strategic planning, so that human capital helps in achieving the objectives and goals.

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A contractual agreement between two companies in which one company gives the other company, in exchange for a lump sum and royalties, the right to operate a retail outlet using a name and format developed by the first company is referred to as ______. Multiple choice question. multi-level marketing licensing franchising retailing

Answers

The contractual agreement described above which is a way of expanding a business venture, is referred to as franchising.

Franchising involves:

A company allowing another company to use its name and brand The company gaining the license paying the original company royalties for the duration of the contract

In this scenario, a company is paying another company a lump sum and royalties and in exchange, they get to use the name and format of the original company.

This is synonymous with a franchise so we can conclude that this is franchising.

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When Blu-Ray disc players were new, they could cost around $1,000 and there were a limited number of discs available that would play on them. Stef and Garth waited, concerned with limited availability of discs and wishing for more choices in the market. By the time they purchased a Blu-Ray disc player, sales had leveled off and prices had declined significantly. Stef and Garth were part of the ________ diffusion of innovation group.

Answers

In being concerned about the Blu-Ray players and only adopting them late, Stef and Garth can be classified as part of the Late Majority diffusion of innovation group.

The Diffusion of Innovation Theory posits that there are different stages to adopting new technology such as:

Innovators - these are the first to get a product. They show little skepticism and are willing to try new things. Early Adopters - these are the second to get a product and are typically young and adventurous Early Majority - these are the third to get a product and do so when the product is in fashion Late Majority - these ones get the product when it is out of fashion and is cheaper because they were quite skeptical about it.

Stef and Garth are therefore part of the late majority because they only got the disc players after they were out of fashion because they had initial skepticism.

In conclusion, Stef and Garth are part of the late majority.

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A computer company purchases 25,000 computers this year and has sold 22,000 to it's customers. According to government statisticians, all 25,000 computers have been purchased. How do the statisticians reach this conclusion?
~Economics

Answers

According to government statisticians, all 25,000 computers have been purchased because the computer company purchased them originally.

In the calculation of Gross Domestic Product(GDP), double counting is avoided by:

Using only the final value of goods and services Recording only one purchase of final goods and services

When the computer company first bought the computers from the supplier, this counts as a purchase of those computers because the company did indeed purchase the computers.

In conclusion, government statisticians will consider all the computers to have been purchased to avoid double counting because the computer company had bought the computers originally.

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what happens to consumer and business spending when the interest rates go up?

Answers

Answer:

When interest rates are rising, both businesses and consumers will cut back on spending. This will cause earnings to fall and stock prices to drop.

1. Identify the factors that impact the social responsibility policies implemented by businesses.

2. Which factor could most affect the development of a CSR plan for Sun and Moon Imports?

3. Sun and Moon Imports is on a tight budget, and there is a risk of losing money by investing in CSR practices such as raising the wages of the workers in their Chinese factory and using more renewable energy. Brainstorm some ways that Sun and Moon Imports could offset those costs.

Answers

Answer:

Number one is the answer

Explanation:

please help.

explain the difference between internal an external influence and give an example each.​

Answers

Answer:

External influences comes from people, places, things, or ideas of/from the outside world (outside of self). Examples? Literature, conversation, duress, coercion. Internal influence is that which comes from within yourself. Examples? Ideas through conscious and subconscious activity, goals, wants, desires and needs. Notice, the lack of 2 mentioned in the exterior.. those make the big difference. Thanks for such a great question.External Influences of Motivation. The Incentive Theory suggests that people are pulled toward behaviors by rewards (incentives). Extrinsic (external) motivation is any influence comes from an outside source. An intrinsic (internal) motivation is any motivation comes from within and provides a sense of satisfaction.

The path of selling goods or services directly from a manufacturer to end users with-
out using intermediaries is the
A. supply chain
B. direct channel
C. indirect channel
D. pipeline

Answers

Answer: C.indirect

Explanation: hope this helps

what is Advertising , according to the American Marketing Association​

Answers

American Marketing Association recognizes the term advertising as – any paid form of non- personal presentation and promotion of ideas, goods and services by an identified sponsor. ... Advertising is a non-personal form of communication because it uses mass media forms.

if selling and administrative expenses are allocated to different products, they should be reported as a

Answers

Answer:

Period Cost

if selling and administrative expenses are allocated to different products, they should be reported as a PERIOD COST.

If selling and administrative expenses are allocated to different products, they should be reported as a  period cost. Thus the correct option is D.

What is a Product?

A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.

The continuing cost of maintaining a system, business, or product is known as an operating expense. The costs of running a business referred to this. 

These selling and administrative expenses comprise salaries for managerial and administrative positions, as well as rent and utilities, advertising and promotion as well as sales

Any expenses a business has that are incidental to the manufacturing process are referred to as period costs. This indicates that they have no connection to a company's inventory costs or the price of a single product.

Therefore, option D is appropriate.

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The complete question is Probably

If selling and administrative expenses are allocated to different products, they should be reported as a

a. factory overhead cost

b. cost of goods manufactured

c. cost of goods sold

d. period cost

suppose a producer decides that if the price of her product is $42, the quantity supplied will be 1,000 units, and if the price is $45, the quantity supplied will be 1,300. the price elasticity of supply for the good is approximately

Answers

The price elasticity of supply for the good is 0.238.

The price elasticity of supply measures how the quantity supplied responds to changes in the price of a good.

Price elasticity of supply = percentage change in the quantity supplied / percentage change in the price of the good.

Types of price elasticity of supply

Elastic supply: the coefficient of elasticity is greater than one Inelastic supply: the coefficient of elasticity is less than oneUnit elastic supply: the coefficient of elasticity is equal to one  

Percentage change in the quantity supplied = (45 / $42) - 1 = 0.0714 = 7.14%

percentage change in the price of the good = (1300 / 1000) - 1 = 0.3 = 30%

Price elasticity of supply = 7.14 / 30 = 0.238

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Segment of fashion industry that includes selling merchandise directly to consumers

Answers

Answer:

Elaborate Please.

Explanation:

Select the correct text in the passage.
What sentences in the following passage indicate increased expenses for developing the advertisement?
An exercise equipment company decided to create demand for its latest plece of equipment through a TV commercial. For this purpose, it hired
an ad agency reputed for its creative skills. This agency pitched five different concepts to its client. After an extensive internal discussion, the
client gave approval for one of the ideas. The next step was to write script for the ad. Using in-house cloud-based scripting software, the agency
wrote scripts in real time. This made it easier for company to communicate effectively with the ad makers. The company also approved the
tagline and storyboard for its product. The agency hired professional actors for enacting the scene.

Answers

paragraph 2 I hope sorry if it's wrong

Answer:

For this purpose, it hired an ad agency reputed for its creative skills

and  The agency hired professional actors for enacting the scene

Explanation:

both requires money. to hire someone you need money which shows a increase of expenses

XYZ Company is new to marketing research and wants to gain business quickly. They put in what seems to be an unrealistic bid on a research study, figuring that if they get the business they will find ways to add additional fees. Since the quality of their work will be excellent, they believe this will be a good way to make a name for themselves in the marketing research world. This is most nearly an example of _____.
competitive marketing
low-ball pricing
ethical analysis
false promises

thank you for your cooperative

Answers

Answer:

false promises

Explanation:

the keyword was unrealistic,because their trying to add additional fees.

how many times was the debt ceiling raised from 2016 to 2020?

Answers

Answer:

2.

Explanation:

On March 15, 2017, it was raised by $1.7B. On September 30, 2017, the debt ceiling was suspended. On March 1, 2019, it was $22.03T and raised by $2.18B. On August 2, 2019, it was again, suspended.

which stage of the business cycle is an economy in when it reaches its low point?

Answers

Answer:trough

Explanation:D

what are two key characteristics of the introduction stage of the product life cycle?

Answers

The two key characteristics of the introduction stage of the product life cycle include "the high costs resulting from the initial cost of marketing, advertising, distribution, etc."

The other key characteristics of the introduction stage of the product life cycle are "the sale quantities are usually low, which then increases gradually."

Other characteristics of the introduction stage of the product life cycle include the following:

Little competitionDemands need to be established through the advert.Customers must be persuaded to buy the product.The introduction stage of a new product is the beginning stage in a product life cycle.

Hence, in this case, it is concluded that the introduction stage of a product life cycle is significant.

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If one of your friends asks you about take home pay, what is he referring to?

gross income
net income
income tax
other income

Answers

Answer:

net income

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9. How does online banking decrease the amount of paperwork you need to file?

instead of mailing statements they are online for you to access

it organizes your finances for you

it doesn't

none of the above

Answers

Answer:

The second option:it organizes your finances for you

Explanation:

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According to the video, what are some qualities Clergy need? Check all that apply. knowledge of office technology able to speak multiple languages able to inspire confidence sensitive to the needs of others awareness of medical treatments

Answers

Answer:

It's C and D

Explanation:

It's correct on Edge! :3

Answer:

C and D are correct

Explanation:

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