If you invest $100 today in a bank account that pays a one time interest at the end of each year (you leave the interest you collect from the bank from the first year in the bank to collect interest during the second year). if you have $121 at the end of the second year what is the interest rate the bank pays each year on your account. show your work.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If you invest $100 today in a bank account that pays a one time interest at the end of each year (you leave the interest you collect from ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Entrepreneurs usually do NOT make good: A. general managers. B. marketing decisions. C. financial decisions. D. production schedules.
Answers (2)
Fiscal policy refers toa. changes in the interest rate. b. changes in the money supply. c. changes in the amount of physical capital in the economy. d. discretionary changes in government spending and taxes.
Answers (1)
Rank the following three stocks by their level of total risk, highest to lowest. Rail Haul has an average return of 12 percent and standard deviation of 25 percent.
Answers (1)
American Flooring sells all types of floor coverings to contractors and other businesses. It keeps a collection of information about all of its clients that can be easily accessed on the company's computer system.
Answers (1)
Can the government require a company to recall a product if they believe it is harmful to consumers? A. Yes. They have the power to remove it if they believe it's harmful. B. No. That decision and responsibility is left on the business itself.
Answers (1)
New Questions in Business
The ratio of girls to boys on a soccer team is 2 to 3. If there are 25 players on a team, how many are girls? Solve by writing and solving a proportion
Answers (1)
At the beginning of the year, Hallett Company estimated the following: Cutting Department Sewing Department Total Overhead $244,500 $350,000 $594,500 Direct labor hours 31,200 100,000 131,200 Machine hours 150,000 - 150,000 Assume that Hallett has
Answers (1)
Suppose that in a wave of pessimism, housing prices fall by 10% across the entire economy. a. has the stock of real assets of the economy changed?
Answers (1)
TCBW last year had an average collection period (days sales outstanding) of 36 days based on accounts receivable of $380,000. All of the firm's sales are made on credit. The firm expects sales this year to be the same as lat year.
Answers (1)
assume that you provide your services in a company as its HR representative you must now create the code of conduct manual for the company you must have different sections in the manual that refer to professionalism, ethical decision making,
Answers (1)