Business

Guest

5 December, 01:47

The nominal interest rate in an economy is 5 percent, and there is also a 15 percent probability of having cash lost or stolen in the economy. Given this information, what is the cost of going to the ATM for an individual who spends $10 daily and has a total of holding cash = (365/T) + T. Assume that the individual visits the ATM once in every T days.

A. $3

B. $2

C. $4

D. $1

+2

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “The nominal interest rate in an economy is 5 percent, and there is also a 15 percent probability of having cash lost or stolen in the ...” 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

What is a purpose of having a conceptual framework? A. To enable the profession to more quickly solve emerging practical problems and to provide a foundation from which to build more useful standards. B.

1. Unlimited liability is faced by the owners of: A. corporations. B. partnerships and corporations. C. sole proprietorships and general partnerships. D. all forms of business organization.

4. Staff-level briefings are conducted by the supervisor to introduce co-workers, clarify tasks, define the scope of work, describe sources of work supplies, and present the work schedule.

Xsis Inc. is an information technology (IT) and services company. It used to outsource its technical support calls to a company located in a Southeast Asian country. Xsis Inc.

The employees of Carlofen, a cell phone manufacturer, raised a concern to their management about their poor pay and excess workload. However, the management failed to address their issue, so a majority of them resigned at once.

New Questions in Business

In year 1 the CPI is 140, and in year 2 the CPI is 154. From year 1 to year 2, Maria's salary rises from $43,000 to $48,000, and Daisy's salary rises from $65,000 to $70,000. Who is "more than keeping up with inflation"?

Under a perpetual inventory system: a) purchases on account are debited to Purchases. b) purchase returns are debited to Purchase Returns and Allowances. c) freight costs are debited to Freight-Out. d) purchases on account are debited to Inventory.

Prepare various types of budgets

On October 1, 20X3, Green Corporation paid $450,000 for all of Yellow Company's outstanding common stock.

What is the lowest level of the permanent party organization in texas?