subject
Business, 20.06.2020 18:57 joseylynn2728

A local bank is running the following advertisement in the newspaper: "For just $ 3 comma 000 we will pay you $ 240 forever!" The fine print in the ad says that for a $ 3 comma 000 deposit, the bank will pay $ 240 every year in perpetuity, starting one year after the deposit is made. What interest rate is the bank advertising (what is the rate of return of this investment)?

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 21:00, coolkitty35
According to maslow's hierarchy of needs theory, which of the following would be an issue that requires the fulfillment of a lower order need? a)the need for a challenging project at work. b)the need for a promotion at work. c) the need to locate your business in an area with a low crime rate. d)the need for a mentor to you ascend within the company. none of the above
Answers: 3
image
Business, 22.06.2019 01:30, bigsmokedagangsta
Iam trying to get more members on my blog. how do i do that?
Answers: 2
image
Business, 22.06.2019 07:40, perlacruz0505
Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z
Answers: 3
image
Business, 22.06.2019 08:00, Shyshy876
3. describe the purpose of the sec. (1-4 sentences. 2.0 points)
Answers: 3
You know the right answer?
A local bank is running the following advertisement in the newspaper: "For just $ 3 comma 000 we wil...

Questions in other subjects:

Konu
Mathematics, 04.10.2020 14:01