Annually compounded interest on savings deposit

Assignment Help Business Economics
Reference no: EM13854177

The BB&T Bank offers to pay 2% per year, annually compounded interest on savings deposit. The Wells Fargo Bank pays 2% per year, quarterly compounded interest. A man who has $10000 to put in a savings account will leave all money in the account for 2 years. Calculate the amount he would have at the end of 2 years from each bank.

Reference no: EM13854177

Questions Cloud

Utilize a national sales tax or value added tax : Did you know that many large countries utilize a national sales tax, or value added tax, to raise revenues? What if, -in an effort to FIX THE ECONOMY, the U.S. decided to do this? What other countries are doing this and to what degree of success?
Briefly describe the nash equilibrium concept : Mars and Hershey's dominate the domestic chocolate candy bar business. In this mature market; advertising by individual firms does little to convince more people to eat candy. Effective advertising simply steals sales from rivals. Briefly describe th..
Explain why industry expansion in response to rising prices : Explain why industry expansion in response to rising prices will put even more upward pressure on price in the cattle price cycle. What happens to finally cause the turnaround at the peak of the cattle price cycle?
What is the purpose of entering a formal agreement : 1.What is the purpose of entering a formal agreement for the development of an oil field ? 2.What are the objectives of the main parties when entering into such an agreement ?
Annually compounded interest on savings deposit : The BB&T Bank offers to pay 2% per year, annually compounded interest on savings deposit. The Wells Fargo Bank pays 2% per year, quarterly compounded interest. A man who has $10000 to put in a savings account will leave all money in the account for 2..
Shops average cost without taking the new order : Consider a copy shop with annualized fixed costs of $1000 and variable cost of $0.03 per page. The shop presently has orders for 100,000 copies at a price of $0.05 per page. What is the shop’s average cost (AC) without taking the new order? Is it les..
Discuss the general agreement on tariffs and trade : Discuss the General Agreement on Tariffs and Trade Give an example of a legal case(s) that analyze or whose decision discusses these laws/principles.
Claire and mario are the three directors : QUESTION: Julian, Claire and Mario are the three directors of a company called JCM Pty Ltd. The company runs an internet cafe in the city. The company has been renting a building in the city since 2012. The company has created its own constitution. T..
How efficiency affects equilibrium market shares : Two firms compete in quantities, selling identical goods, facing the demand function P(Q) = 130−q1− q2 where qi is the output level of firm i. Assume that firm 1 is more efficient than firm 2, MC1(q) = 10 and MC2(q) = 20. Find the NE quantities of th..

Reviews

Write a Review

 

Business Economics Questions & Answers

  Rates of unemployment and business bankruptcies

The high rates of unemployment and business bankruptcies during the Great Depression of the 1930s caused a dramatic increase in government intervention in the economy of the United States. What was the original intent of this government intervention?..

  Which of these projects should the firm undertake

Project B will yield $1.25 million three years from now, and Project C will yield $600,000 for two years, beginning two years from now. If the interest rate is 8 percent, which of these projects should the firm undertake?

  Illustrate what is average variable cost

a profit - maximizing industry in a competitive market is currently producing 100 units of output. Illustrate what is average variable cost.

  Calculate the trade balance among the us

Calculate the trade balance among the U.S. also China for the period. Analysis by using appropriate examples.

  Determine algebraically the equilibrium price and quantity

Determine algebraically the equilibrium price and quantity? Suppose that the price to be fixed at $110. Determine algebraically the surplus or shortage that would result? Discuss the differences in elasticity of supply and elasticity of demand?

  Illustrate what would be the size of resulting deadweight

Illustrate what would be the size of the resulting deadweight loss relative to the competitive outcome.

  Explain why do national income accountants

Explain why do national income accountants compare the marker value of the total outputs in various years rather than actual physical volumes of production.

  What is being held constant when the supply curve

What is being held constant when the supply curve is constructed for a specific good like pizza or automobiles? Explain why the supply curve for a good slopes upward to the right

  Firm is in a competitive industry

Can you tell whether this firm is in a competitive industry. If so, can you tell whether the industry is in a long-run equilibrium.

  What is its growth rate

Suppose a firm has an expected ROE of 10%. The firm reinvests 75% of its earnings. What is its growth rate? Assume this firm pays a current dividend of $4.25. You expected to sell the stock at the end of 3 years for $85.

  Small number of industries have a greater probability

Cartels with a small number of industries have a greater probability of reaching the monopoly outcome than do cartels with a larger number of industries.

  Compute the inventory at april 30 on each of the following

Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. Carry unit costs to the nearest cent.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd