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notsponge
2 months ago
9

Mary lavor plans to save money at her bank for use in december. she will deposit $30 a month, beginning on march 1 and continuin

g through november 1. she will withdraw all the money on december 1. if the bank pays ½% interest each month, how much money will she receive on december 1?
Business
2 answers:
soldi70 [3.6K]2 months ago
7 0
9×30 because from March to November spans 9 months, giving us 270 + 1/2 =
marusya05 [3.7K]2 months ago
6 0
Mary Lavor is planning to save money at her bank with the aim of using it in December. She will deposit $30 each month starting from March 1 until November 1, and will withdraw the total on December 1. If the bank offers ½% interest monthly, what will be the total amount on December 1? The total will be $360.
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A _____ is a set of functions or activities within an organization that work together for the aim of the organization.
Nady [3600]
The solution to your inquiry is System.
4 0
1 month ago
The Bella Capri runs as an Italian restaurant that specializes in freshly prepared cooked meals. It is located in premises on a
Scilla [3833]

Answer:

The result is $1000.

Explanation:

Fixed costs are defined as expenses that remain unchanged regardless of the services provided or goods produced.

Following this definition, we can determine that the price of $16 per meal and the $4 ingredient costs are not considered fixed costs. Other expenses like lighting, heating, and fuel fluctuate according to utilization and therefore are variable.

However, the other costs mentioned in the query can be classified as fixed costs since they do not vary with the number of customers or the quantity of food prepared.

Thus, the weekly fixed costs for Bella Capri amount to $250 + $150 + $600 = $1000.

I hope this clarifies your question.

6 0
2 months ago
Consider an 8% coupon bond selling for $953.10 with three years until maturity making annual coupon payments. the interest rates
arsen [3447]

Answer:

a) YTM = 9.8%

b) realized compound yield = 9.9%

Explanation:

a) PMT is 80

par value FV = 1000

coupon rate = 8%

current price PV = 953.1

years to maturity n = 3

Yield to maturity (YTM) is calculated as \frac{PMT+(FV-PV)/n}{(FV+PV)/2} = \frac{80+(1000-953.1)/3}{(1000+953.1)/2}= 9.8%

b) r2 = 10% = 100%+10% = 1.1

r3 = 12% = 100%+12% = 1.12

To find the realized compound yield, we first need the future value (FV) of the principal and reinvested coupons.

FV = ($80 * 1.10 * 1.12) + ($80 * 1.12) + $1080 = $1268.16

Let a be the rate at which the future value equals $1268.16.

953.1(1+y)³ = $1268.16

(1+y)³ = 1.33

1+y = 1.099

y = 0.099 = 9.9%

5 0
3 months ago
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