How much would Roderick have after 6 years if he has $500 now and leaves it invested at 5.5% with annual compounding?a. $591.09b

Answer:

A. brokerage firms are increasingly posing a significant challenge to banks and other deposit-holding institutions by providing high-interest combination savings and checking accounts as well as money market accounts and various loan options.

Explanation:

As reliance on physical currency diminishes, the necessity of using banks has also declined.

Provided that appropriate security protocols are in place, no other institution can offer a safer way to save, transfer, and access your funds.

This positions brokerages as viable contenders against banks in the realm of savings and checking accounts. Given their previous association with investment activities, the funds you deposit into a brokerage can readily be moved to your investment accounts.

Answer:

The answer to the question is A.

Explanation:

To start, we differentiate between fixed and variable elements:

Fixed costs:

Advertising costs $20,000

Office costs $12,000

Other expenses $10,000

Variable costs:

Delivery costs $25,000

Commission costs $75,000

Other variable costs $20,000

Total amount $120,000

Next, we find the ratio of variable costs to total sales:

Total selling expense ratio = 120,000/2,500,000 = 0.048

For each of the variable costs:

Delivery costs = 25,000/120,000 = 0.20

Commission costs = 75,000/120,000 = 0.63

Other variable costs = 20,000/120,000 = 0.17

Lastly, for sales amounting to $3,400,000:

Total variable cost = 3,400,000 * 0.048 = $163,200

Commissions = 0.63 * 163,200 = $102,816

Answer:

6.43%

Explanation:

The insurance company will calculate the internal rate of return utilizing the method detailed below:

Cash flows      Year involved      Present [email protected]%  Present [email protected]%          

($100)                 1-20                      ($851)                            ($1,487.75)                      

$3,310                 20                        $492                             $1,832.67

                                                        ($359)                           $344.92

IRR=A%+ (a/a-b)*(B%-A%)

A%=10%  a= ($359) B%=3%  b=$344.92  

IRR=10%+(-$359/-$359-$344.92)*(3%-10%)

     =6.43%

Answer:

The price elasticity of demand for home heating oil is -0.36.

Explanation:

To find the price elasticity of demand for home heating oil, we can utilize the formula:

Elasticity of demand = (dQ/dPhho)*(P/Q)

Based on the information provided:

demand for home heating oil in Connecticut = Q = 20 – 2 Phho + 0.5 Png – TEMP

price of home heating oil = $1.20

price of natural gas = $2.00

Q = 20 – 2*1.2 + 0.5*2 – 12

Q = 6.6

Hence, we calculate price elasticity of demand as follows: (-2)*(1.2/6.6)

Thus, price elasticity of demand = -0.36.

The price elasticity of demand for home heating oil is -0.36.