Xavier opened a savings account with a deposit of $12,000. the account earned simple interest. he did not make any additional deposits or withdrawals. at the end of 3 years, the account balance was $12,324. what is the annual interest rate on this account?

Answers

Answer 1

The annual interest rate on this account opened by Xavier will be 0.9%.

How to calculate the interest rate?

From the information, the following can be deduced:

Principal = $12000

Interest = $12324 - $12000 = $324

Time = 3

We'll use the formula:

I = PRT/100

324 = (12000 × R × 3)/100

32400 = 36000R

R = 32400/36000

R = 0.9

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Related Questions

Observation can be used to help determine ______. Multiple select question. proper inventory authorizations proper recording and allocation of labor and material costs physical controls over inventory separation of duties in the inventory area

Answers

Observation can be used to help determine proper inventory authorizations so as to meet the goals of the company.

What is observation ?

Observation serves as the the action or process which involves closely monitoring of something or someone.

Therefore, with proper observation, as an expert you can determine proper inventory authorization so as to achieve organizational goals.

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what are the factors pricing up a product? Please mark me the brainiest. Thank you

Answers

Answer:

1) Product has more demand.

2) Competition.

3) Buying pattern of the consumer.

4) Economic Enviroment

5) The Governments Policy

Explanation:

Some main factors of pricing up a product.

What is the primary reason for us government bond yields.

Answers

Answer: Government bonds form a large proportion of investor holdings, and corporate bonds are often priced relative to corporate bonds.

Explanation:

A drop in which of the following measures would typically send a government bond price down? U.S. government bonds offer higher returns than corporate bonds, so investors find government bonds a more attractive investment. All governments mandate interest rates as part of their economic policy. Non-government borrowers are slightly less safe and therefore must offer slightly lower yields.

You borrow money on a self liquidating installment loan (equal payments at the end of each year, each payment is part principal part interest)
Loan amount $989,000
Interest Rate 11. 7%
Life 48 years
Date of Loan January 1, 2021
1. What is the annual payment (round to the nearest $)?
2. What are the total interest payments (round to the nearest $)?
3. After 28 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)?
4. After 28 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)
5. What is the annual payment (round to the nearest $)?
6. What are the total interest payments (round to the nearest $)?
After 28 payments have been made, what percentage of the total interest has been paid (round to the nearest percentage point)?
8. After 28 payments have been made, what percentage of the total principal has been paid (round to the nearest percentage point)?

Answers

The percentage of total interest paid after 28 payments is 69%, and the percentage of total principal paid after 28 payments is 10%.

Calculations of a Loan Annual Payment and Total Interest Payments

Note: Only questions 1 to 4 are relevant as questions 6 to8 are just repetitions of questions 1 to 4 respectively.

Also Note: See the attached photo for the loan amortization schedule for the self-liquidating installment loan.

From the attached photo, we can answer the questions as follows:

1. Annual payment = $116,287

2. Total interest payments = Total of interest = $4,592,780

3. Percentage of total interest paid after 28 payments = Cumulative interest payment at Year 28 /  Total interest payments = $3,152,232 / $4,592,780 = 0.69, or 69%

4. Percentage of total principal paid after 28 payments = Cumulative annual principal at Year 28 / Total principal payments = $103,806 / $989,000 = 0.10, or 10%

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According to the Civil Rights Act and the Pregnancy Discrimination Act, employers should not prevent people from working in hazardous jobs because of reproductive concerns. Group of answer choices True False

Answers

Answer:

It's true!

Explanation:

...................

Devon is very good with people. she works for a pharmaceutical company and often visits doctors to see if they will sell her product to their patients. in which career pathway is devon most likely involved? marketing communications professional sales and marketing distribution and logistics e-marketing

Answers

Marketing Communications is the utilization of many marketing channels and techniques in tandem.

What are the four kinds of marketing communication?

Advertising, public relations, sales promotions, and online media are the four methods of marketing communication.

Advertising, being the most potent commercial communication tool, provides a broad audience reach and a high frequency of information transmission.

Public relations is the second sort of marketing communication. In a more subtle way, public relations will aid in the creation of brand awareness among customers. This is what distinguishes public relations from advertising.

Discounts on sales promotions are the most popular sort of sales promotion. When you realize this, you may begin to consider how you may make the most of the circumstance.

Media on the Internet Many businesses use online media as a marketing communication tool. This might be accomplished by purchasing appealing advertisements and placing them in promising places such as online newspapers and magazines.

Thus Option A is the career pathway Devon is involved in.

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Answer:

Marketing Communication

Explanation:

Edge 2022

How are a credit score and credit report related?

Answers

Answer:

1) A

2)D

3)D

4) Dunno

Explanation:

Here's the reason why I chose the answers as well.

1) When you have a debit card you are spending your OWN money. Therefor it's taken from the money if you have in your bank account.

2)Credit Cards are usually used when you don't have the cash at hand but have to pay it back.

3)The lower the credit score the worst it is.

A juice manufacturer has 50,000 gallons of juice in process at the beginning of the month. By month's end 25,000 gallons were complete, 20,000 gallons were 60% complete and 5,000 units were 40% complete. Equivalent units equals ______ gallons.

Answers

If 20,000 gallons were 60% complete and 5,000 units were 40% complete. The Equivalent units equals 39,000 gallons.

Equivalent units

Using this formula

Equivalent units=Ending complete gallons(25,000 gallons ×60% complete)+ (5,000 units ×40% complete)

Let plug in the formula

Equivalent units=25000+(20000×60%)+(5000×40%)

Equivalent units=25,000+12,000+2,000

Equivalent units=39,000 gallon

Therefore the Equivalent units equals 39,000 gallons.

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If a salesperson wishes to provide potential buyers with evidence that the product is enjoyed by others in the
community, he or she can
O put its logo on a pair of jeans
O place an advertisement on the radio
position an ad on the internet
o provide testimonials from customers

Answers

provide testimonials from customers

Old town entertainment has two employees in year 1. clay earns $4,300 per month, and philip, the manager, earns $10,700 per month. neither is paid extra for working overtime. assume the social security tax rate is 6 percent on the first $110,000 of earnings and the medicare tax rate is 1.5 percent on all earnings. the federal income tax withholding is 15 percent of gross earnings for clay and 21 percent for philip. both clay and philip have been employed all year.

required:
a. calculate the net pay for both clay and philip for march.
b. calculate the net pay for both clay and philip for december.
c. is the net pay the same in march and december for both employees?

Answers

It is to be noted that:

the March Net Pay for Clay and Philip are $ 9,997.5 and $ 23,227.5 respectively;December Net Pay for both Clay and Philip are $39,990 and $ 92,910 respectively.

Is the net pay the same in March and December for both employees?

No. The net pay isn't the same in March and December for both employees.

What is Net Pay?

Net Pay refers to the balance of one's income after all deductibles have been removed.

Deductibles include:

Social Security TaxFederal Income TaxMedicare Tax etc.

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According to the business cycle represented in the diagram above, the actual rate of unemployment equals the natural rate of unemployment when the economy is.

Answers

According to the business cycle, the actual rate of unemployment equals the natural rate of unemployment when the economy is on the potential line.

What is Unemployment?

This refers to the situation in which a person is without paid employment and cannot adequately cater to his needs.

Hence, we can see that from the complete question, there is an image attached which shows real output graphed against time and there is the expansion, peak, etc and there is equality between the actual and natural rate of unemployment on the potential line.

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How many dollars would it cost to buy an edinburgh woolen mill sweater costing 50 british pounds if the exchange rate is 1.50 dollars per one british pound

Answers

The amount of  dollars that  it would cost to buy an edinburgh sweaters if the exchange rate is 1.50 dollars per one british pound is: $75.

Dollar amount to buy an buy an edinburgh woolen mill

Using this formula

Dollar amount=Cost of woolen mill sweater×Exchange rate

Where:

Cost of woolen mill sweater=50 pounds

Exchange rate=1.50 dollars

Let plug in the formula

Dollar amount=50×$1.50

Dollar amount=$75

Inconclusion the amount of  dollars that  it would cost to buy an edinburgh woolen mill sweater is $75.

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Submit your 500-word essay describing the career you have chosen, a five-day schedule of this career, and the
advantages and disadvantages of the work schedule that you have created.

Answers

Assuming you choose the marketing career to write your essay, it is essential to conduct research on reliable sources for information about professional assignments.

What is a career in marketing like?

As a broad and innovative field, a career in marketing can take many different paths. It involves efforts to promote a company's products and services, through value creation and positioning strategies.

Therefore, if the chosen area is content marketing, some advantages are greater flexibility and creativity to create media that engage the public with the brand.

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When referring to factors of production,
which of the following is an example of land?

Answers

Answer:

The first factor of production is land, but this includes any natural resource used to produce goods and services. This includes not just land, but anything that comes from the land. Some common land or natural resources are water, oil, copper, natural gas, coal, and forests.

Which statement is NOT true?
A. Local banks offer commercial real estate loans.
B. Local banks offer automobile loans to the government.
C. Local banks offer unsecured loans.
D. Local banks offer residential mortgage loans.
E. Local banks offer educational loans.

Answers

Explanation:

The Answer Is C. That's It

What is the reason for using progressive taxes on income?
A) Lower-income individuals have a lower cost of living and can afford to pay more in taxes.

B) Higher-income individuals are more likely to spend their income on consumption of goods, and paying more taxes discourages spending.

C) Higher-income individuals are more likely to afford their standard of living and can afford to pay more in taxes.

D) Individuals of all incomes pay the same percentage of their income toward the tax, making it a fair tax.

Answers

The reason for the progressive tax is because the Higher-income individuals can afford a good standard of living and can pay more in taxes.

What is a progressive tax?

This is a type of tax imposed based on a taxpayer's ability to pay, that is, the higher the income. the higher the taxrate applicable to the taxpayer's income.

The reason for progressive tax is that a tax would be a disproportionate burden for people with low incomes.

Therefpre, the Option C is correct.

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Andy Yocom was looking to start a small business so he could be his own boss. While golfing one day, he saw prime advertising space on the flags on the course. He has decided to call his new venture Invision Golf Group Inc. What should he include in his business plan

Answers

The things that Andy Yocom should include in the business plan is E. All of the above.

What is a business plan?

A business plan simply means a plan that is used by a business to set out the goals and objectives of the firm and how the company will achieve it.

From the complete question, he should include the goals, how the company will achieve it, the employees to achieve the goals, etc.

The things that should be included include:

management plan.the elements of the company that make it uniquean analysis of the market in which the company will operatea financial plan.

Therefore, the correct option is all of the above.

Note that the options to the question include:

A. management plan.

B. the elements of the company that make it unique

C. an analysis of the market in which the company will operate

D. a financial plan.

E. all of the above.

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Would a change in the interest rates from 8% to 7% encourage a banks customers to borrow more money? Explain.

A) No, it would not encourage more borrowing, because a lower interest rate means that they would earn more interest over the course of the loan

B) Yes, it would encourage mor borrowing because a lower interest rate means that they would earn more interest over the course of the loan

C) Yes, it would encourage more borrowing because a lower interest rate means that they would have less interest to repay over the course of the loan

D) No, it would not encourage more borrowing, because a lower interest rate means that they would have less interest to repay over the course of the loan

Answers

Answer:

The answer would be D

Explanation:

The reason why i got that is an interest rate is the cost of borrowing money. Or, on the other side of the coin, it is the compensation for the service and risk of lending money. In both cases it keeps the economy moving by encouraging people to borrow, to lend, and to spend. But prevailing interest rates are always changing, and different types of loans offer different interest rates. If you are a lender, a borrower, or both, it's important you understand the reasons for these changes and differences.​ They also have a heavy effect on the rare metals trade, including silver stocks.

Yes, because they would have less interest to pay back over the term of the loan, a lower interest rate would encourage additional borrowing. Hence, Option (C ) is the accurate answer.

What is an interest rate?

An interest rate is an amount of interest that is payable each period stated as a percentage of the amount that was lent, deposited, or borrowed.

The principal amount, interest rate, frequency of compounding, and duration of the loan, deposit, or borrowing determine the total amount of interest on a sum that was lent or borrowed.

Interest rates are one of the main pillars of the American economic system. They affect borrowing costs and savings yields and greatly contribute to the overall return on many different types of assets. Additionally, some interest rates provide insight into the forthcoming financial market and economic activity.

Hence, option (C ) is the correct one.

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A bond is the issuer's written promise to pay the _____________ of the bond with interest. multiple choice Market value Par value Interest value

Answers

The blank space in the sentence should be filled with Market value.

What is a Bond?

In all simplicity, a bond is loan from an investor to a borrower which may be a company or government. The borrower uses the money to fund its operations, and the investor receives interest on the investment. Additionally, it is noteworthy to know that the market value of a bond can change over time as bonds are a medium for store of value.

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When negative externalities exist, an unregulated market will produce ______ of the good and the price will be ______ when compared to the efficient level of production.

Answers

When negative externalities exist, an unregulated market will produce too much of the good and the price will be low when compared to the efficient level of production.

What is a negative externality?

This is type of externality that occurs when the production or the consumption of a good brings about extra costs for another party.

When this is the case, then it may result in one party having benefits and the other party suffering for the benefits.

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The short-run aggregate supply curve is more useful than the curves for other time horizons because real-world economies ______. Multiple choice question.

Answers

The short-run aggregate supply curve is more useful than the curves because it changes price level and output levels simultaneously.

What is a short-run aggregate supply curve?

A short-run aggregate supply curve simply allows one capture how the firm will be able to respond to price stickiness in an economy.

In this case, the short-run aggregate supply curve is more useful than the curves for other time horizons because real-world economies because it changes price level and output levels simultaneously.

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You just won the lottery. congratulations! the jackpot is $10,000,000, paid in eight equal annual payments. the first payment on the lottery jackpot will be made today. in present value terms, you really won —assuming annual interest rate of 8.00%.

Answers

Answer:

An annuity that pays $1,000 at the beginning of each year

PTM of the annuity selling for 2,541.15 $   437.50

Present value of the Jackpot:    $62,063,701

Explanation:

Because is at the beginning, the 1,000 will be generating interest right away.

So even the 500 at the beginning will have a slightly higher rate, it cwon't compensate the 1,000 upfront.

The term ____________________ describes the increasing connectedness of societies and their economies as a result of developments in transportation and communication.

Answers

The term globalization describes the increasing connectedness of societies and their economies as a result of developments in transportation and communication.

What is Globalization?

This refers to the connectedness between different societies which brings them closer in terms of development and communication.

Hence, we can see that as a result of globalization, we can see that the world is now a global village and communication is fast and instant even across great distances.

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When reagan took office, he brought with him a new economic philosophy. with the guidance of his economic advisors, he tried to stimulate the economy. to do this, his administration cut taxes and invested government money in job-creation programs. it seemed to work. in the eight years that reagan was president, the unemployment rate fell from 7.5 percent to 5.4 percent. during that same period, inflation dropped from 12.5 percent to 4.4 percent. which of these economic concerns was related to the achievements described in the passage? "baby boomers" did not want the jobs that had been created by government. reagan "froze" wages and prices to accomplish this economic recovery. inflation and unemployment rates declined, but stagflation did not. the nation’s deficit rose greatly as inflation and unemployment fell.

Answers

The nation’s deficit rose greatly as inflation and unemployment fell was an economic concern that was related to the achievement described in the passage.

What were the economic concerns in the passage?

The passage explains that with the fall in tax revenue of the government and higher spending on employment programs, the federal deficit started to rise.

However, after some years, it could be seen that many businesses gained growth from government spending and created jobs with decreasing inflation rates.

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Answer:

it's D

Explanation:

Got right on edge 2023

What term best describes contractual agreements that restrict the use of land, ostensibly in order to preserve the value of adjacent land or a neighborhood

Answers

In law, a restrictive covenant is the arrangement that generally restricts use of land in order to preserve the value of adjacent land or a neighborhood.

What is a restrictive covenant?

In an agreement, a restrictive covenant is a kind of condition that confers a restriction, limits or prohibition on the actions of someone named in an enforceable agreement.

In conclusion, these covenant in law is such arrangement that restricts a use of land in order to preserve the value of adjacent land or a neighborhood.

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Ugar has relocated a production firm to a country that has lower production costs, and is closer to his customers. What type of advantage does this offer Ugar's firm

Answers

The advantage offered to Ugar by relocating their production firm is a reduction in the cost of doing business.

What advantage does Ugor gain?

When Ugor relocated to the country that has a lower production cost, it means that they will spend less to produce their goods and services.

He will also spend less on transporting his goods to his customers. These reduced costs mean that his cost of doing business has reduced.

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John and Vicky purchased a $200,000 homeowners policy for their house in 1988. They have renewed the policy each year since, but have not updated their coverage. This policy has a $1,000 deductible. Their home now has a replacement value of $275,000. Last week they came home to find a small fire which caused the following damages: home$50,000 personal property$20,000 landscaping$ 7,000How much will the insurance company pay for the $50,000 loss to their home

Answers

The amount that the insurance company pay for the $50,000 loss to their home will be $25000.

What is an insurance?

It should be noted that insurance simply means a form of protection against financial loss to hedge against risk.

From the information given, there is a 50% on the personal property covered. In this case, the amount will be:

= 50% × $50000

= $25000

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Pierre works at a fine dining restaurant. He wants to impress his special guests tonight by carving the lamb, which is the main course, in front of them. Before dinner service started he made sure that his ______ cart was stocked with utensils, linen, hot plates, a flare lamp, and accompaniments such as sauces and mustard

Answers

He made sure that the kitchen cart was stocked with necessary utensils, flare lamp, sauces, mustard etc.

What is a kitchen cart?

This is a cart that is designed to serve an all-purpose storage and workspace for personal and business kitchen.

These cart usually a drawers, baskets, cabinets or hooks that will helop to hold utensils, towels, essentials etc.

Therefore, the word "kitchen cart" is correct.

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On May 25, Tyler, Inc. issues 100 shares of $10 par value preferred stock for $5,000 cash. The entry to record this transaction would include a (debit/credit) ________ to the preferred stock account in the amount of

Answers

The entry to record this transaction would include a Credit to the preferred stock account in the amount of $1,000.

Prefered stock account

Based on the information given the appropriate journal entry to record the transaction is:

Tyler, Inc. Journal entry

Debit Cash $1,000

Credit Preferred stock account $1,000

(100 shares×$10 per value)

(To record preferred stock)

Therefore the entry to record this transaction would include a Credit to the preferred stock account in the amount of $1,000.

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Helpful hardware sells windows (80% of sales) and doors (20% of sales). the selling price of each window is $580 and of each door is $1,180. the variable cost of each window is $385 and of each door is $880. fixed costs are $1,737,720. the weighted-average contribution margin is:

Answers

The weighted-average contribution margin of Helpful hardware which sells windows and doors is $216.

Calculation of Weighted-Average Contribution Margin

The weighted-average contribution margin can be calculated using the following formula:

Weighted-average contribution margin = (Contribution margin of windows * Percentage sales contribution of windows) + (Contribution margin of doors * Percentage sales contribution of doors) ……….. (1)

Where:

Contribution margin of windows = Selling price of each window - Variable cost of each window = $580 - $385 = $195

Percentage sales contribution of windows = 80%

Contribution margin of doors = Selling price of each door - Variable cost of each door = $1,180 - $880 = $300

Percentage sales contribution of doors = 20%

Substituting all the values into equation (1), we have:

Weighted-average contribution margin = ($195 * 80%) + ($300 * 20%) = $216

Therefore, the weighted-average contribution margin is $216.

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Before World War II, what big problem did Ben Kamm face in Warsaw? A. He was homeless. B. He had no friends. C. His family was very poor. D. Anti-Semitism was common. HELP PLEASEE!!!In Act V of Julius Caesar, what did Antony mean when he said, "In your bad strokes, Brutus, you give good words: Witness the hole you made in Caesars heart,Crying Long live! Hail, Caesar!A.) You are a hypocrite but speak very well; didn't you cry "Long live Caesar!" just as you were stabbing him?B.) You are a terrible swordsman; didn't you cry "Long live Caesar!" just as you were stabbing him?C.) You make your bad deeds look good; didn't you cry "Long live Caesar!" just as you were stabbing him?D.) You say nice things about others; didn't you cry "Long live Caesar!" just as you were stabbing him? I need help with this a.84. Neptune is very similar in size and color toJupiter.b. Saturn.c. Urans.d. Earth. one of the players of our team ______ hurt why are skilled human resources called an important infrastructure of development? write four any four reasons marty's dog eats about 5 pounds of dog food every four days. what is the rate the dog eats his food in pounds per day? Answer ASAP! but only if you know 100%, and whoever gets it right can have brainliestbeinggreat78, please confirm or answer this question 2. ) What were the demands of the Iranians during the hostage crisis?3. ) The Iranians released women because of their "special place in Islam" and African-Americans because "blacks for a long time have lived under oppression in America. " What does this say about the captors?4. ) What can you infer about the Iranian's view of Ronald Reagan? What evidence do you have?5. ) Why do you think many call the Iranian Hostage Crisis the most embarrassing foreign policy blunder in U. S. History? If made $90.00 how much was paid hourly? The volume of a sphere is 9,198.11 ft3. To the nearest foot, what is the radius of the sphere? Use 3.14 for . what is point?(in mathematics) Which of the following inequalities is correct? Select the correct answer from each drop-down menu. nicks swimming goggles are made of blue plastic. when he straps them on, he notices that the goggles change the color of the objects around him. a white ring buoy appears because the blue plastic all colors of light except blue. only the blue light the ring buoy passes through the blue plastic. Pls help me with My math I need the ans rn, Tysm. what is the answer to this question its biology A florist used 16 flowers to make a bouquet, including 6 lilies.What is the probability that a randomly selected flower will be a lily? Which of the following would not be a fossil?A dinosaur footprintAn ancient bird nest molda fly stuck in tar a year agoA mammoth stuck in ice From a barrel of colored marbles you randomly select 7 blue, 5 yellow, 8 red, 4 green, and 6 purple marbles. Find the experimental probability of randomly selecting a marble that is NOT yellow. Write your answer in simplest form. .If Rashard wants to earn $300 interest in 2 years from an account that earns an annual simpleinterest rate of 8%, how much must he invest initially?