When the interest is compounded more than once per year periodic rate interest rate should be used when finding the time value of money .
How much does monthly interest cost?
The usual method for calculating interest on a daily periodic rate is to multiply the rate by the balance due at the end of each day. The amount of interest is compounded everyday since it is added to the balance from the previous day after it has been calculated.
What are nominal and periodic interest rates?
By multiplying the periodic interest rate by the number of periods in a year, you may get the nominal interest rate. For instance, a nominal annual interest rate of 12% calculated via monthly compounding equates to a 1% interest rate each month (compounded).
Learn more about periodic interest rate
brainly.com/question/16044693
#SPJ4
what type of economy is commonly associated with communism?
The communist political system involves a command economy, whereas capitalist countries have a free market.
What is communism explained simple?Both a form of government and an economic system, communism (a way of creating and sharing wealth). Individuals do not own property, factories, or equipment in a communist regime. Instead, these things are held by the government or indeed the entire community. The wealth that each person creates is meant to be shared by others.
What is communism vs socialism?The main distinction between communism and socialism is that under communism, the state (rather than private citizens) owns and controls the majority of property and economic resources, whereas under collectivism, all citizens partake in the economic resources distributed by a democratically elected government.
To know more about communism visit:
brainly.com/question/13760515
#SPJ4
jana receives an insurance bill for her rental property. the bill is for $600, is due by january 15, and will provide insurance coverage for her property for the months of january through june. jana pays the bill in full on january 12. using the cash method, jana records a business insurance expense of $600 on which date?
The company is a partnership or an LLC. After 1996, the majority of unincorporated firms can choose between being taxed as a partnership or a corporation.
What is a partnership?A partnership is a contract that requires two or more people to manage a business together and share earnings. Different types of partnership agreements exist. Particularly, in a partnership business, all partners share profits and liabilities equally, however in other circumstances, partners may have limited liability. Each partner is solely responsible for the debts of the partnership. Earnings are also allocated fairly. A detailed statement of the parameters of profit distribution will almost certainly be included in a partnership agreement. Limited liability partnerships are a common form of business for experts like accountants, lawyers, and architects (LLPs). The assets of other partners would probably not be at risk, for example, if one partner were to be sued for negligence, due to the personal liability limitations in effect.
To learn more about partnership, visit:
https://brainly.com/question/12983082
#SPJ4
how much would $20,000 that is expected to be received in 50 years be worth today if the discount rate were 7.5%? solve for pv. $461.08 $485.35 $537.78 $438.03 $510.89
Expected to be received in 50 years be worth today if the discount rate were 7.5% - $537.78.
What are examples of discount rates?The discount rate is the interest rate that is used in a discounted cash flow (DCF) analysis to calculate the present value of future cash flows. This aids in determining if a project's or investment's expected future cash flows will be worth more than the capital expenditure required to fund them now.
According to given data:
Future Value = FV = $20,000
No. of years = n = 50 years
Discount Rate = n = 7.50%
Present value = PV = ?
Using Future value formula as below
Future value = Present value x ( 1 + rate of interest )^Number of years
FV = PV x
PV =
PV = FV x
PV = $20,000 x
PV = $537.78
So, the correct answer is $537.78.
To know more about the discount rate visit:
https://brainly.com/question/14721303
#SPJ4
your finance grade is determined by four equally weighted tests. you have taken three of the tests, receiving grades of 72, 83, and 91. what is your current average in the class?
The answer is 94, in the last test the score needed for him to get an overall average of 85 is 340–246=94.
How do we determine the average?Average This is the arithmetic mean, which is determined by adding a collection of integers and then dividing by the total number of those numbers. For instance, 30 divided by 6 equals 5, which is the average of 2, 3, 3, 5, 7, and 10.
Why is the mean called the average?The average is the sum of all numbers divided by the total number of values. The average of the range of values in a sample of data can be used to define a mean. In other words, an average is often referred to as the arithmetic mean. A mean is used to describe the average.
To know more about Average visit:
https://brainly.com/question/2426692
#SPJ4
Which of these is NOT part of the promotional mix?a.Personal Sellingb.Advertisingc.Public Relationsd.Customer Profiles
Four additional components are included in the promotion mix, which businesses use to achieve their marketing goals.
Who is an example of a customer?Any individual or group that has purchased services or products from a business is considered a customer. You represent a business's consumer every whenever your pay a invoice or make a purchase there. There are generally three fundamental
Who is a customer vs a consumer?A user is always the person who uses a good or service in the end, even if they didn't buy it. When a customer makes a purchase and uses the good or service personally, they are considered a consumer. A consumer always makes a purchase, even though they could not be the final users.
To know more about Customer visit:
https://brainly.com/question/13735743
#SPJ4
a journal provides a multiple choice question. summary of all the debits and credits made during the period. chronological record of all transactions affecting a firm. listing of all accounts used by a firm.
All transactions impacting a corporation are recorded chronologically in a journal.
For the purpose of future reconciliation and as a means of transmitting data to other accounting records.
Such as general ledgers, journals are detailed accounts that record all of a business's financial activities.
A business keeps track of all of its financial transactions in a journal. Businesses use the journal to transfer data or to match up entries in a general ledger with records of income and expenses.
Dates of transactions and sums spent or gained are recorded in a journal.
Sales, purchases, or any other financial activity into or out of your firm is recorded chronologically in a journal, which can be physical or electronic.
To know more about the Chronological record visit:
https://brainly.com/question/30460893
#SPJ4
which statements are true concerning the fundamentals and swing factors? group of answer choices a. the fundamentals come from the income statement and include sales, cost of sales and operating expenses. b. the swing factors are found in the balance sheet and include accounts receivable, inventory and accounts payable. c. are usually found at the top or beginning of every cash flow chart used by analysts and lenders. d. all of the above.
The correct Option is A and B. Concerning the fundamentals and swing factors.
The fundamentals and swing factors are important generalities in fiscal analysis. The fundamentals are the introductory fiscal criteria that give sapience into a company's fiscal health and performance, and they come from the income statement.
They include deals, cost of deals, and operating charges. These criteria help judges to understand the company's profit and charges.Swing factors, on the other hand, are set up in the balance distance and include accounts delinquent, force, and accounts outstanding.
These factors can have a significant impact on a company's cash inflow and can swing it negatively. Understanding the swing factors is important for judges and lenders as it helps them to identify implicit cash inflow issues and make informed opinions.
Together, the fundamentals and swing factors give a comprehensive view of a company's fiscal situation, and their analysis is pivotal for making informed investment and lending opinions.
To learn more about fundamental and swing factors.
https://brainly.com/question/23531695
#SPJ4
the process of gauging potential investor interest regarding a forthcoming initial public offering (ipo) is part of the process called
The process of gauging potential investor interest regarding a forthcoming initial public offering (ipo) is part of the process called book building.
What is initial public offering (ipo) ?
An initial public offering (IPO) is the process of selling new shares of a private company to the general public.To hold an IPO, businesses must satisfy Securities and Exchange Commission (SEC) and exchange standards.IPOs provide businesses the chance to raise money by selling shares on the main market.Investment banks are hired by businesses to sell products, assess customer demand, determine IPO pricing, and other tasks.The company's founders and early investors might use an IPO as an exit option to realize the full return on their private investment.An organization is regarded as private before an IPO.To learn more about initial public offering (ipo)
https://brainly.com/question/29687925
#SPJ4
if a company agrees to provide services to a customer in a subsequent month and the customer agrees to pay for those services after they are provided, what is the entry to record that event?
If a company agrees to provide services to a customer in a subsequent month and the customer agrees to pay for those services after they are provided, Accounts receivables is the entry to record that event.
The Accounts receivables are referred to the money which a company's customers owe for the products or the services they have received but not paid for that products or services, e.g. when the customers purchase the products or services on the credit, the amount owed gets added to the accounts receivable.
The challenges faced by the accounts receivables is ledger disorganization, poor communication with your customers, lack of proper policies and the days sales outstanding.
To know more about Accounts receivables here,
https://brainly.com/question/24261944
#SPJ4
an organization’s budget is a document that details
A. the financial and physical resources allocated to a project or departement for a period
B. the cash available for business expenses and payroll during a year
C. the headcount assigned to each departmental manager for the year
Option A is Correct. The budget of an organization is a document that lists the financial and material resources allotted to a project or department for a given time period.
It is a management tool that is employed within an organization for planning and controlling. Additionally, it is a formal written directive for your future course of action, represented in monetary terms over a predetermined time frame. A project's or department's financial and material resources are specified in the budget for the organization.
They are single-use plans since they are only applicable during that time or for that unique occasion. The process of creating and managing a financial plan that forecasts income and expenses for a time period is known as budgeting.
To know more about budget Click here: brainly.com/question/29554143
#SPJ4
annual real per capita gross domestic product (gdp) in the united states was roughly $44,000 in 2010. if it grew by 3 percent the following year, by 2011 the annual real per capita gdp would be a. $57,200. d. $45,320. b. $42,718. e. $1,320. c. $33,846.
In 2010, the US had a real domestic product per capita of about $44,000. The actual per capita annual GDP would indeed be $1,320 in 2011 if it increased by 3% the following year.
How is real GDP determined from per capita?By dividing GDP at current prices by the populations of a nation or region, one can get real GDP per capita. To make the calculation of national growth rates and the aggregation of the statistics easier, the real GDP figures are evaluated in constant US dollars.
How is real GDP Y determined?A GDP price flashed, or the price difference between both the incumbent year and the baseline year, is used to compute real GDP. For instance, The measure of inflation would be 1.05. If prices increased by 5% ever since base year.
To know more about GDP visit:
https://brainly.com/question/15682765
#SPJ4
several studies have shown promising links between green tea consumption and cancer prevention. how does this affect the market for green tea?
Studies linking green tea consumption and cancer prevention could have a positive impact on the green tea market. As consumers become aware of the potential health benefits associated with green tea, demand for the product is likely to increase, leading to higher sales and potentially higher prices.
In addition, the green tea market may become more competitive as new companies enter the market to capitalize on the growing demand. This can result in the introduction of new green tea products, such as green tea supplements, as well as increased marketing and advertising efforts by existing companies.
It is important to note that while there are promising findings linking green tea consumption and cancer prevention, additional research is needed to confirm these findings and establish green tea as a proven cancer preventer. However, the perception of green tea as a healthy drink is likely to have a positive impact on the market.
You can learn more about market here brainly.com/question/15483550
#SPJ4
if you woke up in the morning and found that nominal gdp has doubled overnight, what statistic would you need to check before you begin to celebrate? why?
While real GDP only rises as a result of increasing output at base prices, nominal GDP can rise due to higher prices, higher output, or perhaps both. We must verify the actual output statistic.
How are real and nominal GDP determined?Real GDP is typically calculated by multiplying nominal GDP by the GDP deflator (R). The deflationary number, for instance, is 1.01 if an economy's prices have risen by 1% since the base year.
What is the GDP formula?GDP is calculated as private consumption plus gross domestic product plus government investment plus (exports – imports). or using the following formula: GDP = C + I + G + (X – M) The country's national statistical office often uses the international standard to compute GDP.
To know more about GDP visit:-
https://brainly.com/question/30111703
#SPJ4
you are in the process of selecting vendor for a project. which of the following statements are true regarding a prequalified seller list? answers a. it is used as a tool in the conduct procurements process. b. it is part of the project management plan. c. it defines the source selection criteria. d. is used to determine which sellers will receive a procurement contract award.
It is part of the project management plan.
What is a plan?
The three most common terms used to categorise plans are breadth, time period, and specificity; however, these terms do not stand alone. For instance, the strategic and operational categories and the short- and long-term categories have a close link.Less formal plans frequently start out as abstract concepts and stay that way when they are updated and put to use. While initially formed with and as an abstract notion, more formal plans used for economic and military goals are more likely to be written down, drawn up, or otherwise preserved in a form that is accessible to multiple persons across time and place..To know more about plans, click the link given below:
https://brainly.com/question/29775565
#SPJ4
a retailer has some skirts that cost $30 each. she wants to sell them at a profit of 70% of the cost. what price should she charge for the skirts?
A retailer has some skirts that cost $30 each. she wants to sell them at a profit of 70% of the cost. she should charge for the skirts $51
To calculate this, we first take the cost of the skirt, which is $30, and multiply it by 1.7 which is the profit percentage in decimal , which is 70%.Doing the calculation (30x1.7=51) This gives us $51, which is the price she should charge for the skirts to make a 70% profit. In other words, the profit is 70% of the cost, so if we multiply the cost by 1.7, the result is the price that the retailer should charge to make a 70% profit.
For example, if the cost of the skirt is $30, then we multiply it by 1.7, which gives us $51. This is the price that the retailer should charge for the skirt in order to make a 70% profit. In other words, the cost of the skirt is multiplied by 1.7 in order to determine the price that the retailer should charge in order to make a 70% profit. This is how we calculate the price that the retailer should charge for the skirts to make a 70% profit.
To know more about profit refer to the link brainly.com/question/15699405
#SPJ4
as the project manager in charge of a mission critical project, it is important that you identify and categorize as many potential risks as possible. which of the following will best help with this? answers a. risk register b. risk management plan c. process analysis d. brainstorming
Correct answer is option A. Rsk register will help project manager who in charge of a mission critical project.
A risk register is a spreadsheet used as a risk assessment tool to pinpoint potential investment setbacks. While risk management is typically associated with projects, it is also useful in product launches and manufacturing.
A risk register document, also known as a risk register log, keeps track of potential risks within a project. It also contains data about the risk's priority and likelihood of occurrence.
A risk register for a project must not only identify and assess risks, but also include concrete mitigation measures. As a result, if the risk escalates, your team will be prepared with remedies and empowered to address the issues.
To learn more about mission critical project refer here
brainly.com/question/30320312#
#SPJ4
How long does it take to get tax refund direct deposit?
Answer:
it takes less than 21 calendar days
Explanation:
after th irs recives the tax return you gave
Which account is generally NOT considered a part of the revenue cycle?
a. Accounts Receivable
b. Inventory
c. Sales
d. Cash
Inventory account is generally NOT considered a part of the revenue cycle.
What is Inventory?Inventory management involves keeping track of the goods, components, and raw materials that a business either sells or utilizes in its operations. As a business owner, you should use inventory management to make sure you have enough merchandise on hand and to spot shortages.
Counting or listing items is what the verb "inventory" means. Inventory refers to all stock at different stages of production and is a current asset in accounting terms. Both shops and manufacturers are able to continue selling and producing goods by maintaining stock. For the majority of businesses, inventory is a significant asset on the balance sheet, but having too much can really become a burden.
To know more about Inventory visit:
https://brainly.com/question/29889929
#SPJ4
what problem-solving and decision-making method would be the best choice when facing a challenge to getting your work done?
Finding potential answers to an issue through analysis is known as problem-solving. There may need to be decisions made along the route because it is a complicated procedure.
What is problem-solving?Solving problems is a procedure for achieving goals by getting past obstacles, and it is a common part of most activities. The challenges that need to be tackled range from straightforward daily tasks to intricate issues in the commercial and technical spheres. The former is a complicated problem solving (CPS) example, but the latter must resolve a number of interconnected problems. The former is a simple problem solving (SPS) example. Similar differences can be made between formal, fact-based challenges requiring psychometric intelligence and socio-emotional challenges that depend on individuals' or groups' shifting emotions, such as appropriate behaviour, dress, or gift preferences. The bulk of the time, professionals like lawyers, surgeons, and consultants take on cases that need technical expertise and knowledge over what is commonly thought to be acceptable.
To learn more about problem-solving, visit:
https://brainly.com/question/14528251
#SPJ4
consider 5 evaluation levels of excellent, very good, good, fair, and bad. jack and jim each performed 3 tasks. jack received evaluations of excellent, very good, and very good for the 3 tasks, whereas jim received excellent, good, and bad. what's the euclidean distance between jack and jim on their performance?
The Euclidean distance between Jack and Jim's evaluations would be approximately 2.236.
The Euclidean distance between two points in multi-dimensional space is calculated as the square root of the sum of the squares of the differences between the coordinates of the points.
In this case, the evaluations of Jack and Jim can be treated as multi-dimensional points, where each dimension represents a task, and the value in each dimension represents the evaluation for that task.
The evaluations of Jack and Jim can be represented as the points (5, 5, 5) and (5, 3, 1), respectively, where 5 represents "excellent," 4 represents "very good," 3 represents "good," 2 represents "fair," and 1 represents "bad."
To calculate the Euclidean distance between these two points, we can use the following formula:
d =[tex]sqrt((5 - 5)^2 + (5 - 3)^2 + (5 - 1)^2)[/tex]
=2.236
For more such questions on Euclidean distance-
brainly.com/question/14418082
#SPJ4
a sport fan who is enticed into buying a ticket to a game by a promotion had her consumer behavior affected by:______.
A sport organization's marketing strategy had an impact on the consumer behavior of a sports fan who was persuaded by a promotion to purchase a ticket to a game.
What is marketing strategy?
A company's total approach to reaching out to potential customers and converting them into buyers of its goods or services is referred to as its marketing strategy. The value proposition of the business, critical brand messages, information on target customer demographics, and other important components are all included in a marketing plan. The four Ps of marketing—product, pricing, place, and promotion—are covered in-depth in a marketing strategy. A marketing strategy's overarching objective is to establish and communicate a durable competitive advantage over competitors.
To learn more about marketing strategy visit;
https://brainly.com/question/29376574
#SPJ4
If real gdp doubles and the gdp deflator doubles, then nominal gdp?
Nominal GDP doubles if real GDP and the GDP deflator were both double. The answer is doubles.
Nominal GDP is calculated by multiplying real GDP by the GDP deflator, which is a measure of the price level in the economy. If real GDP doubles, this means that the total production of goods and services in the economy has increased by 100%. Meanwhile, if the GDP deflator doubles, this indicates that the general price level in the economy has increased by 100%.
Since nominal GDP is the product of real GDP and the GDP deflator, it follows that nominal GDP would also double. This means that the total production of goods and services in the economy has not only increased in quantity but also in value as measured in current prices. In this scenario, both real and nominal GDP has increased, reflecting growth in both the quantity and value of goods and services produced in the economy.
Learn more about Nominal GDP
brainly.com/question/20820909
#SPJ4
Given, Real GDP doubles and the GDP deflator doubles.In general, GDP can be defined as:Nominal GDP = Price level x Real GDPThe formula of GDP deflator is:GDP deflator = Nominal GDP/Real GDP x 100Let's compute nominal GDP here:Real GDP doubled implies Real GDP increased by 100%and since we know thatPrice level = Nominal GDP/ Real GDP = GDP deflator/ 100
Nominal GDP = Price level x Real GDPFrom the above equations, we know thatPrice level = Nominal GDP/Real GDPandGDP deflator = Nominal GDP/Real GDP x 100On substituting Nominal GDP with the above formula we get:GDP deflator = (Price level x Real GDP)/Real GDP x 100GDP deflator = Price level x 100Since we know that,Real GDP doubled implies Real GDP increased by 100%andGDP deflator doubled implies Price level increased by 100%
Now, Price level has increased by 100%. So, Nominal GDP should also increase by 100%. Hence, the main answer is Nominal GDP doubles.Explanation:Real GDP doubled, i.e. Real GDP increased by 100%.GDP deflator doubled, i.e. Price level increased by 100%.Formula of Nominal GDP is: Nominal GDP = Price level x Real GDPSo, Price level = Nominal GDP/ Real GDPand GDP deflator = Nominal GDP/ Real GDP x 100By substituting Nominal GDP in GDP deflator, we get: GDP deflator = Price level x 100Given Price level increased by 100%, so Nominal GDP should also increase by 100%.
To know more about that GDP visit :
https://brainly.com/question/31197617
#SPJ11
a small business manager might find himself or herself being asked to attend events and serve as the face of the company more often than him or her counterpart at a large organization, giving him or her a bigger role as a . a. monitor b. liaison c. spokesperson d. resource allocator
The answer is option c. spokesperson .
What is spokesperson ?a person who is chosen to speak officially for a group or organization: A spokesperson for the airline said that flights would run as scheduled. Compare. representative noun.
It is one of the roles that a small business manager may emphasize in comparison or as a counterpart in a large organization. This role will serve as the voice of the small business organization. She/He will speak and voice what the entire group what to mention and he will deliver the idea of the entire business as one.
The role of a spokesperson is to communicate information the public wants or needs. The spokesperson is not only responsible for the messages being conveyed, but he or she should also be involved in the development of the key messages.
A spokesman is a representative, someone who speaks for a group. The spokesman of your French club, for example, might announce the date of your bake sale during your school's morning announcements.
To learn more about spokesperson refers to;
https://brainly.com/question/4253806
#SPJ1
which of the following will not cause the demand curve for athletic shoes to shift? a widespread advertising campaign for athletic shoes. b a change in tastes for athletic shoes. c increase in money incomes of athletic-shoe consumers. d expectations that the price of athletic shoes will decrease in the future. e a decrease in the price of athletic shoes.
The statement that shows no cause of the demand curve for the athlectic shoes to shift is a decrease in the price of athletic shoes. Thus, option E is correct.
What is Demand curve?The relationship between the cost of an item or service and the quantity demanded over a specific time period is represented graphically by the demand curve. The price and quantity demanded are often represented with the price on the left vertical axis and the horizontal axis, respectively.
There is the inverse relationship between the price and demand. As the price level of the athletic shoes decreases then the demand of the shoes will increase but thei will be downward sloping curve of the demand.
A drop in the cost of sports footwear demonstrates that there is no reason for the demand curve for these footwear types to alter. Option E is correct as a result.
Learn more about Demand curve here:
https://brainly.com/question/13131242
#SPJ1
who proposed a comprehensive theory of cooperation in formal organizations? question 7 options: max weber mary parker follett elton mayo chester barnard
Che-ster Bar-nard proposed a comprehensive theory of cooperation in formal organizations.
Che-ster Irving Bar-nard, an Ame-rican business leader, public ser-vant, and pioneer in management theory and organisational studies, lived from 1886 to 1961. His most famous work, The Functions of the Executive, outlines an organisational theory and the roles of executives in businesses. It is a natural, cooperative structure, according to Bar-nard, who created a theory of organisation around this premise. His natural system theory includes crucial ideas like the Inducement-Contribution Theory, modifying members' motives to encourage collaboration, and acknowledging the necessity of leg-itimate authority. Organization theory pioneer, decision theorist, and supporter of reasonable
To learn more about organisational, click here.
https://brainly.com/question/4891892
#SPJ4
kelly calls you to her office and tells you that she is interested in expanding gearup to include a national chain of gyms called gearon. she asks you to investigate starting up this new division of the company. click next to begin your challenge. good luck!
The corporation is looking into launching this new branch. looking into the New Division.
Explain what division is.Multiplication is the opposite of division. If 3 groups of 4 add up to 12, then 12 divided into 3 groups of equal size results in 4 in each group. Creating equal groups or determining how many people are in each group after a fair distribution is the basic objective of division.
Which four forms of division are there?Partitive division and quotative division are the two types of division. In some circumstances, one form may be more beneficial than the other. Let's find out how to divide and which approach works best in certain scenarios.
To Know more about New Division.
https://brainly.com/question/16700770
#SPJ4
in a bureaucratic organization, individuals can be held accountable for what they do, and such accountability reduces the transaction costs. group of answer choices true
Individuals can be held accountable for their actions in a hierarchical organization, and this accountability lowers transaction costs.
What does bureaucratic structure entail?
A government agency or for-profit business with rigidly observed operating procedures and a chain of command is referred to as a bureaucratic organisation. Both the public and private sectors adopt this hierarchical administrative structure. All 2,000 or more federal government departments, agencies, and commissions are bureaucracies. The three most well-known of these agencies are the Social Security Administration, the Internal Revenue Service, and the Veterans Benefits Administration. The four fundamental characteristics of bureaucracies are a clear hierarchy, specialisation, a division of work, and a set of written rules, or standard operating procedures.
To learn more about bureaucratic organization click on the given link:
brainly.com/question/14019660
#SPJ4
how could you make money if the june and december futures contracts for a particular year trade at $80 and $86?
One oil contract may be purchased in June and one sold in December. When the oil is delivered in June, you borrowed $80 per gallon at even a rate of 5% to pay for cash withdrawals.
By money, what do you mean?You can pay for things using legal currency, settle debts with it, or use it to receive services. It occasionally also contains the worth of assets that, according to a corporation, may be quickly transformed into cash.
Can money lose its value?Fiat money runs the risk of sacrificing value owing to inflation or maybe losing it all in the case of hyperinflation because it isn't backed by real reserves.
To know more about cash visit:
https://brainly.com/question/10714011
#SPJ4
darrien has an annual 16% compounding interest rate over five years. if the interest rate is compounded quarterly, what is the interest rate per compounding period?
Compounding usually results in annual interest being paid at a greater rate.
What is the interest rate of the compound period?Adding the annual interest rate raised by the number of compound periods minus one to the original principle amount yields compound interest. Next, the value obtained is reduced by the full initial loan amount.
Compounding usually results in annual interest being paid at a greater rate. The amount invested grows over a 12-month period rather than being paid out on a monthly basis. Take advantage of it, though, if you can receive the same interest rate for monthly payments as you can for yearly ones.
By multiplying the yearly interest rate by the quantity of compounding periods, the periodic interest rate is calculated. More compounding periods enable interest to be earned on or added to interest more frequently.
Therefore, the correct answer is 0.04.
To learn more about interest rate refer to:
https://brainly.com/question/25720319
#SPJ4
true or false: increased revenue from digital sales of music replaced 100 percent of the revenue lost from declining cd sales.
False. Recording artist royalties typically vary from 10% tp 25% of a suggested retail value for top-selling albums under the standard recording agreement.
Why are CD sales declining?The Record Labels Association of America (RIAA) reports that American CD album sales have decreased by 95% since peak in 2000 and are now at their lowest point since Whitney Houston's self-titled newest album topped the Pop charts in 1986.
What effect did CDs have on the music business?The advent of the compact disc revolutionized the music business.It helped musicians grow their fan bases and establish themselves as successful members of the music business while providing consumers with access to even more music of higher quality.Musicians were able to demonstrate to us through CDs that song is more than just notes & lyrics.
To know more about recording agreement visit:
https://brainly.com/question/30286891
#SPJ4