You invest $25,000 at an annual rate of 7.25% for one year. What is the difference in interest earned if you compound this money on a daily basis instead of an annual basis

Answers

Answer 1

The difference between the interest compounded daily and the interest compounded annually is $67.13.

What is the interest earned in your money is compounded on an annual basis?

The formula that can be used to determine interest is : FV - amount invested

FV = P (1 + r)^n

Where

FV = Future value P = Present value R = interest rate N = number of years

$25,000 (1.0725) = 26,812.50

26,812.50 - $25,000 = $1,812.50

What is the interest earned in your money is compounded on a daily basis?

$25,000x (1 + 0.0725 /365)^365 = 26,879.63

26,879.63 - $25,000 = $1879.63

What is the difference in interest?

$1879.63 -  $1,812.50 = $67.13

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Related Questions

In terms of general value propositions, the Hawks are providing greater value with a ____________________ strategy.

Answers

Based on general value propositions, the Hawks are providing greater value with a more for the same strategy.

What are value proposition strategies?

A value proposition is known to be a portion of a firm's overall marketing strategy.

This statement is one that act to convinces a potential consumer that one specific product or service the firm offers will give more value than other similar offerings of that kind.

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Genrapay Inc., a multinational firm, has a branch of operations in a country. Due to rampant militant nationalism, the government seized Genrapay's assets without any form of reimbursement and proceeded to nationalize the firm. This scenario best exemplifies:_____.

Answers

Answer:

Nationalization is when a domestic government reimburses a foreign company for its assets after taking it over.

Explanation:

If demand is relatively elastic and supply is relatively inelastic, who would we expect to bare most of the cost of a tax?.

Answers

it’s the bare to the macy

If demand is relatively elastic and supply is relatively inelastic, A producer is expected to bare most of the cost of a tax.

What is demand?

A demand for a product or commodity is represented by the desire of the consumers. When they are willing to pay a  price for a product the demands raise based on their taste and preferences.

As per economics, when the price of products increases the demand for the products is decreases based on purchasing parity of individuals similarly when the price of products decreases the demand for the products increases.

The relative price elasticity of supply and demand affects how much tax is charged. The penalty of the tax is primarily shared by the producers when supply is less flexible than demand. Tax income increases when demand and supply become more strict.

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differences between an entrepreneur and an employee

Answers

Employees do/execute tasks, while a entrepreneur plans.

The differences between an entrepreneur and an employee is: an entrepreneur has to do with business or trading while employee  has to do with working for another person.

What is entrepreneur and  employee?

An entrepreneur is someone who owns a business or someone that engage in trading while employee can be defined as a person who work for another person for a salary.

An entrepreneur sole aims to make profit or generate sales from their business while an employee depends on salary based on the fact that an employer is the person responsible for an employee salary.

Inconclusion entrepreneur has to do with business while employee  has to do with working for another person.

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Which model of bureaucracy best explains the way the government currently operates? why? in what ways might the patronage system be made more efficient?.

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The bureaucracy model that best explains the current form of government operation is the classical model, also known as the Weberian model.

What is Weber's model?

It corresponds to a form of legitimate domain in addition to relating bureaucracy only to administrative organization. For sociologist Max Weber, bureaucracy is capable of synthesizing social relations and generating essential demands for society.

It is essential that within a bureaucratic society, patronage system is not a dominant feature that generates benefits for individuals or groups.

Therefore, bureaucracy must be a system that contributes to the functioning and development of society according to the demands of individuals.

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The case mentions that making carbonated water isn’t particularly difficult. Based on porter’s model for industry analysis, this increases which competitive force?.

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Based on porter’s model for industry analysis, this increases which  the Threats of new entrants.

What is threat of new entrants?

The threat of new entrants is known to be a risk liked with new competitor that produce for current companies in an industry.

This is said to often take place when a new company is  said to be starting to sell a similar product or service based on the fact that they are an existing company.

See options below

Multiple Choice

rivalry among competitors

bargaining power of buyers

bargaining power of suppliers

threats of substitute products or services

threats of new entrants

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Why do consumers benefit directly from greater productivity?.

Answers

more productivity means more product meaning less stress on demand and lower prices.

When constructing a cvp graph, the vertical axis represents ______.

Answers

Answer:Dollars

Explanation:

How does a market economy answer the three economic questions?

(1) what to produce, (2) how to produce, and (3) for whom to produce.

Answers

Answer:

A market economy answers the three economic questions by allocating resources and goods through markets, where prices are generated.

There are two extremes of how these questions get answered. In command economies, decisions about both allocation of resources and allocation of production and consumption are decided by the government. In market economies, there is private ownership of resources—established though property rights—and the factors of production and consumption are all coordinated through markets. In a market system, resources are allocated to their most productive use through prices that are determined in markets. These prices act as a signal for buyers and sellers. Most economies are mixed economies that lie between these two extremes.

In either system, a rational agent would allocate resources and production using marginal analysis. In command economies, this is more difficult to do because without markets, prices fail at being an effective signal.

Explanation:

I hope this helps!!

After defining the problem and developing the research plan, the next step in the five-step marketing research approach is to

Answers

The next step in the five-step marketing research approach after defining the problem and developing the research plan is to:

Collect relevant information.

What is Research?

This refers to the use of systems to find out the reasons why things occur, the way the occur and the frequency of occurrence based on the scientific method.

With this in mind, we can see that in the research plan, there are steps to be taken and from there, after defining the problem, we would develop the research plan and then collect relevant information.

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Many companies are now considering the impact they have on the environment when making decisions true or false? Help please ASAP

Answers

The answer is true

Explanation:

Because

In corporations, it is easy to transfer ownership by selling stock.
Select one: true or false

Answers

Answer:

the question is false

Explanation:

you can't sell stock for ownership

Which member of the command staff interfaces with other agencies.

Answers

[tex]\huge \underline\frak \red{Answer}[/tex]

Public Information Officer interfaces with other agencies to meet incident related information requirements

Functions of Public Information Officer are

1) Advises the Incident Commander on information dissemination and media relations

2) Obtains information from and provides information to the Planning Section, the community, and the media

The member of the command staff that interfaces with other agencies is the Liaison Officer.

Who is the Liaison Officer

The Liaison Officer's primary responsibility is to coordinate with representatives from cooperating and assisting agencies or organizations. They provide a point of contact for agencies not included in the specific incident command structure.

The Liaison Officer is the direct link between the incident command structure and outside organizations and agencies.

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Fixed manufacturing overhead costs are included as part of Work in Process inventory under ______. Multiple choice question. variable costing only neither variable and absorption costing both variable and absorption costing absorption costing only

Answers

In accounting, the fixed manufacturing overhead costs are included as part of Work in Process inventory under the absorption costing only

.

What is an absorption costing?

An absorption costing is an accounting method that captures all costs associated with the manufacturing of a product.

Hence, the practice is that the fixed manufacturing overhead costs are included as part of Work in Process inventory under the absorption costing only.

Therefore, the Option D is correct.

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If you borrow $20,000 for 5 years at an annual rate of 8%, what would the monthly payment be?.

Answers

The computation of the interest illustrates that the monthly payment is $466.67.

How to calculate the monthly payment?

Firstly, the simple interest will be;

= (20000 × 5 × 8%)

= 8000

Total amount to be repaid:

= $20000 + $8000

= $28000

Monthly payment will be:

= $28000/5 years

= 28000/(5 × 12)

= 28000/60

= $466.67

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What trophy is earned for transferring $500 into your savings account?
O Credit Health
O Debt Reduction
O Emergency Fund
O Perfect Pay

Answers

The trophy that is earned for transferring this money to your savings account is emergency fund.

What is emergency fund?

This is a term that is used to refer to the fact that a person has financial safety net somewhere.

That is they have money that they can refer to at anytime especially if they are in dire need of money due to a situation.

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Opponents of __________ have argued that the related agreements are dangerous because such agreements advance and establish procedures that protect participating nations from the benefits of free trade.

Answers

The blank space should be filled with; Free Trade Agreement (FTA).

Free Trade Agreement

The arguments for or against the free trade agreement have stemmed over the years.

Arguments for the free trade agreement:

It enhances goods and services to be produced more efficiently. Partly because it encourages goods or services to be produced where natural resources, infrastructure, or skills and expertise are best suited to them. On this note, productivity increases, which can lead to higher wages on the long run.

Argument against the free trade agreement:

The major argument against free trade is that, when free trade introduces lower cost international competitors, it pushes domestic producers out of business.

Additionally, free trade not only reduces jobs in some participating industries, but it also creates excess of jobs in other industries.

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What are the different systems of management in buisnesas.

Answers

Answer: Answer: Different types of management systems ranging from the point-of-sale systems, accounting systems, lead management, e-commerce, communication systems

Explanation:

An entrepreneur wants to hire a human resource professional who can help her make decisions about who will or will not be allowed to join her organization. In advertising for this professional, what term should she use to describe the process she wants help with

Answers

The term she should use to describe the process she wants help with  is: Personnel selection.

What is personnel selection?

Personnel selection can be defined as the process of selecting a person hiring a person or an individual.

Personnel selection can also be defined  as the way of selecting an applicant that would occupy a vacant position in a company.

Most companies or organization tend to makes use of Personnel selection when recruiting people into their organization/

Inconclusion the term she should use to describe the process she wants help with  is: Personnel selection.

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Do you believe that his message on that aspect of life is sound, biblically speaking? Explain. Your answer should reflect careful thinking.

Answers

Answer:

Shakespeare's message on that aspect of life is sound biblically speaking.

Explanation:

Because the way he mad Hamlet become over the story gives you a perspective on how events and change can form a person, and make them become something that they never were before.

Marketing managers can choose between three possible global ______, which range from selling the same product to introducing an entirely new product.'

Answers

Global product strategies correspond to strategic possibilities that marketing managers can choose for the insertion of products in a global market.

What is product strategy?

It corresponds to a set of techniques and actions that an organization will use to promote its product in a given market, based on communication, functionality, quality and audience analysis.

Therefore, marketing managers can choose between three possible global product strategies for a company to generate value and market positioning.

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The best time to begin a self improvement plan is when ______. A. You are going to be fired from your job b. You have been reprimanded by your boss c. You have disappointed your friends d. You think you need to improve to meet a career goal Please select the best answer from the choices provided A B C D.

Answers

The best time to begin a self-improvement plan is when a person thinks he\she needs to enhance to complete a career goal.

What is self-improvement?

Self-improvement is defined as the improvement of ourselves in words of understanding, status, habits, character, or physical appearance.

It evolves to improving a person himself, in spite of any external improvements.

Self-improvement involves the improvement in oneself in terms of learning, quality, essence, practices, thinking to improve the carrier goals, personalities, habits, or bodily formation.

Therefore, option D is correct.

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Answer:

D

Explanation:

What is the difference between an increase in demand and an increase in quantity demanded?.

Answers

Answer:

Quantity Demanded is a shift up/down a demand curve

Increase in Demand is a shift in the curve itself.

Explanation:

There will be an increase in Quantity Demanded when price goes down. There is a Quantity Demand change when there is a price change. (QD goes up when Price goes down, QD goes down when price goes up)

An increase in demand is when one of the shifters of demand change. So for example, if number of consumers (one of the shifters) increase, the demand curve increases, and shifts right, meaning more quantity at each pricepoint.

You are the sales manager for a multinational solar energy company. Recently, your company distributed its ________ that outlines its long-term goals and directions,

Answers

The firm's strategic plan is the document that distributed which outlines its long-term goals and directions,

What is a strategic plan?

A strategic plan is a formal document that is mainly used to communicate the organizations goals to others.

These document is essential because its let to know the actions that needed to achieve those goals.

In conclusion, the strategic plan is the document that distributed which outlines its long-term goals and directions,

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To be successful any test used by a corporation must be.

Answers

Answer:

To be successful any test used by a corporation must be valid.

Explanation:

Hope it helps

You are 22 years old, unmarried, have no children, and a take-home pay of $2,500 per month. You depended on your parents while attending college. You are engaged to be married in 18 months. You have very little credit history, but want to establish a good credit rating so that you may be able to rent/buy a home and qualify for low-cost loans when you buy a new car or appliance. You also want to be able to qualify for credit cards with good reward programs and low fees and interest rate.


Read each statement below and indicate whether it is a good or bad reason for using debt.

a. Debt provides protection against rip-offs and fraud.

b. Debt provides financial flexibility and convenience when making payments.

c. You have unused credit available on your credit card.

d. The habit of buying on credit can lead to overspending and overindebtedness.

e. Debt provides the means to purchase big ticket products sooner rather than later

Answers

Answer: I think the answer is D

Explanation: Credit cards can give amounts that you put on there because the technology is connected to your bank account. It is good to have a limit to your credit card or otherwise you overspend and be in overdebtness later. And also you could get ripped off and overcharged with items purchased by card.

The third step of the market segmentation process is to develop a market-product grid and estimate the ___________ of the markets.

Answers

Answer: Your answer would be Size of the markets.

Hope htis helps!

A book sold 34,100 copies in its first month of release. Suppose this represents 9. 8% of the number of copies sold to date. How many copies have been sold to date? Round your answer to the nearest whole number

Answers

Answer:

347,959

Explanation:

(34100/9.8) X 100 = 347,959.18

34100 is 9.8 percent so we will get 1 percent by dividing it with 9.8. We get (3479.5918)

We will multiply it by 100 to get 100%

So we multiply (3479.5918 X 100)

We get 347,959

Anita had received some upsetting news just before beginning her shift as a waitress. All evening long, Anita was taking people's orders incorrectly. She was also having trouble listening to her manager's direction. Which reason best explains Anita's poor work performance

Answers

Answer:

because she heard an upsetting news

Answer:

Upsetting news

Explanation:

In the question, it states she had received some upsetting news. Negative news or thoughts can decrease our work performance.

With this information, we can state, the upsetting news decreased her work performance.

Michelle has four credit cards with the balances and interest rates listed below. She would like to consolidate all of her credit cards in a single credit card with an interest rate of 16% and pay off the balance in 36 months. If she did so, what would Michelle’s monthly credit card payment be? Credit Card Balance APR.

Answers

Michelle needs to pay $561.06 on all four credit cards every month to clear her dues in 36 months.

What is a credit card?

A credit card is a small plastic card issued by a bank, building society , or other financial institution that allows the holder to buy products or services on credit.

We have the given information available in this case:

   Credit Card balance     APR

$4,380 at the rate of 17%$1,365 at the rate of 19%$2,480 at the rate of 23%$5,000 at the rate of 15%

The interest on all the four cards is for 36 months that is 3 years, therefore the interest will be paid for 3 years:

For that we will be using Simple interest rate formula to calculate the interest:

[tex]\rm\,Total\,amount\,on\,Card1 = P+ \dfrac{P\times\,R\times\,T}{100}\\\\= 4,380 + \dfrac{4,380\times\,0.17\times\,3}{100} \\ \\= \$6,613.8\\\\\rm\,Total\,amount\,on\,Card2 = 1,365 + \dfrac{1,365\times\,0.19\times\,3}{100}\\\\= \$2,143.05\\\\ \rm\,Total\,amount\,on\,Card\,3 = 2,480 + \dfrac{2,480\times\,0.23\times\,3}{100}\\\\= \,\$4,191.2\\\\= \rm\,Total\,amount\,on\,Card\,4 = 5,000 + \dfrac{5,000\times\,0.15\times\,3}{100}\\\\= \$ 7,250\\[/tex]

The total sum of money that Michelle needs to pay on her credit cards:

[tex]\rm\,Total\,Amount = Total\,amount\,on\,Card\,1 + Total\,amount\,on\,Card\,2+Total\,amount\,on\,Card\,3 + Total\,amount\,on\,Card\,4\\= \$6,613.8 + \$2,143.05+\$4,191.2 + \$ 7,250\\\\= \$20,198.05[/tex]

Finally, the amount that Michelle needs to pay on a monthly basis to clear her dues on the credit card: ( Division of the total amount into 36 parts as she has to pay dues in 36 months)

[tex]\rm\,Monthly\,installment = \dfrac{Total\,Amount}{36\,months}\\\\\\\\\dfrac{\rm\,Total\,Amount}{\rm\,36\,months}\\\\=\dfrac{\rm\, \$\,20,198.05}{\rm\,36\,months}\\\\= \$561.0569\\[/tex]

Thus, the amount that Michelle has to pay every month for 3 years (36 months) to clear her credit card dues is $561.06.

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