subject
Business, 26.07.2019 01:30 gamblenyny

You have $3,750 to deposit. if you deposit the money in a savings account at your local bank, you will earn 1.75% annual interest and will be able to make atm withdrawals at your bank’s atms. if you deposit the money in an online savings account, you will earn 3.25% interest, but you will be charged $4 every time you make an atm withdrawal. assuming that your atm withdrawals do not reduce the amount of interest you earn, roughly how often must you make an atm withdrawal for the local savings account to be a better deal than the online savings account?
a. once per month
b. every three weeks
c. every two months

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 15:10
You want to have $80,000 in your savings account 11 years from now, and you’re prepared to make equal annual deposits into the account at the end of each year. if the account pays 6.30 percent interest, what amount must you deposit each year? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers: 1
question
Business, 22.06.2019 18:00
During the holiday season, maria's department store works with a contracted employment agency to bring extra workers on board to handle overflow business, and extra duties such as wrapping presents. maria's is using during these rush times.
Answers: 3
question
Business, 22.06.2019 21:00
Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be:
Answers: 3
question
Business, 22.06.2019 22:00
The company is experiencing an increase in competition, and at the same time they are building more production facilities in southeast asia. in this scenario, the top management team is most likely to multiple choice increase the cost of their products. restructure to reflect a more bureaucratic, stable organization. pull decision-making responsibility from low-level management, taking it on themselves. give lower-level managers the authority to make decisions to benefit the firm. rid themselves of all buffering product.
Answers: 3
You know the right answer?
You have $3,750 to deposit. if you deposit the money in a savings account at your local bank, you wi...
Questions
question
Mathematics, 22.09.2021 01:50
question
Mathematics, 22.09.2021 01:50
question
History, 22.09.2021 01:50
Questions on the website: 13722363