subject
Business, 17.06.2020 16:57 marchellepenuliar

Jamie deposits $1,000 into an account paying 6 percent interest, compounded annually. At the same time, Amy deposits $1,000 into an account paying 3 percent interest, compounded annually. Over a 5 year period:.a. Both Jamie and amy will earn same amount of money. b. Jamie will earn exactly twice the amount of interest that Amy earns. c. Amy will earn exactly twice the amount of interest that Jamie earns. d. Jamie wirn somewhere between 1 and 2 times the amount of interest that Amy earns. e. Jamie will earn more than twice the amount of interest that Amy earns.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 02:00
Kenney co. uses process costing to account for the production of canned energy drinks. direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. equivalent units have been calculated to be 19,200 units for materials and 16,000 units for conversion costs. beginning inventory consisted of $11,200 in materials and $6,400 in conversion costs. april costs were $57,600 for materials and $64,000 for conversion costs. ending inventory still in process was 6,400 units (100% complete for materials, 50% for conversion). the total cost per unit using the weighted average method would be closest to:
Answers: 2
question
Business, 22.06.2019 09:30
The 39 percent and 38 percent tax rates both represent what is called a tax "bubble." suppose the government wanted to lower the upper threshold of the 39 percent marginal tax bracket from $335,000 to $208,000. what would the new 39 percent bubble rate have to be? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places,e.g., 32.16.)
Answers: 3
question
Business, 22.06.2019 19:10
After the price floor is instituted, the chairman of productions office buys up any barrels of gosum berries that the producers are not able to sell. with the price floor, the producers sell 300 barrels per month to consumers, but the producers, at this high price floor, produce 700 barrels per month. how much producer surplus is created with the price floor? show your calculations.
Answers: 2
question
Business, 22.06.2019 20:10
Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%
Answers: 2
You know the right answer?
Jamie deposits $1,000 into an account paying 6 percent interest, compounded annually. At the same ti...
Questions
question
Biology, 07.12.2020 18:10
question
Spanish, 07.12.2020 18:10
Questions on the website: 13722366