aaron is earning 5% interest on his savings account. he starts with $5,000.00. how much money will he have in 6 months?

Answers

Answer 1

Answer:

I think the answer is $1,500.

Explanation:

I hope this helps. If the answer is wrong then sorry and you don't have to give me the points. In here I think I did the calculation wrong.

Answer 2

A savings account is an interest-bearing deposit account held at a bank or other financial institution. Aaron will have approximately $5,124.51 in his savings account after 6 months.

To calculate how much money Aaron will have in his savings account after 6 months, Compound interest is to be used,

A = P{1 + r/n[tex]\left \} }nt} \atop[/tex]

Where:

A = the final amount (including interest)

P = the principal amount (starting amount)

r = the annual interest rate

n = the number of times interest is compounded yearly

t = the time period in years

Given,

P = $5,000.00 (starting amount)

r = 5% = 0.05

n = 12 (compounded monthly)

t = 6 months = 6/12

n×t = 12 × 6/12 = 6

By calculating we get,

A = 5000(1.004166)⁶

A = 5000(1.02490)

A = 5124.51

After 6 months, Aaron will have approximately $5,124.51 in his savings account.

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Related Questions

What type of federal funding is free money, but is based
on financial need only?

A.Federal grants

B.All federal scholarships

C.The 529 Plan

D.None of these are correct

Answers

Answer:

Try A. Federal Pell Grant

Answer:

answer : b

Explanation:

cauise

How is Biden an affect on America.

Answers

Through Joe Biden's foreign policy plan, America will once again lead by example, ... the disruptive impact of new technologies, and climate change.

Managers do not need to motivate employees to want to do their jobs efficiently and effectively.
O True
O False

Answers

False because I believe it is

When looking for pre-approval on a car loan you should NOT...

Answers

When looking for pre-approval on a car loan you should NOT get a loan from the car dealer directly to keep things simple.

Pre-approval occur when the lender has check or go through all the report of your credit so as to know the amount he or she will likely lend you as well as the interest rate.

Pre-approval tend to give the  borrower the assurance that he or she will be given the car loan by the lender.

It is important that you compare the pre-approval offers given to you so as to choose or select the offer that is best for you and you should avoid getting the car loan directly from the car dealer, ensure that you follow the due process.

Inconclusion when looking for pre-approval on a car loan you should NOT get a loan from the car dealer directly to keep things simple.

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Which alignment aligns text in relationship to the top and bottom margins?

Horizontal alignment
Left alignment
Right alignment
Vertical alignment

Answers

Answer:

Vertical Alignment.

Explanation:

It refers to the text alignment with respect to top and bottom margins.

Mystery of the Red Truck



By Sally Nicholls, a local reporter




It has been confirmed that late on the night of the sixth of July, a large red truck ran into the bakery on Maryland Street. After an initial investigation by police, it is now clear that the truck had no driver at all. The locals are asking a simple question: "Where was the driver?"



If the police want to solve this mystery, they will need the CCTV footage from the street. One of the locals said: "We’re all quite worried about a truck with no driver. This truck has never been seen in the neighbourhood before. If we’d seen that truck before, we’d solve this mystery now."



Many locals share the same concerns. They want to know what’s happening in their town. A witness at the crime scene told police: "There was a loud noise coming from the truck while it was going towards the building and its speed.... it was unbelievable. If it had been going

Answers

The locals didn´t know that the red truck had an old driver, so the answer is False.

To know specific data about a story we must have good reading comprehension to understand every detail of the history of the text. Some tips to improve our reading comprehension are:

Read slowly. Be analytical with the text. Take note of the details. Read daily.

These tips will help us to have better reading comprehension. Now it is time to use these tips to identify if the locals knew the truck driver, it is necessary to reread the text and pay careful attention to each of his sentences. Some phrases that can help us solve this question are:

We're all quite worried about a truck with no driver If it had been going slower, I would've had a chance to see the driver.

According to these sentences, it can be inferred that none of the locals saw the driver, so they cannot know if the driver was old or young or what characteristics he had.

Note: This question is incomplete because the text is incomplete and the question is missing. Here is the complete information:

A witness at the crime scene told police: “There was a loud noise coming from the truck while it was going towards the building and its speed.... it was unbelievable. If it had been going slower, I would’ve had a chance to see the driver. But all I saw was the truck speeding into the bakery as fast as it could. ’’

The police have already spoken with eleven other residents but no one knows any further details about the incident. Superintendent Amanda Slippers remarked: “This is a tough case. The truck licence plate belongs to this town, but nobody has seen it here. According to the town records, the owner of the truck moved away from here years ago. No one knows where to. If we located the owner, we'd probably solve this mystery.’’

If a truck moves, then it has a driver. Well, maybe we should change this basic assumption on account of this mysterious red truck.

The locals knew that the red truck had an old driver.

True

False

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How is the annual percentage rate (APR) on a loan different
from the interest rate?
O A. The APR is offered only on credit cards.
B. The APR can be compounded.
C. The APR includes interest and fees.
D. The APR differs between different lenders.

Answers

The answer to your question is C. The APR includes interest and fees

Use this example from a fixed-rate mortgage calculator to help you answer the questions. Keep the page open after you complete this question. According to the calculator, the monthly payment Demarco and Tanya should anticipate paying for principal and interest is $208. $877. $669. $1,200.

Answers

Answer:

C, $669

Explanation:

Edge 2022

The closest answer is $877, which may be the monthly payment for a different loan amount or interest rate.

What is interest rate?

The interest rate is the amount charged by the lender to the borrower in addition to the principal amount.

In terms of the receiver, a person who deposits money in any bank or financial institution earns extra money due to the time value of money, which is referred to as interest received by the depositor.

Using the provided information, we can calculate the monthly payment for the fixed-rate mortgage using a mortgage calculator.

Plugging in the numbers into a mortgage calculator, assuming monthly payments, we get:

Principal: $170,000

Term: 30 years

Interest rate: 4.25%

Thus, the calculated monthly payment for principal and interest is $834.82.

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you’ve dreaded it for a while, but now you feel prepared. in 30 minutes you’ll have to terminate tim, a 12-year employee who is beloved by everyone in the firm. unfortunately, he just hasn’t performed very well since his wife died three years ago and while he was given every chance to regain his performance, he has just continued to slide. which of the following elements of communication is least likely to influence tim’s perception of your communication effectiveness?

Answers

Pace is the elements of communication that is least likely to influence tim’s perception of your communication effectiveness

Pace in this context refers to the speed at which the message is passed across to the receiver.

Effective communication entails a conveyed information in an effective and efficient manner.

In conclusion, the Option B is correct because Pace is the elements of communication that is least likely to influence tim’s perception of your communication effectiveness

Missing options includes "A)Tone, B)Pace, C)Indirect Non-verbals, D)Formailty"

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is it more common for a firm to fail due to lack of sales or poor financial management?

Answers

Answer:

Poor financial management

Explanation:

Poor financial management.

what are the common reason firm fail financially?

The most common financial problems are (1) capital shortages, (2) inadequate cash flow management, and (3) inadequate spending management.

The most common reasons for SMEs to fail include lack of capital and funding, poor management team maintenance, flawed infrastructure and business models, and failed marketing initiatives.

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a token economy represents an application of the principles of

Answers

Based on business application, a Token economy represents an application of the principles of "operant conditioning."

What is a Token Economy?

Token Economy is the term used to describe the system of contingency management based on the systematic support of target behavior.

Generally, the Token Economy is established in a way that functions on operant conditioning and behavioral economics.

Token Economy can be categorized within applied behavior analysis.

Hence, in this case, it is concluded that the correct answer is "operant conditioning."

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Ria is an Indian student who was admitted to a US university. Her annual tuition is $42,000. She has to pay her tuition fees in US dollars. She needs to calculate how many Indian rupees she will need to buy one dollar. The dollar to rupee exchange rate is 63. 76 and rupee to dollar exchange rate is 0. 15. How many Indian rupees will Ria need to buy one dollar? A. 50. 00 rupees B. 56. 00 rupees C. 63. 76 rupees D. 76. 63 rupees.

Answers

The Ria will need 63. 76 rupees Indian Rupee to buy one dollar.

The value of the rupee in terms of the dollar is 63.76 rupees and the value of the dollar in terms of the rupee is 0.015$.

Therefore, to pay fees of the annual tuition of amount $42000, she would be paying:

[tex]\begin{aligned}1 \:\rm Dollar &= 63.76\:\rm Rupees\\42000 \:\rm Dollar &= 63.76 \:\rm Rupees \times 42000 \:\rm Dollar\\&= 26,77,920 \:\rm Rupees\end{aligned}[/tex]

Therefore, the correct option is C.

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A multidomestic company identifies a risk that regulations in some national markets will likely change over time. Such changes could impact product design and distribution in each market and have varying impacts on the company's financial success. What technique would best address the possible impacts of this risk when formulating strategic plans?

Answers

The technique that would best address the possible impacts of this risk when formulating strategic plans is: Scenario planning.

Scenario planning refers to the methods that are used in ascertaining future conditions to determine how an organization will respond to future changes.

In the case of the multi-domestic company above, an assessment is made of the future changes that might result due to the changes in regulations over a period of time.

Thus, they engage in scenario planning.

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Shaquil receives total employee benefits that are 13. 5% of his gross annual pay. If Shaquil has a gross annual pay of $40,000, how much in total employee benefits does he receive? a. $5. 40 b. $54. 00 c. $540. 00 d. $5,400. 0.

Answers

The annual total employee benefits that are received by Shaquil are $5400 during the course of an entire year's salary. So the correct option matching the quoted statements is D.

The calculation of the total employee benefits derived are simple, as all such benefits are to be summed up in total by putting the values given under the summation.

Calculation of employee benefits

The annual total employee can be calculated by using the formula for the same as given below,

[tex]\rm Total\ annual\ employee\ benefits= Annual\ Salary\ x\ Percentage\ of\ Benefits\ Received[/tex]

We have been given the information that the employee benefits derived are as 13.5%. Now we put the values given in the formula assuming that the salary $40000 remains constant.

[tex]\rm Total\ Annual\ Employee\ Benefits= \$40000\ x\ 0.135\\\\\\\rm Total\ Annual\ Employee\ Benefits= \$5400[/tex]

So we get the values that the total annual benefits of being an employee received by Shaquil will be $5400.

Hence, the correct option is D that the total annual employee benefits derived by Shaquil will be $5400.

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the use of money and credit controls to change the macroeconomy is

Answers

According to economic theory, using money and credit controls to change the macroeconomy is "Monetary Policy."

What is Monetary Policy?

Monetary Policy is the policy or method by which government controls the amount of money in circulation in an economy.

Monetary policy can increase or reduce rue money in an economy.

The three primary tools of Monetary Policy are:Reserve requirementsDiscount rateOpen market operations

Hence, in this case, it is concluded that the correct answer is Monetary Policy.

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The equilibrium quantity in markets characterized by oligopoly is:

Answers

It should be noted that equilibrium quantity in markets characterized by oligopoly is higher than in monopoly markets and lower than in perfectly competitive markets.

An oligopoly can be regarded as a market which posses a small number of firms, and these firms posses some interdependency as regards the pricing and output policies.

The equilibrium quantity in markets as regards oligopoly is different from Monopoly because the equilibrium here is usually high.

Therefore, in oligopoly equilibrium quantity in markets is usually more compare with monopoly markets.

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Consider today’s stock listing for Enam Telecom, shown below. 52 wk High 52 wk Low Symbol Div. Close Net Change 122. 86 64. 77 ENM 3. 45 99. 14 4. 74 If the lowest price in the past year occurred 48 days ago, find the approximate average change per day since then. A. $4. 74 b. $0. 72 c. $0. 49 d. $1. 34.

Answers

The approximate average change per day since the past year is $ 0.72.

As per the stock listing the given information in the context is:

52 wk high = 122.86   52 wk low = 64.77 ENM  Div. = 3.45  Close = 99.14  Net change = 4.74

It has been given in the context that the lowest price that occurred 48 days ago is  64.77 ENM

Closing Price = 99.14

[tex]\begin{aligned}\text{Net Change in Value} &= \text{Closing Price}-52 \rm wk \:\rm low\\ \text{Net Change in Value} &= 99.14 - 64.77 \:\rm ENM\\ \text{Net Change in Value }& = 34.37 \end{aligned}[/tex]

Now, compute the average change per day:

[tex]\begin{aligned}\text{Average Change per Day} &= \dfrac{\text{Total Change }}{\text{Number of Days}}\\\text{Average Change per Day}& = \dfrac{34.37}{48} = 0.716 \\\text{Average Change per Day }& = 0.72\end{aligned}[/tex]

Therefore, the correct option is b.

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A random sample of respondents would be distributed randomly, half to the experimental group and half to the control group. A pretest questionnaire would be administered to the respondents in both groups to obtain a measurement on attitudes toward Pepsi advertising, brand, and celebrity; only the respondents in the experimental group would be exposed to the TV program containing the Pepsi commercial. Then, a questionnaire would be administered to respondents in both groups to obtain posttest measures on attitudes toward Pepsi advertising, brand, and celebrity. Which of the following experimental design best represents the above scenario?

a. one-shot case study
b. one-group pretest-posttest design
c. after-only with control group design
d. before and after with control group design
e. interrupted time-series design

Answers

The experimental design which best represents the above random survey is: B. one-group pretest-posttest design.

An experimental design can be defined as a research method (concept) in which a controlled experimental factor is objectively and efficiently subjected to a special treatment (intervention), in order to compare it with a factor (controlled variable) that is kept constant. Thus, it is used to maximize precision in an experiment and to reach a specific conclusion on a hypothesis statement.

Basically, there are three (3) main types of experimental design and these include:

1. Quasi-experimental research design

2. True experimental research design

3. Pre-experimental research design

Under the pre-experimental research design, we have three (3) forms of experimental design and these are:

One-shot case study research designStatic-group comparisonOne-group pretest-posttest design

One-group pretest-posttest research design is mostly used by behavioral researchers to determine the effect of a special treatment (intervention) on a given sample of participants, especially by first utilizing a single group of participants (one-group design) before the treatment is implemented and once after the treatment is implemented.

In conclusion, a one-group pretest-posttest research design is the experimental design which best represents the above random survey.

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The penalty for nonqualified distributions from a health savings account (HSA) is __________.

Answers

If you take a non-qualified distribution, you are subject to ordinary income tax on the distribution and a 20% penalty tax. The penalty may not apply: if you are age 65 or older, if you are disabled or.

what is the total tax a person or business has to pay called?

Answers

Answer:

it all depends how much the business makes

The Johnsons are buying a house that costs $210,000 and can afford a 20% down payment. If the Johnsons want the lowest monthly payment, which loan option would you recommend? a. 30 year FHA, 3. 5% down at a fixed rate of 6. 25% b. 30 year fixed, 20% down at a fixed rate of 6% c. 30 year fixed, 10% down at a fixed rate of 6% d. 15 year fixed, 20% down at a fixed rate 5. 5%.

Answers

If the Johnsons want the lowest monthly payment, the recommended loan option is Option b.

Data and Calculations:

Cost of house = $210,000

Down payment = 20% or $42,000 ($210,000 x 20%)

Loan = $168,000 ($210,000 - $42,000)

Monthly Payments:

Option a. 30 year FHA, 3. 5% down at a fixed rate of 6. 25%:

Cost of house = $210,000

Down payment = 3.5% or $7,350 ($210,000 x 3.5%)

Loan = $202,650 ($210,000 - $7,350)

Result:

Monthly Payment = $1,247.75

Sum of all periodic payments = $449,190.33

Total Interest = $246,540.33

Option b. 30 year fixed, 20% down at a fixed rate of 6%

Cost of house = $210,000

Down payment = 20% or $42,000 ($210,000 x 20%)

Loan = $168,000 ($210,000 - $42,000)

Result:

Monthly Payment = $1,007.24

Sum of all periodic payments = $362,608.16

Total Interest = $194,608.16

Option c. 30 year fixed, 10% down at a fixed rate of 6%

Cost of house = $210,000

Down payment = 10% or $21,000 ($210,000 x 10%)

Loan = $189,000 ($210,000 - $21,000)

Result:

Monthly Payment = $1,133.15

Sum of all periodic payments = $407,934.18

Total Interest $= 218,934.18

Option d. 15 year fixed, 20% down at a fixed rate 5. 5%

Cost of house = $210,000

Down payment = 20% or $42,000 ($210,000 x 20%)

Loan = $168,000 ($210,000 - $42,000)

Result:

Monthly Payment = $1,372.70

Sum of all periodic payments = $247,086.04

Total Interest = $79,086.04

Thus, if the Johnsons want the lowest monthly payment, the recommended loan option is Option b with a monthly payment of $1,007.24.

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Johnson's should opt for a loan with interest rate of 6.25% ; period of 30 years and a down payment of 20% of the loan amount. So, the correct option that matches the query is B.

The calculation of the interest can be done by using the simple interest. Under Simple interest method, the loan is calculated only on the principal amount and not on the interest.

Housing Loans

The calculation when the down payment of 20% is made upfront the calculation will be shown as $42000. So, the interest will be charged only on the remaining balance of $168,000.

The calculation can be shown as below,

[tex]\rm Amount= \dfrac{Principal\ x\ Rate\ of\ Interesr\ x\ Time}{100}\\ \\\\ \rm Amount= \dfrac{168000\ \rm x\ 6\ \rm x\ 360}{100}\\ \\ [/tex]

The interest to be paid each year will be calculated as under for a total number of 30 years.

[tex]\rm Interest\ per\ Year= \dfrac{36288}{30}[/tex]

So total interest to be paid each year will be $1209.6 which is lower than all the other options available in the hands of Johnson's.

Hence, the correct option is B that it would be beneficial for Johnson's to opt for 20% down payment at an interest rate of 6% and for a period of 30 years.

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If Honduras wanted to trade goods with China, how would they negotiate the treaty? A. Through the WTO B. At a meeting of business executives C. Through representatives elected from each country D. Through a multinational corporation.

Answers

Answer: they would do it though A, the WTO. hope this helps!

Explanation:

Answer:

A

Explanation:

If an owner-occupied home is totally destroyed without fraud by a fire, the amount of the loss is based on:

Answers

It should be noted that if an owner-occupied home is totally destroyed without fraud by a fire, the amount of the loss is based on policy limit.

A policy limit can be regarded as the monetary amount that is required to be paid by insurance company with respect to a specific insurance policy claim.

Therefore, in case of an owner-occupied home is totally destroyed without fraud by a fire, this loss is policy limit.

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What type of transportation is used for mass movement of bulk cargo in the Philippines considering that it is an archipelago.

Answers

Answer:

It is a container ship because Philippines is an archipelago which means it is surrounded by water and a container ship is the only way to transport bulk cargo in and out of Philippines.

the amount of output in a specific amount of time with a given amount of resources is referred to as:

Answers

Based on the definition described above, the best answer would be Productivity.

Productivity in business is:

The amount of goods produced in a certain amount of time.Based on a limited number of resources.

The productivity of a company is what most impacts its success because the higher the productivity, the more goods can be produced and sold to make more profit.

In conclusion, the answer is productivity.

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On December 28, Kerr Manufacturing Co. purchased goods costing $50,000. The terms were F.0.B. destination. Some of the costs incurred in connection with the sale and delivery of the goods were as follows.

Packaging for shipment $1,000
Shipping 4,500
Special handling charges 2,000

These goods were received on December 31. In Kerr's December 31 balance sheet, what amount of cost for these goods should be included in inventory?

Answers

Answer: $50,000


Explanation: This is why I believe the answer is $50,000
- When the shipping terms are FOB
destination, the seller has the responsibility of all costs of
transporting the goods to the buyer.
Therefore, the seller is responsible for the
payment of packaging costs ($1,000),
shipping costs ($4,500), and the special
handling charges ($2,000). The only
amount to be included as the buyer's cost
of the inventory purchased is the purchase
price ($50,000).

Jensen Manufacturing Corp wants to buy land for a distribution center in a new industrial park near Oakland International Airport. They made their offer in the name of Western Associates, LLC so as to not alert their competitors of the attempted purchase. Jensen Manufacturing is which type of principal?

Answers

Based on the information given regarding Jensen Manufacturing Corp, it can be deduced that it's a partially disclosed principal.

A partially disclosed principal simply means a principal whose agent reveals that he has a principal but the true identity of the person isn't known.

From the information given, since Jensen Manufacturing Corp wants to buy land for a distribution center in a new industrial park near Oakland International Airport and made their offer in the name of Western Associates, LLC so as to not alert their competitors of the attempted purchase. This is a partially disclosed principal.

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What role does competition play in business and global trade?

Answers

Answer:

Its always a competition

Explanation:

People use to complete on how the world gets and receives items same in business, companies compeate all the time trying to get the most money, visitors, and promotions.

Which of the following is the best thing to consider when making comparisons between job offers? a. Gross pay b. Total employee benefits c. Total job benefits d. Total employment compensation.

Answers

The best thing that can be considered while making comparisons between job offers is that the total job benefits must be taken into consideration. So, the correct option is C.

Total job benefits refers to the benefits including and other than salaries that an employee gets from different job offers at a given period of time, which may or may not include perks.

Benefits of a job

Total job benefits implies that what are the in all benefits an employee may reap by accepting such job offer by intimating his positive interest to the employer or recruiter.

The total job benefits include salaries and other perks like vehicle facility, accommodation, health and education expenses of family members and other perks as may be specified by the employer.

The employee has to be rational while choosing the right job offer. If a company offers $10000 salary without any perks can be avoided for a job offering $7500 but with car and a house and education expenses.

Hence, the correct option is C, that a person must take into consideration his total job benefits given by two different job offers.

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Answer:

C is correct

Explanation:

Edge Carrer Prep

of all leadership variables, _____ leadership is the one most universally endorsed across cultures.

Answers

Answer:

transformational

Explanation:

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