In July 2016, American Express offered its customers a money market savings account at a rate of .90%. Assume the account compounded interest monthly and the principal is $100,000.
Q. Find the APY.

Answers

Answer 1

The annual percentage yield (apy) for the money market savings account is approximately 0.

to find the annual percentage yield (apy) for the money market savings account, we can use the formula:

apy = (1 + periodic interest rate)ⁿ - 1

where the periodic interest rate is the annual interest rate divided by the number of compounding periods in a year, and n is the number of compounding periods in a year.

in this case:

annual interest rate = 0.90% = 0.009 (converted to decimal)

number of compounding periods in a year = 12 (monthly compounding)

periodic interest rate = 0.009 / 12 = 0.00075

apy = (1 + 0.00075)¹² - 1

apy = (1.00075)¹² - 1

apy ≈ 0.00943 or 0.943% (rounded to three decimal places) 943%.

Learn more about interest here:

https://brainly.com/question/30393144

#SPJ11


Related Questions

which word best describes the writing process in business writing ?

Answers

Answer: Brainstorm Pre-write. Write rough draft. Peer-review. Revise ideas. Edit Publish Establish constructive purposes for student writing. Find real audiences, beyond the teacher, for students' writing

what country is home to the world’s oldest continuously-operating business?

Answers

Answer:

Japan is the home to the worlds oldest operating Bush

Users of managerial accounting information include ______. (select all that apply) multiple select question. department managers potential investors internal revenue service the chief financial officer

Answers

The user of managerial accounting information includes:

department managersthe chief financial officer

What is managerial accounting information?

Managerial accounting information can be defined as the gathered information which managers use during decision making process.

The users of this information are department manager and the chief financial officer.

Therefore the correct option is A, D.

Learn more about Managerial accounting information here:https://brainly.com/question/14339826

#SPJ6

the united states-mexico-canada agreement renegotiated nafta and requires automakers to produce _____ of a vehicle's content in north america to qualify for zero tariffs.

Answers

The United States-Mexico-Canada Agreement (USMCA) is a trade agreement that was negotiated to replace the North American Free Trade Agreement (NAFTA).

One of the major changes introduced in the USMCA was the requirement for automakers to produce a certain percentage of a vehicle's content in North America to qualify for zero tariffs. Specifically, the USMCA requires that automakers produce 75% of a vehicle's content in North America, up from the previous requirement of 62.5% under NAFTA. This increase in the content requirement is intended to encourage automakers to source more parts from North America and support the growth of domestic industries. The USMCA also includes a requirement that 40-45% of a vehicle's content must be produced by workers earning at least $16 per hour. This provision is aimed at reducing the incentives for automakers to move production to low-wage countries and promote higher wages for workers in North America. Overall, the new content requirements under the USMCA aim to strengthen the North American automotive industry and promote economic growth across the region. By encouraging greater regional integration and promoting fair competition, the USMCA is expected to support increased trade and investment in North America and contribute to the long-term prosperity of the region.

Learn more about automotive here:

https://brainly.com/question/29630736

#SPJ11

Accroding to lapena what is the importance of the oral tradition?
to what extent do you agree with his opinions why?

Answers

Answer:

Oral tradition is a form of human communication that transmits knowledge, ideas, culture, thoughts, beliefs and other issues of social or ideological nature through verbal communication. Therefore, this was the main means of knowledge transmission in pre-literate societies, where older generations transmitted their knowledge to younger people, and also an important aspect in literate societies in parallel with written literature.

Therefore, since it is the first means of transmitting knowledge, and is still applied today in smaller social groups such as the family, oral tradition is a fundamental part in the construction of knowledge and people's identity.

Which financial statement reports a firm's assets, liabilities, and equity at a particular point in time?
A. Balance Sheet
B. Income Statement
C. Statement of Retained Earnings
D. Statement of Cash Flows

Answers

This is on the income statement. About to finish my accounting class

Please mark brainliest

which of the following is not a reason that a manager should be familiar with the porter five forces model? multiple choice it clarifies whether your firm should remain in or exit an industry. it helps justify changes in resource allocation. it suggests methods for discouraging new rivals from competing against your firm. it identifies which demographic trends will be most important in the short term.

Answers

It identifies which demographic trends will be most important in the short term is not a reason that a manager should be familiar with the porter five forces model.

Although it is beneficial for managers to be familiar with the Porter Five Forces Model, it is important to note that this model is not designed to identify which demographic trends will be most important in the short term.

Rather, this model is intended to provide an overview of the competitive environment by analyzing the power of buyers and suppliers, the potential for new entrants, the impact of substitutes, and the rivalry between existing firms. By understanding these five forces, a manager can assess the industry landscape and make more informed decisions.

Hence, the correct option is "It identifies which demographic trends will be most important in the short term."

To know more about demographic, click here.

https://brainly.com/question/13146758

#SPJ4

why are medical related professions and human resources important?​

Answers

Answer:

because sometimes they help us to get some medicine which can be used to cure a particular disease

make a list of profession and identify their levels​

Answers

i will send you in messenger

What is the meaning of business opportunity

Answers

Answer:

A business opportunity (or bizopp) involves sale or lease of any product, service, equipment, etc. that will enable the purchaser-licensee to begin a business. ... This is different from the sale of an independent business, in which there is no continued relationship required by the seller.

hope this help you!! ;)))

PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE

Owen wants to start a tutoring business. He has a space rented and a lot of ideas, but he has no employees who can tutor the students. Which category of economic resource does he require?





labor





entrepreneurial ability





land

Answers

Answer:

entrepreneurial ability

Sorry, no one answered your question sooner, hope that helps.

labor <><><><><><><><><><><><>

What is the most common setup for a scaled agile framework program increment in terms of iterations?

Answers

An Agile Release Train (ART) offers incremental value in the form of functional, tested software and systems throughout a timebox known as a Program Increment (PI).

PIs normally last 8 to 12 weeks. Iterations in SAFe typically last one to two weeks, with two being the most normal. For Program teams to produce an increment of value and to improve those already created, iterations offer a regular, predictable cycle. Agile iterations can be from one week to one month, but they can also be shorter or longer. There is no magic number for iteration time; instead, it depends on the team's pace. A normal iteration would last two weeks.

To learn more about Agile, click here.

https://brainly.com/question/30126132

#SPJ4

Four development iterations  for a scaled agile , followed by one iteration of innovation and planning (IP), make up the most typical pattern for a PI.

They want to make software that is faster, more inexpensive, and better. With the help of agile methodologies, teams may work more effectively and efficiently while delivering the highest-quality product within the constraints of the budget. Adopting agile methodologies eliminates the potential for having to spend a lot of time when revisions are required. It enables teams to work directly with clients as opposed to partnering with other teams. This gradually provides a defined outcome and a focused goal. Agile lets teams offer value to their clients more quickly and with fewer difficulties through an iterative approach to project management and software development

Learn more about agile from

brainly.com/question/30126132

#SPJ4

identify the characteristics of an enterprise resource planning (erp) system. (check all that apply.)

Answers

Note that the characteristics of an enterprise resource planning (ERP) system are given below:

Integration,Flexibility andTransversality.

What is an ERP?

The integrated administration of major business operations, frequently in real-time and mediated by software and technology, is referred to as enterprise resource planning.

There are three primary types of ERP systems, each with its own deployment approach. Cloud ERP, on-premise ERP, and hybrid ERP are the most prevalent types of ERP systems.

Integration, as indicated above, refers to the linkages that exist between corporate processes as well as between organizational levels.

The capacity of an organization to adapt positively and swiftly to changing conditions in its environment utilizing its present resources, as well as its ability to absorb the introduction of new goods and technology, is referred to as its flexibility.

Transversality relies heavily on the idea of the process. It is generally described as a chain of operations that repeatedly change inputs into outputs. The emphasis is on value-added activities, simplicity of repetition, and client attention.

Learn more about ERP:
https://brainly.com/question/13945630
#SPJ1

After adjusting your seat, your _____ should be as close as possible to the backrest.
A. hands
B. arms
C. bottom
D. legs

Answers

Answer:

C. Bottom is the answer

Explanation:

My parents would always yell at me to scooch backwards in the car if I was leaning too far forward. I don't need to know how to drive to know this.

This is a question about driving right? Lol, cause if it's not, sorry.

Which is a disadvantage of withdrawing more money than is available in a checking
account?
a) late payment fee
b) overdraft fee
c) interest fee
FIRST ANSWER GETS BRAINLIEST

Answers

Answer: Your answer is B. Overdraft fee

Explanation:

B. Overdraft fee

May I have brainliest please? :)

Northweatem estimates iss annual holding coet for this dem to be 325 per anit per year. Thet oost to place and process an crder trum the suiphimf is 32 . 51 . The company operates 300 days per year, and the lend time to rechive an order from the Huspiar is 2 working day . What is the aconomic order quantity?

Answers

Given Data: Northweatem estimates its annual holding cost for this dem to be $325 per unit per year.

The cost to place and process an order from the supplier is $32.51.The company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days.To find: What is the economic order quantity? The formula for Economic order quantity is: EOQ = √((2DS)/H)Where,D = Annual Demand = 3000 units S = Cost of placing and processing an order = $32.51 H = Annual Holding cost per unit = $325 per unit per year.

Substitute the values of D, S, and H in the above formula,EOQ = √((2 x 3000 x $32.51) / $325)EOQ = √(1950.6) EOQ = 44.15 units (approx)Therefore, the Economic order quantity is 44.15 units (approx).Hence, the correct option is 44.15 units.

to know more about cost visit
https://brainly.com/question/33107025
#SPJ11

true or false: if alternatively femi's hooknladder were a competitive firm and $105,000 were the market price for an engine, decreasing its price from $105,000 to $90,000 would result in the same change in the production quantity and, thus, total revenue

Answers

Finance/Administration Section Major Activities (5)

False. If Femi's Hooknladder were a competitive firm and $105,000 were the market price for an engine, decreasing its price from $105,000 to $90,000 would not necessarily result in the same change in the production quantity and total revenue.

In a competitive market, firms are price-takers and have no control over the market price. If Femi's Hooknladder lowered its price to $90,000, it may attract more customers and increase its sales, but it may also face more competition from other firms, which could limit its ability to increase production and total revenue. Furthermore, the change in production quantity and total revenue would depend on the price elasticity of demand for Femi's Hooknladder's engines. If the demand for the engines is relatively elastic, a decrease in price could lead to a larger increase in quantity demanded and total revenue. However, if the demand is relatively inelastic, the increase in quantity demanded and total revenue may be smaller.

Learn more about Hooknladder here:

https://brainly.com/question/31601775

#SPJ11

One definition of ____ is borrowing money to make a large purchase with the
assumption that you will pay it back later.
A. credit
B. capital gain
C. investment
D. debit

Answers

Credit  is borrowing money to make a large purchase with the assumption that you will pay it back later Option(a) is correct.

What does Credit means?

Credit is the trust which permits one party to give cash or assets to another party wherein the subsequent party doesn't repay the main party right away.

Credit cards turned out to be generally conspicuous during the 1900s. Bigger organizations started making chains with different organizations and utilized a credit card as a method for making installments to any of these organizations.

The organizations charged the cardholder a specific yearly expense and picked their charging techniques while each taking an interest organization was charged a level of all out billings.

Bank-gave credit makes up the biggest extent of credit in presence. The customary perspective on banks as middle people among savers and borrowers is erroneous.

Therefore Option(a) is correct.

Learn more about Credit here:

brainly.com/question/1475993

#SPJ2

what is it called when the government uses some tool other than money to allocate goods?

A. rationing

B. supply management

C. disequilibrium

D. resource allocation​

Answers

A
Its rationing easily

Gnomes R Us just paid a dividend of $1.94 per share. The company has a dividend payout ratio of 45 percent. If the PE ratio is 17.3 times, what is the stock price?

Answers

The stock price for Gnomes R Us is $74.63.

To find the stock price, we first need to calculate the company's earnings per share (EPS) based on the given PE ratio.
PE ratio = Stock price / EPS
Rearranging the formula, we get:
EPS = Stock price / PE ratio

Now, let's find the EPS:
EPS = Stock Price / 17.3
Next, we can use the dividend payout ratio to find the EPS that was used to pay the dividend:
Dividend payout ratio = Dividend per share / EPS
Rearranging the formula, we get:
EPS = Dividend per share / Dividend payout ratio

Plugging in the values we know:
EPS = 1.94 / 0.45
EPS = 4.31
Now we can use the EPS we just calculated to find the stock price:
Stock price = EPS x PE ratio
Stock price = 4.31 x 17.3
Stock price = $74.63
Learn more about "Dividend payout ratio" at https://brainly.com/question/16200407

#SPJ11

_____ is an emerging retailing trend that employs market data to best serve customers as they prepare to make a purchase
A. Channel omnification
B. Click-and-collect
C. Shopper marketing
D. Cloud computing

Answers

B or C is the correct answer hope this helps


9. If you found that you were in financial trouble because of credit and had great difficulty paying your monthly bills, what would you do?

Answers

Answer:

You would have to cut down on some luxuries, like lots of foods, amusement parks, shopping trips, etc. If you have have extra hours, work more hours, quite possibly take another job.

Explanation:

How long does it take after the irs accepts your refund.

Answers

it take 6 to 8 week in order to accept your refund

what is the type of occupation of densist​

Answers

Answer:

Dentist is an occupation related to dental/tooth disease.

Explanation:

It is an occupation related to dentistry which is in the field of health.


When does the price of an item increase?

Answers

Answer:

WHEN TAXES GET HIGH

Explanation:

ZASXSXSXSXSSXSXSXSXSX

Answer:

THE PRICE INCREASE when it have cent

Explanation:

2.01 plus taxes

anyone know about the air force like seriously anything?

Answers

Answer:

Pararescue is a dangerous job because you are ordered to put your life on the line to save someone else's. Even a slight malfunction in a parachute can have deadly consequences for the airman, as reported by the Air Force Times in 2020, a longstanding source of Air Force news.

Scenario 1
Aiden's car is 12 years old and he's worried it might break down, so he's trying
to save three months of expenses for unexpected repairs, while also saving for
a new car. What are the best savings strategies for Aiden so he can keep his
money accessible for repairs, but also save for a new car?

Answers

Answer:

Aiden can open a savings account that does not have restriction on withdrawals and does not have minimum balance requirement

Explanation:

Aiden is trying

to save three months of expenses for unexpected repairs, while also saving for

a new car.

This will require frequent withdrawals for unexpected repairs on his old car. Also he will need to make frequent deposits into the account as he is saving for a new car.

The best account option for Aiden will be to get a savings account that will allow him withdraw as much as possible for repairs and also he will not be charged because of frequency of withdrawals

which one of the five c’s of credit refers to a customer’s willingness to pay its bills?

Answers

The one of the five C's of credit that refers to a customer's willingness to pay its bills is character.

What does this refer to?

Character refers to the borrower's reputation for paying bills on time, their level of responsibility, and their overall credit history.

Lenders consider a borrower's character as an important factor in determining their creditworthiness because it gives an insight into the borrower's behavior when it comes to managing credit.

Lenders typically use credit reports and credit scores to assess a borrower's character.

A borrower with a good credit history and a high credit score is considered to have a good character and is more likely to be approved for credit with favorable terms and rates.

To Know more on Credit visit:

https://brainly.com/question/1475993

#SPJ11

Tony, Juan, and Isabel live in a city where the combined state and local sales tax rate is 8%. They each purchased the same computer and paid $160 in sales tax. A 5-column table has 3 rows. The first column has entries Tony, Juan, Isabel. The second column is labeled Income with entries 10,000, 50,000, 75,000. The third column is labeled Cost of computer with entries 2,000, 2,000, 2,000. The fourth column is labeled Sales tax paid with entries 160, 160, 160. The fifth column is labeled tax rate with entries 1.6 percent, 0.32 percent, and 0.21 percent. This scenario describes a tax system. Isabel pays Tony and Juan on the computer. pays the highest tax rate on the computer. would be the most affected by an increase in the sales tax rate.

Answers

Answer:

Tony pays the highest tax rate on the computer, not based on the nominal sales tax rate, but on the percentage that the tax represents of his total income.

His income is $10,000, and he pays $160 in sales tax, for an effective rate of 1.6%.

The person who would be the most affected by an increase in the sales tax rate is again, Tony, simply because he has the lowest income. Juan and Isabel would also be affected by a sales tax increase, but on a much lower scale (because their incomes are also a lot larger).

a) The scenario described by the 5-column table with 3 rows showed that Tony paid the highest tax rate (effective) on the computer, based on his income level.

b) Tony would be the most affected by an increase in the sales tax rate because his effective tax rate would increase, causing him to suffer the most.

What is a sales tax?

A sales tax is a proportional tax that charges the same percentage on the consumption of goods and services without considering a person's income level.

Data and Calculations:

Tax Payer    Income      Cost of Computer   Sales Tax Paid   Tax Rate

Tony          $10,000              $2,000                      $160           1.6%

Juan           50,000                 2,000                        160           0.32%

Isabel         75,000                 2,000                        160           0.21% ($160/$75,000 x 100)

Thus, this scenario of a tax system illustrates that sales tax is not progressive, but it is proportional since it is based on consumption and not income level.

Learn more about sales taxes at https://brainly.com/question/9437038

What is a mutual fund

Answers

Answer: A mutal fund is a professionally managed investment fund that pools money from many investors to purchase securities. the term is typically used in the United States, Canada, and India while simular structures across the globe include the SICAV in Europe and open-ended investment company in the UK.

Explanation:

Mutual eow eieité gòïèß błack
Other Questions
Which group directly benefits from subsidies ? Twenty-five years ago, mastercard created its iconic "priceless" marketing campaign with major league baseball. Name the only mlb corporate sponsor with more tenure than mastercard. 2. a. Draw and label an energy diagram similar to the one shown in the sample problem for a reaction in which E= 125 kJ/mol and E' = 86 kJ/mol. Place the reactants at energy level zero. b. Calculate the values of AE, forward and AEreverse. c. Is this reaction endothermic or exothermic? Explain your answer. 3. a. Draw and label an energy diagram for a reaction in which E= 154 kJ/mol and AE136 kJ/mol. b. Calculate the activation energy, E, for the reverse reaction. C, G, and D are collinear. E, G, and F are also collinear. The two linesintersect at point G. Line EF bisects line CD. Find EG: if CG=5x-1, GD=7x-13, EF=6x-4, and GF=13. bag a contains 3 red, 6 black, and 6 white balls, and bag b contains 4 red, 5 black, and 8 white balls. a bag is selected at random, and a ball is drawn. if the ball is white, what is the probability that bag b was selected? (enter your probability as a fraction.) Write the equation of the line perpendicular to y = 8 - 5z that contains the point (0, 0) . Fill in the slope and y-intercept Read the following passage and determine which of the synonyms has a connotation that matches the tone.The joyful little lamb has always lived at a sanctuary, so he enjoyed being around humans. He hopped and ran just like a puppy, head-butting his human friends because it ________ him. antagonized bothered delighted interested is the monitor th e strongest link in the digital imaging chain Megan bought a box of 30 cookies. She ate 1/3 ofthem. What is the total number of cookies thatMegan ate? For section 1, identify the rhythm by selecting the single best answer.Choose the correct option and select submit.J. Sinus bradycardiaA. Agonal rhythm/asystoleF. Polymorphic ventriculartachycardiaK. Sinus tachycardiaB. Atrial fibrillationG. Pulseless electrical activityWake UpL. Supraventricular tachycardiaC. Atrial flutterH. Second-degree atrioventricularblock (Mobitz I Wenckebach)M. Third-degree atrioventricularblockD. Monomorphic ventriculartachycardia1. Second-degree atrioventricularblock (Mobitz Il block)3 of 62MacBook Air Business Automation Experts (BAE) develop computer systems forbusinesses. What would be the best reason for BAE to use teams instead ofindividuals?A. Salespeople working in teams would not have to be as self-disciplined. B. Teams could bring together different skills for understanding andmeeting client needs.C. Teams of salespeople would not require any training time orexpense.D. Teams of salespeople could carry out their work without anymeetings.SUBMIT a patient with muscle ache would like to use an over-the-counter nonsteroidal anti-inflammatory drug (nsaid). the patient informs a nurse that he is taking antihypertensive drugs for blood pressure control. why should the nurse caution the patient against the use of an nsaid while on antihypertensive drug therapy? Which do you think is the most important of Aristotle's artistic proofs? Explain your answer. Suppose that 15 inches of wire cost 45 cents. At the same rate, how much (in cents) will 37 inches of wire cost? different between national park and conservation area A matrix A has the following LU factorization A = [1 0 1 -2 1 0 -1 2 1] [2 3 4 0 -4 3 0 0 -1], b = [4 17 43] To find the solution to Ax = b using the LU factorization, we would first solve the system LY= [] and then solve the system Ux= [] the second system yields the solution x = [] 78.4 divided by 0.56 a travel agency wants people to go on a tour of a mountain region with many glaciers. write a paragraph for a travel brochure describing what people will see on the tour. in your answer, include features formed by glacial erosion and depositionGod bless, stay safe, and happy holidays! :) Help pls Use the data from the table to create a scatter plot. Plot all the data points from the table.Variable A 1 4 2 3 5 1 3 7 6 6 2 9 7 5 8Variable B 6 6 1 6 7 4 4 7 5 3 5 25 21 4 4 Did the narrator in the tell tale heart display the existence of a mental illness?