What is the average rate of return on a standard savings account?.

Answers

Answer 1

The average rate of return on a standard savings account varies depending on several factors such as bank policies, the country of investment, the deposit amount, and the economy's prevailing interest rates.

In the United States, the average interest rate on a savings account ranges from 0.01% to 0.06% per annum.The Federal Reserve Bank has maintained low-interest rates for the past few years to encourage borrowing and investment. This policy, however, has made it hard for investors to earn substantial returns on their savings accounts. Some banks and credit unions may offer higher returns or bonuses, but they may require high minimum deposit requirements or charge fees. Therefore, it's crucial to research the available options and compare them before choosing a savings account to ensure that the account provides competitive returns with manageable costs.

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Related Questions

Selena has been working at her first post-college job for almost a year when her company gives her a well deserved raise, resulting in a paycheck increase of $350 (after taxes), for a total of $700 extra in take-home pay every month. She makes a quick list of possible ways to use that money, along with relevant notes for each.

Answers

Here are some possible ways Selena could use the extra $700 in take-home pay:

1) Save for emergencies: Selena could set aside some of the extra money in a savings account to use in case of emergencies, such as unexpected car repairs or medical bills. This can help her feel more financially secure and prepared for the future.

2) Pay off debt: Selena could use the extra money to pay off any outstanding debts, such as credit card balances or student loans. This could help her reduce her monthly expenses and improve her credit score.

3) Invest in retirement: Selena could consider using some of the extra money to invest in a retirement account, such as a 401(k) or IRA. This can help her save for the future and potentially earn more money through compound interest over time.

4) Save for a big purchase: Selena could set aside some of the extra money to save up for a specific purchase, such as a down payment on a house or a new car.

5) Treat herself: Selena could use some of the extra money to treat herself to something she's been wanting, such as a vacation or a new piece of technology. This can help her feel more rewarded and motivated.

6) Donate to charity: Selena could choose to donate some of the extra money to a charitable organization or cause that is important to her. This can help her give back and make a positive impact on the world.

You currently have $39471.01 in an account that pays 5 percent interest. You plan to deposit in this account $3581 at the end of each year until the account reaches $124578. How long would that take? Enter your answer with 4 decimals

Answers

To find out how long it would take for the account to reach $124,578, we can use the formula for the future value of an ordinary annuity:

FV = PMT * [(1 + r)^n - 1] / r

Where:

FV = Future value of the annuity ($124,578)

PMT = Amount deposited at the end of each year ($3,581)

r = Interest rate per period (5% or 0.05)

n = Number of periods (unknown)

Substituting the given values into the formula:

$124,578 = $3,581 * [(1 + 0.05)^n - 1] / 0.05

Now, let's solve for n. We can rearrange the formula to isolate n:

[(1 + 0.05)^n - 1] / 0.05 = $124,578 / $3,581

[(1.05)^n - 1] / 0.05 = 34.7572

Now, we can use logarithms to solve for n:

(1.05)^n - 1 = 0.05 * 34.7572

(1.05)^n - 1 = 1.73786

(1.05)^n = 2.73786

Taking the logarithm of both sides with base 1.05

n * log(1.05) = log(2.73786)

n = log(2.73786) / log(1.05)

Using a calculator, we find that n ≈ 12.5351.

Therefore, it would take approximately 12.5351 years for the account to reach $124,578.

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give at least five information needed for get arrival list​

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Answer:

Can you give more details?

if you have a net spendable income of 1,450 per month, what is the maximum amount of money you should spend on entertainment each month

Answers

$420 is the correct answer however if you are not conservative $69 might be a good choice.

if you are paying for the actual time your attorney spends on your legal matter, you are being charged a(n):

Answers

You are being charged an hourly fee if you are paying for the real time your lawyer spends working on your case.

An attorney is a person who is designated to represent another in commercial or legal concerns. They are often lawyers.

Is a lawyer also an attorney?Attorneys, on the other hand, can only consult with, advise, and assist their clients while practising law, as opposed to an attorney who can also pursue lawsuits against defendants and represent clients in court in addition to providing legal counsel and assistance.Attorneys offer clients advice and counsel in civil and criminal cases. They represent their clients in court by presenting qualified counsel, preparing court documents, and appearing personally.

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How many employers ask that employees be skilled in communication and handling money? 47 50 67 86

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Answer:47

Explanation:..

entperise opportunities ​

Answers

Explanation:

A business opportunity (or bizopp) involves sale or lease of any product, service, equipment, etc. ... The licensor or seller of a business opportunity usually declares that it will secure or assist the buyer in finding a suitable location or provide the product to the purchaser-licensee.

hope this helps you.

PLS HELP ME :(

What causes the national debt to increase?
A. The federal government borrowing money from other countries
B. The value of goods imported into the country greatly increasing
C. The Federal Reserve setting a higher discount rate for banks
D. The national unemployment rate rising for consecutive quarters

Answers

Answer:

im pretty sure it would be A

Explanation:

the answer is A
hope that helps

Two raiseto power three over four plus three raiseto power three over ten minus one raiseto power seven over right

Answers

Two raiseto power three over four plus three raiseto power three over ten minus one raiseto power seven over right

than  the answer is approximately 2.3351.

To answer your question, we need to simplify the expression you provided. We can use the order of operations (PEMDAS) to make sure we do the operations in the correct order.

First, we need to simplify the exponents. Two raised to the power of three over four is the same as the fourth root of two cubed, which is the fourth root of eight. Similarly, three raised to the power of three over ten is the same as the tenth root of three cubed, which is the tenth root of twenty-seven. Lastly, one raised to the power of seven is just one.

Now we can substitute these simplified values into the expression: fourth root of eight plus tenth root of twenty-seven minus one.

We can further simplify the radicals by finding their decimal approximations: the fourth root of eight is approximately 1.6818 and the tenth root of twenty-seven is approximately 1.6533. Substituting these values, we get:

1.6818 + 1.6533 - 1 = 2.3351

So the final answer is approximately 2.3351.

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Which of the following steps is most effective in protecting yourself from identity theft? a. Throw away credit card applications in the garbage. B. Shred all mail with personal information before discarding it. C. Place your old bank statements in the recycle bin. D. Carry all your passwords in your wallet or purse. Please select the best answer from the choices provided. A B C D.

Answers

The most effective step in protecting yourself from identity theft is to shred all mail with personal information before discarding it. This ensures that sensitive information cannot be accessed by identity thieves.

Identity theft is a serious concern, and taking proactive measures to protect personal information is crucial.

Among the options provided, shredding all mail with personal information before discarding it is the most effective step.

This prevents unauthorized individuals from gaining access to sensitive data such as bank account numbers, Social Security numbers, or credit card information. Simply throwing away credit card applications or placing old bank statements in the recycle bin can expose personal information to potential identity thieves.

Carrying all passwords in a wallet or purse is also risky, as losing the wallet or purse would give easy access to all accounts. Therefore, shredding mail with personal information provides an added layer of security and minimizes the risk of identity theft.

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an increase in investment by americans in canada will have which of the following immediate effects? select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a an increase in the u.s. financial account surplus b a decrease in the u.s. financial account surplus c an increase in the u.s. financial account deficit d a decrease in the u.s. financial account deficit e an increase in the u.s. current account deficit

Answers

An increase in investment by Americans in Canada will have a decrease in the U.S. financial account surplus.

An investment is what?

An investment is a trade undertaken with the hope of earning money or increasing capital. Appreciation is the term for an asset's value rising over time. When someone invests in a product, they do not aim to use it for direct consumption rather as a means of generating money in the future.

How does investing function?

We deposit funds into an account or fund with the intention of making a profit in order to invest. Over time, investing may yield higher returns (which may also involve more risk). For this reason, some people use investing to achieve long-term objectives like retirement.

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In general, and statistically speaking, most new products are in:

A.
eco-friendly upcycling.
B.
construction and manufacturing.
C.
beauty and personal wellness.
D.
education and academics.

Answers

In general, and statistically speaking, most new products are in beauty and personal wellness.

What is the meaning of products

Anything you offer to fulfill a customer's need or desire is a product. They could be real or imaginary. A physical product can be either durable (such as vehicles, furniture, or computers) or nondurable (like food and beverages).

What do basic products entail?

The simplest type of product is one that is a physical good with a straightforward SKU. Simple products can be sold alone, as grouped, bundle, or customizable products, or both.

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Answer:c beauty and personal welness

Explanation:

my new oc -w-.......................................................

my new oc -w-.......................................................

Answers

Answer:

nice...

Explanation:

If you are into monitoring social media platform messaging with the right voice, reading feedback well, turning raw data into useful information, and carrying on conversational communication, then you might just be perfect for a __________ public relations position.

Answers

If you possess the skills of monitoring social media platforms, analyzing feedback, converting raw data into actionable insights, and having effective communication skills, then a social media public relations position might be perfect for you.

In this role, you would monitor social media platforms to ensure your company maintains a consistent voice and responds to feedback effectively. Your tasks include analyzing raw data and transforming it into valuable insights, which helps improve your company's online presence.

Engaging in conversational communication with your audience is also essential, as it helps foster positive relationships and promotes your brand's image. As a Social Media PR Specialist, you'll be the perfect fit for managing and enhancing your company's reputation on various online platforms.

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The best definition of multinational management includes which of these factors Group of answer choices The formulation of strategies and management systems Designed to take advantage of international opportunities Respond to international threats. All of the above

Answers

The best definition of multinational management includes:

All of the above

Multinational management

This refers to the creation and implementation of the management system which is responsible for taking advantage of international opportunities and also responding to international threats.


With this in mind, we can see that the best definition of multinational management based on the answer choices is option D

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Productive resources (factors of production) are
A jobs that produce products,
B inputs that produce goods and services that people want.
C available in unlimited quantities.
O plentiful.

Answers

A.

hope this helps. have a nice day.

A. is the correct answer

Which of the following does not accurately discuss horizontal analysis?
a. Compares changes in reporting based on a line item within the income statement or balance sheet
b. Allows us to compare financial statement results over multiple periods
c. Provides greater insight into performance trends
d. Helps to identify areas that may require change or intervention

Answers

All of the options provided accurately discuss horizontal analysis.

Horizontal analysis is a technique used in financial statement analysis that involves comparing changes in line items within the income statement or balance sheet over multiple periods (option a). This method allows analysts to compare financial statement results over time, helping to identify trends and areas of growth or decline (option b).

By evaluating these changes, horizontal analysis provides valuable insight into performance trends within a company (option c). It helps to identify areas that may require changes, improvements, or interventions to ensure the company's financial health and growth (option d). In conclusion, all of the provided options are correct and accurately discuss the concept of horizontal analysis in financial statement analysis.

The question is incomplete. The correct question should be:

Which of the following does not accurately discuss horizontal analysis?

a. Compares changes in reporting based on a line item within the income statement or balance sheet

b. Allows us to compare financial statement results over multiple periods

c. Provides greater insight into performance trends

d. Helps to identify areas that may require change or intervention

e. All the options accurately discuss horizontal analysis

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what is the first step in the comprehensive strategic-management model

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The first step in the comprehensive strategic management model is typically conducting a thorough analysis of the organization's internal and external environment.

This initial step involves evaluating the organization's strengths, weaknesses, opportunities, and threats (SWOT analysis), assessing its competitive position, and understanding the broader industry and market dynamics. By conducting a detailed analysis, decision-makers gain insights into the internal resources, capabilities, and limitations of the organization, as well as the external factors that may impact its performance. This information serves as the foundation for formulating effective strategies and making informed decisions. Understanding the organization's current state and the external landscape is crucial for setting objectives, identifying strategic options, and aligning the strategic management process with the organization's vision and goals.

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How do you give brainliest?

Answers

Answer:

you press the crown

Explanation:

Answer: you have to wait a lil bit then get back on the question you answer then it'll show a crown in the side of you screen and press it if you want to

Explanation:

a subprime mortgage is a mortgage made to a borrower who has a below normal credit rating.T/F

Answers

The statement "subprime mortgage is a mortgage made to borrower who has below normal credit rating" is True, because these mortgages are made to borrowers who have poor credit-rating.

A "Subprime-Mortgage" is a type of mortgage loan which is offered to borrowers with lower credit-ratings or who may not qualify for conventional mortgages due to factors such as a history of late payments, high debt-to-income ratios, or other credit issues.

These borrowers are considered to be higher-risk due to their credit history, and as a result, they are charged higher interest-rates than borrowers with good credit scores. The term "subprime" refers to the credit quality of the borrower, not the interest rate on the loan.

Therefore, the statement is True.

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Which of the following are typically not part of the duties of a corporate travel manager?
-planning meetings and conferences
-managing travel budgets
-arranging business travel for company employees
-booking a cruise for employees' families

Answers

Answer:

booking a cruise for employees' families

Explanation:

A corporate travel manager is a senior officer in a company whose duties revolve around facilitating business travel. Their roles include planning business trips, organizing the company's business events, and any other corporate travel-related tasks.

The corporate travel manager is in charge of implementing the travel budget. They have to find the most cost-effective way of traveling without compromising business productivity and the corporate image.

Many economists believe that the growth of the money supply is A. not related to output growth. B. inversely related to the price level. C. directly related to interest rate growth. D. positively related to the growth of real GDP.

Answers

Answer:

D.

Explanation:

They believe that controlling the supply of money directly influences inflation and that by fighting inflation with the supply of money, they can influence interest rate in the future.

Now suppose that Rowe has an argument with her husband and wants to withdraw, and what effect would it have on the LLC?

Answers

A limited liability business enterprise (LLC) is a business structure allowed with the aid of state statutes. every nation might also use exclusive guidelines, you should check with your nation if you are interested in beginning a constrained legal responsibility enterprise. proprietors of an LLC are called contributors

The nation of Oklahoma, like almost every different nation, has an agency earnings tax. In Oklahoma, the corporate tax is a flat 6% of Oklahoma taxable profits. if your LLC is taxed as an employer you may need to pay this tax. The kingdom's company income tax goes back (shape 512) and is filed with the Oklahoma Tax fee.

To begin an Oklahoma LLC you may want to record the Articles of a corporation with the Oklahoma Secretary of state, which costs $one hundred. you could practice online, by way of mail, or in character. The Articles of the corporation is the felony record that officially creates your Oklahoma limited legal responsibility employer.3 days in the past.

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In two to three sentences, compare and contrast distribution by force and distribution by equal sharing.

Answers

Distribution by force and distribution by equal sharing are two different approaches to distributing resources or goods.

Distribution by force is characterized by the use of power or authority to determine who receives what, often resulting in an unequal distribution. On the other hand, distribution by equal sharing involves dividing resources or goods equally among the recipients, regardless of their individual needs or contributions. This method aims to promote fairness and equal treatment among the recipients.

Distribution by force refers to the distribution of resources or goods through the use of power, coercion, or authority. This method often results in an unequal distribution where those in positions of power or authority may receive a disproportionate share compared to those who do not have the same level of influence. Distribution by force can create resentment and conflict among the recipients, and may not be sustainable in the long term. This approach is often seen in authoritarian or dictatorial regimes where the ruling elite use force to control and distribute resources, while the majority of the population is left with limited access to resources.

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The table below shows a firm's average variable cost and average total cost.Output Average Variable Cost Average Total Cost1 $40 $1602 35 953 40 804 45 755 50 746 55 75In the short run, the lowest price at which the firm will continue to produce isA. $80B. $74C. $50D. $35E. $30

Answers

$35, this is the lowest price at which the firm will continue to produce, option D.

In the short run, the lowest price at which the firm will continue to produce is the price equal to its average variable cost. This is because, at this price, the firm can cover its variable costs and minimize losses.

Looking at the table, the lowest average variable cost is $35 (at an output of 2). Therefore, the lowest price at which the firm will continue to produce in the short run is $35.

Your answer: D. $35

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why indigenous technologies are better than modern technology

Answers

Answer:

Indigenous technologies are better than modern technology because of the following reasons ;

1) It creates new employment opportunities .

2) It is much cheaper than imported technology.

3) It helps in the technological progress of developing countries which brings economic growth in nation .

4) It leads to greater encouragement for focused research.

5) It is affordable , sustainable band environment friendly.

What are the main security concerns with using AI techniques in
industries, and how are they being approached/resolved?

Answers

AI or artificial intelligence refers to the use of algorithms and statistical models that allow machines to perform tasks that would normally require human intelligence. While AI has revolutionized industries, there are security concerns associated with it.

What are the main security concerns with using AI techniques in industries, and how are they being approached/resolved?The main security concerns with using AI techniques in industries include the following:Data breaches: Data breaches are one of the most significant security risks associated with AI. Malicious use: Malicious use is another security concern associated with AI. Hackers could use AI to develop more sophisticated attacks, making it more difficult to detect them. Vulnerabilities: AI systems are vulnerable to various types of attacks. These include adversarial attacks, where an attacker manipulates data to trick the system, and backdoor attacks, where an attacker can bypass the system's security measures. AI systems can also be compromised through supply chain attacks, where an attacker targets a third-party supplier of the system or its components.

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how can a reduction in taxation be used to influence aggregate demand​

Answers

Answer:

shifting the aggregate demand curve to the right.

Explanation:

Solare Company acquired mineral rights for $729,600,000. The diamond deposit is estimated at 45,600,000 tons. During the current year, 2,050,000 tons were mined and sold

Answers

Complete question :

Solare Company acquired mineral rights for $729,600,000. The diamond deposit is estimated at 45,600,000 tons. During the current year, 2,050,000 tons were mined and sold.

Determine the depletion rate. Determine the amount of depletion expense for the current year. Journalize the adjusting entry to recognize the depletion expense..

Answer: 1) $16 ; $32,800,000

Explanation:

Given the following :

Cost of mineral right = $729,600,000

Estimated deposit = 45,600,000 tons

Quantity sold mined and sold during current year = 2,050,000 tons

Depletion rate :

Cost of mineral right / Estimated volume of deposit

= $729,600,000 / 45,600,000

= $16

B) depletion expense for current year:

Depletion rate × quantity sold and mined in current year

$16 × 2,050,000

= $32,800,000

C.) Depletion expense - - - 32,800,000

Accumulated depletion - - 32,800,00

more and more companies are discarding the traditional superior-subordinate performance feedback process and replacing it with a multi-rater appraisal called question 51 options: critical incidences review. management by objectives. the 360-degree feedback. team evaluation survey. retrospectives.

Answers

More companies are replacing traditional performance feedback with 360-degree feedback, a multi-rater appraisal process that includes input from coworkers, subordinates, and supervisors.

Companies are increasingly using 360-degree feedback, a multi-rater evaluation procedure that incorporates input from coworkers, subordinates, and supervisors, as opposed to the conventional superior-subordinate performance feedback process. This method, which takes into account many viewpoints and offers a more balanced review, offers a more thorough appraisal of an employee's performance.

The 360-degree feedback also promotes open communication and teamwork, which results in more helpful criticism and better performance. This strategy also fits with a more contemporary, collaborative work environment where workers are recognised for their variety of talents and contributions.

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Frankly, we see base salaries and the underlying value of restricted stock as what you have to pay to get people in the door-fixed costs, if you will. ncentives, in the form of annual cash bonuses and gains tied to increases in the price of our stock, are the performance drivers of our pay equation-the variable costs. The first element is base salary. Our philosophy is to peg salary levels at median competitive levels. In other words, we pay salaries that are sufficient to attract and retain the level of talent we require. The second element of our executive compensation is our bonus plan. This plan is based on management by objectives. Each year, the compensation committee approves objectives and performance measures for the corporation, our divisions, and our key individual managers. At year end, bonuses are paid on the basis of measurable performance against these objectives. The third element of our executive compensation program gram is stock incentives, namely, restricted stock and stock options. Our restricted stock program is very straightforward. Stock option grants are made each year at market value. Our options vest over time periods of two to six years to encourage long-term equity holding by management. In 1998, we instituted an innovative stock incentive plan called the Stock Option Exchange Program. Under this program, management can purchase stock options by exchanging other forms of compensation, such as as the annual bonus or restricted stock, for the options. The price charged for the options is determined by an independent investment banker using pricing mechanics. Our compensation com committee is made up entirely of independent outside directors. We have no interlocking directorates, in which I serve on the compensation committee of one of my director's companies and he or she serves on mine. 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