Lori opened a savings account five years ago. Her initial investment was $2,000. Today, she decided to close the account by withdrawing all of the money in her account. The total balance was $3,125. ? The total amount of interest compounded over the five years was $1,125.?

Indicate whether the statement is true or false


True

Business

You might also like to view...

What is the correct formula for cell B6?


a) =B5*(1-B3)/B4
b) =B5*(1-B4)/B3
c) =B5*B4/B3
d) =B5*B3/B4
e) =B5*(1-B3)/B2

Business

A ________ is a promise to deliver to a consumer specific benefits associated with a product or service

A) brand B) perceived need C) demand D) value E) utility

Business

FYI messages should be in writing, using a direct approach

Indicate whether the statement is true or false.

Business

Which of the following is an appropriate performance measure for a company whose corporate goal is to deliver quality products to its customers?

a. on-time delivery b. ability to respond to last-minute order changes c. proximity to the buyer’s premises d. delivery of defect-free products to buyer

Business