This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Describe how the effective rate of interest of a money market or CD account can be ... (Read 82 times)

jayhills49

  • Hero Member
  • *****
  • Posts: 559
on: Jun 24, 2018
Describe how the effective rate of interest of a money market or CD account can be calculated.

Question 2

List three examples of ways customers can utilize electronic banking.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

wergv

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jun 24, 2018
Answer to Question 1

Divide the amount of interest earned for one year on the account by the amount of money deposited.

Answer to Question 2

EFT, direct deposits, ATMs, debit cards


jayhills49

  • Member
  • Posts: 559
Reply 2 on: Jun 24, 2018
:D TYSM

billybob123

  • Member
  • Posts: 336
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Characteristics of an effective leader Characteristics of an effective leader
Factors influencing pulse rate Factors influencing pulse rate
Maximal Heart Rate Over Time Maximal Heart Rate Over Time
Rate of Growth of Brain Areas Rate of Growth of Brain Areas
Describe the development of atherosclerosis, including its role in the risk of heart disease Describe the development of atherosclerosis, including its role in the risk of heart disease
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: What are Taste Receptors? How Does it Work? Animation

For a complete list of videos, visit our video library