nikeahbrown
21.01.2021 •
Business
This year Amelia has projected sales of 600,000 with a margin of 250,000. If taxes are 20% of net income, what is the planned profit for the year?
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Ответ:
HI there I think that I can help you!!!
6.14%
Explanation: Here is how I did it :)
The offered investment has a nominal rate (N) of 6% compounded quarterly (n=4 times a year). The effective rate of return (R) is obtained by:
The effective rate of return that you will earn from this investment is 6.14%.
*Note that the amount invested is not relevant when determining the effective rate of return, which means that the rate would be the same for any amount.