You Agree to Make 24 Deposits of $500 at the Beginning

question 5

Multiple Choice

You agree to make 24 deposits of $500 at the beginning of each month into a bank account.At the end of the 24^th month, you will have $13,000 in your account.If the bank compounds interest monthly, what nominal annual interest rate will you be earning?

• A) 7.62%
• B) 8.00%
• C) 8.40%
• D) 8.82%
• E) 9.26%

Identify the structure and essential components of an effective oral presentation.

Understand the role of visual aids and how to integrate them effectively into presentations.

Recognize the importance of the delivery style, including the use of pauses, volume, and inflection for emphasis and clarity.

Appreciate the value of an attention-gaining opening and a strong conclusion in presentations.

---

Definitions:

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output decreasing with increasing scale.

Industry Domination

A scenario where one or a few companies control a significant share of the market, often leading to a reduction in competition.

Economies of Scale

The cost advantage achieved when production becomes efficient, leading to a decrease in the average costs per unit as output increases.

Technology Specialization

The focus of a company or industry on a specific technology niche, with the aim of achieving leadership and expertise in that area.