UNDERSTANDING BUSINESS (LL/ACCESS)
13th Edition
ISBN: 9781264671656
Author: Nickels
Publisher: MCG
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Question
Chapter 18, Problem 1CE
Summary Introduction
To determine: The task performed, skills needed, pay and opportunity outlook of the career.
Introduction:
Financial examiner is a person who assures that the bank, firms and any financial institution must comply with applicable laws, rules and regulations.
Expert Solution & Answer
Answer to Problem 1CE
The task performed by financial manger is to monitor the financial condition of banks and other financial institution, review
The hourly wage rate in this career is $24 and annually it is $81,690. The opportunity outlook for the career in this field is expected to grow 10% from 2016 to 2026.
Explanation of Solution
Financial examiner are hire to assure that the banks, firms and any lending institution must comply with law for governing financial transactions. The skill set which a financial examiner requires is mentioned below:
- Good analytical skills.
- Good math skills.
- Good writing skills.
- Must pay close attention to details.
The wage rate of a financial examiner in this career is:
- Hourly wage rate- $24.
- Annual wage rate- $81,690.
The opportunity outlook for the career in financial examiner is projected to grow by 10% from 2016 to 2026 which is much faster than average of all occupations.
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An amount of $800.00 earns $500.00 interest in three years, three months. What is the effective annual rate if interest compounds monthly?
The effective annual rate of interest as a percent is ____%.
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Chapter 18 Solutions
UNDERSTANDING BUSINESS (LL/ACCESS)
Ch. 18.1 - Prob. 18.1AQCh. 18.2 - Prob. 1TPCh. 18.2 - Prob. 2TPCh. 18.2 - Prob. 3TPCh. 18.2 - Prob. 4TPCh. 18.3 - Prob. 18.3AQCh. 18.3 - Prob. 1MEDCh. 18.3 - Prob. 5TPCh. 18.3 - Prob. 6TPCh. 18.3 - Prob. 7TP
Ch. 18.3 - Prob. 8TPCh. 18.4 - Prob. 18.4AQCh. 18.4 - Prob. 18.4BQCh. 18.4 - Prob. 18.4CQCh. 18.4 - Prob. 9TPCh. 18.4 - Prob. 10TPCh. 18.4 - Prob. 11TPCh. 18.4 - Prob. 12TPCh. 18.5 - Prob. 18.5AQCh. 18.5 - Prob. 18.5BQCh. 18.5 - Prob. 13TPCh. 18.5 - Prob. 14TPCh. 18.5 - Prob. 15TPCh. 18.5 - Prob. 16TPCh. 18 - Prob. 1CECh. 18 - Prob. 2CECh. 18 - Prob. 3CECh. 18 - Prob. 4CECh. 18 - Prob. 1CTCh. 18 - Prob. 2CTCh. 18 - Prob. 3CTCh. 18 - Prob. 2DCSCh. 18 - Prob. 3DCSCh. 18 - Prob. 4DCSCh. 18 - Prob. 5DCSCh. 18 - Prob. 1PPTCh. 18 - Prob. 2PPTCh. 18 - Prob. 3PPTCh. 18 - Prob. 4PPTCh. 18 - Prob. 1VCCh. 18 - Prob. 2VCCh. 18 - Prob. 3VC
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