Technology has changed the way we live today and will live in the future. The change may have been incremental or radical. Almost every industry has broadly adopted technology to improve operations, increase profits, gain competitive advantage, and more. Businesses are adopting technology in many different ways and are becoming highly dependent on even immature technologies.It is required to identify Technology in Finance (Virtual currencies and banking) and explain how technology has impacted the operations within the financial industry;

In addition, describe how it has impacted quality of life in general, the financial/social implications, and resulting ethical issues, if any.

Provide at least 10 non-trivial examples should be provided to illustrate the impact; examples should illustrate both incremental and radical changes. Pros and cons of the adopted technologies should be researched and presented. (Ten examples - innovative aspect, facts, impact on society, and ethical considerations)

Critique whether the adopted technology is adequately managed in the selected area, what could have been done differently, and what is the envisioned future direction.

 

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Use the compound interest formula A = Pet to answer the following questions. (a) How much will $19700 be worth in 38 years if it is invested at 1.84% interest compounded continuously? (b) How much should you invest initially so you have $88000 in 11 years if you can get 3.46% interest compounded continuously? Use the compound interest formula A = Pet to answer the following questions. (a) How much will $19700 be worth in 38 years if it is invested at 1.84% interest compounded continuously? (b) How much should you invest initially so you have $88000 in 11 years if you can get 3.46% interest compounded continuously?

Answer rating: 100% (QA)

Technology has had a significant impact on the financial industry particularly in the areas of virtual currencies and banking Here are ten nontrivial examples of how technology has impacted operations ... View the full answer