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hello scott mor questions: 19. A couple received a wedding gift of a \$1500 Treasury bond in 1979, that paid 5% annual simple interest. The couple sold the bond 40 years later on their anniversary. Wha… read more
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16a).Rohan wants to have \$1,000,000.00​ in 20 years. There
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Scott
Master's Degree
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More questions: 12.Sue wants to leave her grandson a nice
Hi scott more questions: 12.Sue wants to leave her grandson a nice inheritance. She has decided to deposit \$300.00​ each month into an ordinary annuity that earns 4.1%​​​ compounded monthly. a).How mu… read more
Scott
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Which results in a lower total interest​ charge, borrowing
Which results in a lower total interest​ charge, borrowing ​\$ 1,000to be repaid 12 months later as a​ single-payment loan or borrowing ​\$1,000 to be repaid as a​ 12-month installment​ loan? Assume a s… read more
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Suppose you want to buy a \$156,000 home. You found a bank
Suppose you want to buy a \$156,000 home. You found a bank that offers a 30-year loan at 5.1% APR.What will be your monthly payment? (Round to the nearest cent.)How much would you end up paying the ban… read more
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Mariner bank pays 6.5% interest, compounded daily. after
mariner bank pays 6.5% interest, compounded daily. after finding the daily interest rate (to the nearest millionths place) for November 19 (92 days in the quarter), calculate the interest earned on th… read more
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6.You deposit \$300 each month into an account earning 3%
6.You deposit \$300 each month into an account earning 3% interest compounded monthly. Round to the nearest cent as needed.a) How much will you have in the account in 20 years? \$ b) How much total mone… read more
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Suppose you found a CD that pays 2.3% interest compounded
Suppose you found a CD that pays 2.3% interest compounded monthly for 3 years.If you deposit \$9,000 now, how much will you have in the account in 3 years? (Round to the nearest cent.) What was the int… read more
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Find the future value of the ordinary annuity. (Round your
Find the future value of the ordinary annuity. (Round your answer to the nearest cent.) \$110 monthly payment, 6% interest, 1 year… read more
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How much money must be deposited now at 6%interest compounded
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17. Using a 360-day year, the maturity value of a 69-day
17. Using a 360-day year, the maturity value of a 69-day note for \$1,500 at 7% annual interest is (rounded to the nearest cent) A. \$1,605.00. B. \$1,584,88. C. \$20.13. D. \$1,520.13.… read more
Bizhelp
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For each of these problems, round to the nearest cent. Find
For each of these problems, round to the nearest cent. Find the compound amount. Amount Rate Compounded (Years) \$10,500 6% quarterly 5 How do I solve for this problem. I need to see the steps so I can… read more
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Help ! The Conejo Corp. borrows from its bank under an \$8
Help ! The Conejo Corp. borrows from its bank under an \$8 million revolving credit arrangement. It pays a base rate of 9.75% on its outstanding loan plus a 0.35% commitment fee on the unused balance. … read more
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I need desparate help with this problem ... Partridge Inc.
I need desparate help with this problem ... Partridge Inc. sells about \$45 million a year on credit. Good credit and collections performance in the industry result in a 35-day ACP. a. What is the maxi… read more
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1. Find the lump sum deposited today that will yield the
1. Find the lump sum deposited today that will yield the same total amount as this yearly payment (made at the end of each year for 20 years at the given interest rate, compounded annually). \$10,700 a… read more
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1. What is the simple interest for a loan with \$500.00 principal,
1. What is the simple interest for a loan with \$500.00 principal, 10% annual rate and a 2-year time period. 2. What is the simple interest for a loan with 2,000principal, 12% annual rate and a 3-year … read more
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At December 31, 2005, the following information was ...
At December 31, 2005, the following information was available for J. Simon Company: ending inventory \$40,000, beginning inventory \$60,000, cost of goods sold \$300,000, and sales revenue \$380,000. Calc… read more
RD
Self Employed
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The formula for calculating the amount of money returned
The formula for calculating the amount of money returned for deposit money into a bank account or CD is given by the following: A=P(1+r/n) A is the amount of retuned, P is the principal amount deposit… read more
mathsmart
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