What is the effective annual rate of interest if $450 grows to $750 in 3 years and
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
PV 45000 FV 75000 n 41 C Y 12 75000 45000 1 i 41 i 7500045000 141 ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Question Posted:
Students also viewed these Finance questions
-
You have recently seen a credit card advertisement stating that the annual percentage rate is 12 percent. If the credit card requires monthly payments, what is the effective annual rate of interest...
-
Karim Soltan is shopping for a new vehicle, and has noticed that many vehicle manufacturers are offering special deals to sell off the current years vehicles before the new models arrive. Karims...
-
Ray has asked you to review the companys short-term financing policies and prepare a report to help him with SSPs future working capital financing decisions. To assist you in getting started, he has...
-
Player A has a $1 bill and a $20 bill, and player B has a $5 bill and a $10 bill. Each player will select a bill from the other player without knowing what bill the other player selected. If the...
-
The accompanying table shows a portion of the grades that 32 students obtained on the midterm and the final examinations in a course in statistics. The entire data set, labeled Test_Scores, can be...
-
Based on data in Exhibit B-4, discuss the relative market potential of the city of Boulder, Colorado, and the city of Lakewood, Colorado, for (a) Prepared cereals, (b) Auto mobiles, (c) Furniture.
-
Prepare a December 31 balance sheet using the following data: The par value of the firms common stock is \($100\). Cash $ 4,000 Patents 82,000 Accounts payable 6,000 Accounts receivable 8,000 Taxes...
-
Bannister Legal Services generated $2,000,000 in sales during 2010, and its year-end total assets were $1,500,000. Also, at year-end 2010, current liabilities were $500,000, consisting of $200,000 of...
-
I have copied two cafr references that can be copied and pasted to check the information that I am asking for help on. Can someone tell me if each of these are simple or comprehensive public methods?...
-
Allie has bought a new apple orchard. The orchard has a single file of trees, numbered from 1 to N. Each tree has a certail number of ripe apples. Allie has a rule she wants to follow. She wants to...
-
Josef invested $1750 into an RRSP that earned interest at 5% compounded semi- annually for eight years. (a) Find the balance of the account at the end of the period. (b) How much interest is earned?...
-
If $1100 accumulates to $1350 in 4 years and 6 months compounded semiannually, what is the effective annual rate of interest?
-
Lithium ion inhibits the synthesis of inositol trisphosphate by inhibiting a reaction in the breakdown of inositol trisphosphate. Explain this apparent paradox.
-
Conley Corp s post - closing trial balance in alphabetical order as of December 3 1 , 2 0 2 3 was as follows: Debit Credit Accounts Payable $ 3 2 0 , 0 0 0 Accounts Receivable $ 4 7 0 , 0 0 0...
-
You are the financial director of Dawn Ltd ( Dawn ) , the parent company of the Dawn group. All companies within the group s reporting date is 3 1 December. Extract of the trial balances as at 3 1...
-
On January 1 , 2 0 2 5 , Sheridan Inc. had these stockholders' equity balances. Common Stock, $ 1 par ( 2 , 7 0 0 , 0 0 0 shares authorized, 6 6 0 , 0 0 0 shares issud and outstnding. Paid - in...
-
CC Corporation provides you with the following information from its accounting records this year related to income and all book - tax differences. Pre - tax book income: $ 3 1 9 , 0 0 0 GAAP warranty...
-
On January1, 20X7, Mannix Corporation purchased 80% of the outstanding common stock of Raun Company. No excess of cost or book value resulted from the acquisition. The following information has been...
-
Which audit data standards ledger defines product master data, location data, inventory on hand data, and inventory movement? a. Order to Cash Subledger b. Procure to Pay Subledger c. Inventory...
-
XYZ Inc. a calendar year, accrual basis corporation, had the following items during 2021: Gross revenue from operations Cost of goods sold $420,000 ($180,000) $9,000 LT capital gain .LT capital...
-
Calculate the current bond yield for a bond that has a close of 108.633 and a coupon of 6.800%?
-
Use Table 54 - 4 to find yesterday's NAV for the AAMDX mutual fund?
-
Find the beginning of the year NAV for the AACNX mutual fund?
-
In terms of new issue or outstanding issue, security markets can be categorized into the: A) Primary market and secondary market. B) Secondary market and the tertiary market. C) capital market and...
-
An FI with a low level of leverage, such as a high level of capitalisation... 1)is generally less profitable. 2)is better able to withstand losses. 3)has improved ability to remain solvent. 4)All of...
-
The first major piece of antitrust legislation was the a) Obama Care Act. b) Sherman Act. 1 c) Clayton Act. d) Clinton Act.
Study smarter with the SolutionInn App