Find the exact interest on $1,000 for 60 days at 5.3% annual interest rate.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
I 1000 0053 ...View the full answer
Answered By
Antony Sang
I am a research and academic writer whose work is outstanding. I always have my customer's interests at heart. Time is an important factor in our day to day life so I am always time conscious. Plagiarism has never been my thing whatsoever. I give best Research Papers, Computer science and IT papers, Lab reports, Law, programming, Term papers, English and literature, History, Math, Accounting, Business Studies, Finance, Economics, Business Management, Chemistry, Biology, Physics, Anthropology, Sociology, Psychology, Nutrition, Creative Writing, Health Care, Nursing, and Articles.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Business Math
ISBN: 978-0133011203
10th edition
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
Question Posted:
Students also viewed these Finance questions
-
Use the formula I = P(R D/365) to find the exact interest on $100 for 30 days and 7.50%. D is the exact number of days.
-
Find the exact interest on a loan of $850 at 11 % annually. The loan was made January 15 and was due March 15.
-
a. Assuming a constant rate for purchases, production, and sales throughout the year what are Roches existing operating cycle (OC), cash conversion cycle (CCC) and resource investment need? b. If...
-
What is the result of the following? A. 3.011459 B. 3.1401MM C. 59.011459 D. 59.1401MM E. The code does not compile. F. The code compiles but throws an exception at runtime. import java.time. *;...
-
What is the difference between general controls and application controls?
-
Consider the simplified version of a wheel of fortune, given in Figure 2.5. Create a complete probability space as a model for one turn of the wheel. Assume that the wheel is fair in the same...
-
A four-year financial project is forecast to have net cash inflows of $20,000; $25,000; $30,000; and $50,000 in the next four years. It will cost $75,000 to LO8 implement the project payable at the...
-
Donaldson sold plumbing supplies. The St. Paul-Mercury Indemnity Co., as surety for him, executed and delivered a bond to the state of California for the payment of all sales taxes. Donaldson failed...
-
uring 2018 and 2019: - X i Requirements re 1. Journalize the transactions in the Discount Pharmacies general journal. Round to the nearest dollar. Explanations are not required. 2. Prepare the...
-
Stainless Steel Specialties (SSS) is a manufacturer of hot water-based heating systems for homes and commercial businesses. The company has grown about 10% in each of the past five years. The company...
-
When solving problems, one should devise a method to estimate the solution. Describe a strategy for estimating the interest in the first example of Section 11-1.
-
The ordinary interest using exact time (banker's rule) will always be higher than exact interest using exact time. Explain why this is true.
-
A corporation has issued and outstanding (i) 9,000 shares of $50 par value, 10% cumulative, nonparticipating preferred stock and (ii) 27,000 shares of $10 par value common stock. No dividends have...
-
Listed below are the amounts (dollars) it costs for marriage proposal packages at different baseball stadiums. Find the range, variance, and standard deviation for the given sample data. Include...
-
The Lotto Case (Hitting the Jackpot) Allen B. Atkins, Roxanne Stell, & Larry Watkins Bob, Chad and Dylan had been dreaming of this day for the past six years; ever since they first met in an...
-
Boxplots. In Exercises 29-32, use the given data to construct a boxplot and identify the 5-number summary. Taxis Listed below are times (minutes) of a sample of taxi rides in New York City. The data...
-
Use the birth weights (grams) of the 400 babies listed in Data Set 6 "Births" in Appendix B. Examine the list of birth weights to make an observation about those numbers. How does that observation...
-
Listed below are annual U.S. sales of vinyl record albums (millions of units). The numbers of albums sold are listed in chronological order, and the last entry represents the most recent year. Do the...
-
In what ways can you, as a consumer, help to improve productivity for at least three service organizations that you patronize? Which distinctive characteristics of each service make some of these...
-
Do animals have rights? If so, what are they? What duties do human beings have toward animals? Does KFC protect animal welfare at an acceptable level?
-
Identify the major behavioral science disciplines that contribute to OB LO1
-
The terms of payment on an invoice are 3/10, n/90. What are the simple and effective annualized rates of return earned by taking the cash discount on the last day of the discount period instead of...
-
An income tax preparation service discounts income tax refunds at the statutory maximum amount of 15% on the first $300. For example, a taxpayer eligible for a $200 tax refund can sell the refund to...
-
The consumer price index rose from 131.2 to 132.1 during the second quarter of a year. What was the effective annualized rate of inflation during the quarter?
-
can anyone help find a news article discussing a corporations use of debt financing? Often times the financial news media will report when a company chooses to issue new bonds or take new loans.
-
a canadian investor puts money into an australian investment that offers an interest rate of 5% for six minths. The australian dollar appreciates by 6% over this period of six months. What is the...
-
Los siguientes datos corresponden a las operaciones de Turk Company el ao pasado: Ventas $ 900 000 Utilidad operativa neta $ 36 000 Margen de contribucin $ 150 000 Activos operativos promedio $ 180...
Study smarter with the SolutionInn App