If $40.52 interest accrued on a $1000 certificate of deposit from January 15, 2008, to July 7,

Question:

If $40.52 interest accrued on a $1000 certificate of deposit from January 15, 2008, to July 7, 2008, what rate of simple interest did the certificate of deposit earn?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

See More Books

Question Posted: Sep 21, 2024 08:01 AM

See More Questions

a. Find the nth-order Taylor polynomials for the given function centered at the given point a, for n = 0, 1, and 2.b. Graph the Taylor polynomials and the function. f(x) = ln x, a e =
1. Based on the principles of path-goal theory, describe why Art and Bob appear to be less effective than Carol. 2. How does the leadership of each of the three supervisors affect the motivation of...
Eneliko Company installs home theater systems. The companys most recent monthly contribution format income statement appears below: Required: 1. Compute the companys degree of operating leverage. 2....
If $40.52 interest accrued on a $1000 certificate of deposit from January 15, 2008, to July 7, 2008, what rate of simple interest did the certificate of deposit earn?
June production generated the following activity in Car Chassis Companys Work-in-Process Inventory account: June 1 balance................$ 38,000 Direct materials used............. 43,000 Direct...
Before making capital budgeting decisions, finance professionals often generate, review, analyze, select, and implement long-term investment proposals that meet firm-specific criteria and are...
A $14,400 loan taken out on May 21, 2010, was repaid with interest at 11 % per annum on July 19, 2011. How much interest was paid?
An $85,000 investment earned a 6.9% rate of simple interest from December 1, 2010, to May 30, 2011. How much interest was earned?
Go to the Wikipedia entry for artificial neural networks and read the introduction about neural networks. Describe an example listed on the page of a successful neural network.
The D term that Riker and Ordeshook add to Downs's calculus of voting is similar to what type of incentive discussed in the interest groups and social movements lectures? A)Tangible Incentive B)Solid...
1. Using the return data on portfolios A and B provided in the accompanying spreadsheet, compute the average return for portfolio B. Round off your answer to three digits after the decimal point....
Stage 1 - Portfolio: Writing plans (Multiple file upload) Learner instructions Please read Scenario 1, and then complete the following tasks. For this Stage of the assessment task, you are required...
Exercise 5-18 Journal entries to contrast the periodic and perpetual systems-perpetual and periodic LO2, 7 Refer to the following merchandising transactions for Scout Systems. Nov. 1 Scout Systems...
Staff Company allocates common Building Department costs to producing departments (P1 and P2) based on space occupied, and it allocates common Personnel Department costs based on the number of...
Suppose that 0 < c < /2. For what value of is the area of the region enclosed by the curves y = cos x, y = cos (x c), and x = 0 equal to the area of the region enclosed by the curves y = cos (x c),...
During registration at Tech every quarter, students in the Department of Management must have their courses approved by the departmental advisor. It takes the advisor an average of 4 minutes...
What is the nature of? (a) A credit memo issued by the seller of merchandise, (b) A debit memo issued by the buyer of merchandise?
Who bears the freight when the terms of sale are? (a) FOB shipping point, (b) FOB destination?
During the current year, merchandise is sold for $32,800 cash and $379,500 on account. The cost of the merchandise sold is $250,000. What is the amount of the gross profit?
Accounts Receivable Ledger The following revenue journal is for Westside Cleaners Inc. Assume that the beginning balances for the customer accounts were zero, except for Jordan Inc., which had a...
Take me to the text Mintshirt Company manufactures a single product: skirts. Mintshirt's skirts have a unique design that is not replicated by any other skirt manufacturer. The company was formed at...
11 In recent years, Bramble Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the...

If $40.52 interest accrued on a $1000 certificate of deposit from January 15, 2008, to July 7,

Question:

Step by Step Answer:

Number of days Ju...View the full answer

Business Mathematics In Canada

Students also viewed these Accounting questions