Calculate the amount of interest earned on a $635.00 deposit at 6.5% p.a. between October 2, 2023,
Question:
Calculate the amount of interest earned on a $635.00 deposit at 6.5% p.a. between October 2, 2023, and August 4, 2024.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (9 reviews)
The interest earned on a 63500 deposit at 65 pa between ...View the full answer
Answered By
BillClinton Muguai
I have been a tutor for the past 5 years. I have experience working with students in a variety of subject areas, including computer science, math, science, English, and history. I have also worked with students of all ages, from elementary school to college. In addition to my tutoring experience, I have a degree in education from a top university. This has given me a strong foundation in child development and learning theories, which I use to inform my tutoring practices.
I am patient and adaptable, and I work to create a positive and supportive learning environment for my students. I believe that all students have the ability to succeed, and it is my job to help them find and develop their strengths. I am confident in my ability to tutor students and help them achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Contemporary Business Mathematics With Canadian Applications
ISBN: 9780135285015
12th Edition
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
Question Posted:
Students also viewed these Mathematics questions
-
The amount of interest earned on a note receivable is a function of what three factors?
-
What is the amount of interest earned on $2,000 for five years at 6% simple interest per year?
-
Calculate the amount of heat evolved when 3.5 104 kg of hydrogen is combusted. 2H2(g) + O2(g) 2H2O(g) H = 484 kJ
-
The best or alpha project managers spend more time on every process group than other project managers except for which one? A. initiating B. planning C. executing D. monitoring and controlling
-
Which factor do you think would have a larger effect on total fertility rate: the increased education of men or of women? Explain your answer.
-
15. LO.4 Maul, Inc., a calendar year S corporation, incurred the following items. Tax-exempt interest income $ 7,000 Sales 140,000 Depreciation recapture income 12,000 Long-term capital gain 20,000 ...
-
Defective Units A shipment of 10 microwave ovens contains two defective units. In how many ways can a restaurant buy three of these units and receive (a) no defective units, (b) one defective unit,...
-
A manager wants to assign tasks to workstations to achieve an hourly output rate of 33 units. Assume that the shop works 60 minutes per hour (i.e., no breaks). a. Assign the tasks shown in the...
-
1) Prepare the Journal entries 5-31-11 ABC Company bought a tractor for $20,000. They paid for half of it in cash and are financing the rest. 5-31-11 Joe Smith, owner contributed $200,000 to ABC...
-
1. List a set of tangible and intangible benefits as well as tangible and intangible costs for the FBI database system. 2. Develop a set of faith-, fear-, and fact-based arguments to support the...
-
Solve the following. On March 15, 2024, Ben bought a government-guaranteed short-term investment maturing on September 12, 2024. How much did Ben pay for the investment if he will receive $10 000 on...
-
Use fractional equivalents to compute each of the following (round to the highest whole number). Do not convert percentages to decimals. 75% of $180
-
What are the two steps performed in the search process? What are the two steps in the execution process? Why is it important to validate the business model before writing a business plan?
-
Lifestyle is how one enacts the self-concept. The way they would enact it is through buying luxury items which is the most premium iPhone. The latent reasons why people want an iPhone 15 all have to...
-
Make a Tows Matrix that assess the strengths, weakness, opportunities, and threats for Dannon based on the case study For typical corporate strategies under purpose of communication. Strengths 1) 2)...
-
Now that you've watched the lectures, The Abilene Paradox movie, and the Challenger Disaster Video, I'd like you to think for a moment about when you may have observed the Abilene Paradox or...
-
Ensuring that the projectadheres to the selected quality standard . Often, ensuring that the project work is done 'correctly' is as important as ensuring that the end result fulfills the project's...
-
Think about some career planning and development issues; for example, mergers and reorganization uncertainty, lack of upward mobility, getting managers to understand your career potential, and...
-
Boston Scientific (BSC), an American multinational, hired Carnero to work in its Argentine subsidiary. Carnero was paid in pesos, and his contract was governed by Argentine law. After BSC fired...
-
Consider the advantages and disadvantages of extending property rights so that everyone would have the right to prevent people imposing any costs on them whatsoever (or charging them to do so).
-
A 6.5% bond of $50 000 with interest payable quarterly is to be redeemable at par in 12 years. (a) What is the purchase price to yield 8% com- pounded quarterly? (b) What is the book value after 9...
-
A $10 000, 6% bond with semi-annual coupons is redeemable at par. What is the purchase price to yield 7.5% compounded semi- annually (a) 9 years before maturity? (b) 15 years before maturity?
-
A $5000, 14.5% bond with semi-annual coupons redeemable at par on August 1, 2026, was purchased on March 5, 2015, at 95.5. What was the approximate yield rate?
-
A stock is expected to pay a dividend of $1.50 at the end of the year (i.e., D 1 = $1.50), and it should continue to grow at a constant rate of 10% a year. If its required return is 14%, what is the...
-
The Hobby Shop has a checking account with a ledger balance of $1,700. The firm has $2,400 in uncollected deposits and $4,200 in outstanding checks. What is the amount of the disbursement float on...
-
An investment will pay you $34,000 in 11 years. If the appropriate discount rate is 6.1 percent compounded daily, what is the present value? (Use 365 days a year. Do not round intermediate...
Study smarter with the SolutionInn App