What principal will amount to $3367.28 if invested at 9% from November 1, 2023, to May 31,
Question:
What principal will amount to $3367.28 if invested at 9% from November 1, 2023, to May 31, 2024?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
The original deposit amount or principal can be found using the formula P ...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
-
What was the principal amount of a loan at 9 % if $67.78 of interest accrued from October 28, 2010, to April 14, 2011?
-
What amount invested at 4 % on November 19, 2007, had a maturity value of $10,000 on March 3, 2008?
-
What amount invested at 4 % on November 19, 2007, had a maturity value of $10,000 on March 3, 2008? Discuss.
-
According to the Internal Revenue Service (IRS), the chances of your tax return being audited are about 1 in 100 if your income is less than $1 million and 9 in 100 if your income is $1 million or...
-
During the mating season, male giraffes slam their necks together in fighting bouts to determine which male is stronger and can therefore mate with females. Explain how the long necks of giraffes may...
-
16. LO.1, 3 YiLing, the sole shareholder of Brown Corporation, sold her stock to Calvin on July 30 for $270,000. YiLings basis in the stock was $200,000 at the beginning of the year. Brown had...
-
What is the probability that neither the first- nor the second-worst team will get the first pick? Take this quiz as you would take a quiz in class. After you are done, check your work against the...
-
Patel Service Co. does make a few sales on account but is mostly a cash business. Consequently, it uses the direct write-off method to account for uncollectible accounts. During 2016 Patel Service...
-
Variable and Absorption CostingThe following data were adapted from a recent income statement of Ansara Company for the year ended December 3 1 : ( in millions ) Sales$ 1 7 , 5 9 0 Cost of goods...
-
Kentucky Grill has computed the net present value for capital expenditures for the Somerset and Whitley City locations using the net present value method. Relevant data related to the computation are...
-
Speed Mobile deposited $68 450 into an account that had a simple interest rate of 1.9% on December 28, 2019. On January 2, 2021, how much interest had been earned on that deposit?
-
Debt obligations of $500.00 due on April 27, 2022, and $1625.00 due on September 30, 2022, are to be repaid by a payment of $1200.00 on July 6, 2022, and the balance on January 15, 2023. What is the...
-
Sleep debt (3.2) A researcher reported that the typical teenager needs 9.3 hours of sleep per night but gets only 6.3 hours.18 By the end of a 5-day school week, a teenager would accumulate about 15...
-
As a project manager it is important to utilize the right tool at the right time. When it comes to managing quality on projects, this is no exception. Identify three 'Total Quality Tools' that you...
-
Describe 2 change models that you could use to create change in an organization. Choose 1 of the models that you think would be most successful in an organization, and analyze reasons why you chose...
-
During the current year, Rothchild, Inc., purchased two assets that are described as follows. Heavy Equipment Purchase price, $375,000. Expected to be used for 10 years, with a residual value at the...
-
Regarding the Mozilla case, assume that Communities of Practice start to arise spontaneously around topics that are related to the visualizations in the Portal at Mozilla. What do you think is the...
-
Regarding Issues That Affect Recruitment, how would you proceed as the assistant superintendent for human resources in a school district that is experiencing a shortage of qualified applicants for...
-
You developed an interactive GUI application for Carlys Catering. Now, design a JPanel that uses graphics to display a logo for the company, and modify the GUI application to include it. Save the...
-
The Place-Plus real estate development firm in Problem 24 is dissatisfied with the economists estimate of the probabilities of future interest rate movement, so it is considering having a financial...
-
The Kellogg Company has to make a decision about expanding its production facilities. Research indicates that the desired expansion would require an immediate outlay of $60 000 and an outlay of a...
-
Agate Marketing Inc. intends to distribute a new product. It is expected to produce net returns of $15 000 per year for the first four years and $10 000 per year for the following three years. The...
-
A company is considering a project that will require a cost outlay of $15 000 per year for four years. At the end of the project the salvage value will be $10 000. The project will yield returns of...
-
4. The risk-free rate of return is 3.78% and the market risk premium is 6.42%. What is the expected rate of return on a stock with a beta of 1.09?
-
Maddox Resources has credit sales of $ 1 8 0 , 0 0 0 yearly with credit terms of net 3 0 days, which is also the average collection period. Maddox does not offer a discount for early payment, so its...
-
Selk Steel Co., which began operations on January 4, 2017, had the following subsequent transactions and events in its long-term investments. 2017 Jan. 5 Selk purchased 50,000 shares (25% of total)...
Study smarter with the SolutionInn App