Principal is ($ 5,600), annual interest rate is (2.55 %), for 30 months. Find the future value

Question:

Principal is $\$ 5,600$, annual interest rate is $2.55 \%$, for 30 months.

Find the future value of the investment with the given principal, simple interest rate, and time.

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

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Mathematics

ISBN: 9781711470559

1st Edition

Authors: OpenStax

See More Books

Question Posted: May 29, 2024 08:04 AM

See More Questions

1 What are the main components of personal financial planning? Solve What is the purpose of a financial plan? Solve Identify some common actions taken to achieve financial goals. How does a job...
Your mother just received a $250,000 inheritance. If she invests her money in a diversified equity portfolio returning 8 percent per year, approximately how long will it take her to become a...
For each problem, show your work steps. A correct answer with no work shown gets half credit (which means you fail the assignment). An incorrect answer with no work receives 0 credit. With time value...
The roller coaster in Figure P6.36 starts with a velocity of 15 m/s. One of the riders is a small girl of mass 30 kg. Find her apparent weight when the roller coaster is at locations B and C. At...
Hydrogen sulfide is an impurity in natural gas that must be removed. One common removal method is called the Claus process, which relies on the reaction: 8 H2S(g) + 4 O2(g) S8(l) + 8 H2O(g) Under...
Open offices, where everyone on the teams can see each other seem to be the design most conducive to effective teamwork. Why? What does this accessibility do that makes one more ready and able to do...
For your answer to Question 3, to which categories does hedge accounting apply?
A small rural county has experienced unprecedented growth over the past 6 years, and as a result, the local school district built the new 500-student North Park Elementary School. The district has...
Required information The following information applies to the questions displayed below. Jeremy earned $100,500 in salary and $6.500 in interest income during the year, Jeremy's employer withheld...
Principal is $\$ 10,000$, annual interest rate is $1.99 \%$, for 15 months. Find the future value of the investment with the given principal, simple interest rate, and time.
Principal is $\$ 14,700$, annual interest rate is $3.11 \%$, and time is 10 years. Find the future value of the investment with the given principal, simple interest rate, and time.
The file named Assign.xlsx gives the assignment of workers to four groups. The suitability of each worker for each group (on a scale from 0 to 10) is also given. Write a formula that gives the...
The Intel Outsourcing case case explores the make-versus-buy decision for the well-known chip maker. Use The Strategic Sourcing framework to examine this important decision for Intel. Use the...
Final-year students enrolled in the Interactive Multimedia course at Edith Cowan University are required to develop skills and expertise in managing the design and development of client websites. The...
Find the minimum tractive effort required for vehicle to maintain 70mph speed at 5%upgrade through an air density of 0.002045 slug/ft^3. Show all steps and unit conversion please Problem 2:...
Sanburn writes about the conflict of decreasing funding and enrollment for community colleges and the increasing value of an associate degree. Explain how those two factors can co - exist at the same...
Rare beauty new Shampoo and Conditioner Branding Strategy What is the branding strategy for your organization? What is the purpose of your brand? How will you differentiate yourself from domestic...
The Miramar Company is going to introduce one of three new products: a widget, a hummer, or a nimnot. The market conditions (favorable, stable, or unfavorable) will determine the profit or loss the...
An auto-parts manufacturer is considering establishing an engineering computing center. This center will be equipped with three engineering workstations each of which would cost $25,000 and have a...
! Required information [ The following information applies to the questions displayed below. ] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash...
Built-Tight is preparing its master budget for the quarter ended September 30, 2015. Budgeted sales and cash payments for product costs for the quarter follow: July August September Budgeted sales $...
inepired. 2. Suppliei on hard at the eind of the month tedaled $16800. 2 The balance in Prepaid Rent represucks 4 months of rent coves. 5. Desreciationet bullines is $5060 per vear

Principal is ($ 5,600), annual interest rate is (2.55 %), for 30 months. Find the future value

Question:

Step by Step Answer:

Contemporary Mathematics

Students also viewed these Mathematics questions