How much more would $10,000 earn in 3 years compounded daily at 1.33%, than compounded semi-annually at
Question:
How much more would $10,000 earn in 3 years compounded daily at 1.33%, than compounded semi-annually at 4.33%? Round to the nearest cent.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
Here we are going to find the amounts of the two different occasions ...View the full answer
Answered By
Dorcus Mwamisi
I've much experience in tutoring
I've tutored a lot of students in my field of works and they have done greatly in their academics
I
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
Question Posted:
Students also viewed these Mathematics questions
-
How much more would $10,000 earn in three years compounded daily at 4.33%, than compounded semiannually at 4.33%?
-
Round each monetary amount to the nearest cent or dollar as indicated. 1. $14,769.52, to the nearest dollar 2. $0.7633, to the nearest cent
-
Round to the nearest tenth, if necessary. 1. What percent of 110,736 is 88,542?
-
Top Bun, an international bread empire that reports under IFRS. Their fiscal year-end is December 31, 2022. They began the year on January 1, 2022 with 102116 common shares. They issued 56760 common...
-
Why are the swaps considered excellent examples of financial engineering?
-
If youve been studying hard, by now you have great insight into why oil and water dont mix. You understand that the oxygen atom has eight electrons: two in the first shell, and six in the valence...
-
How would you advise Kate to proceed? Analyze the conversation she had this morning. What went right? What went wrong? Kate Thomas, a project manager with Johnson & Rogers Software Engineering, was...
-
Assume that on November 3, 2014, Harris Company receives a 60-day, 6.5 percent, $11,000 note, payable in full with interest at maturity, and that the company prepares monthly financial statements....
-
Project L requires an initial outlay at t = 0 of $75,186, its expected cash inflows are $14,000 per year for 9 years, and its WACC is 9%What is the project's IRR? Round your answer to two decimal...
-
Randy Coburn opened a law office, Randy Coburn, Attorney at Law, on July 1, 2015. On July 31, the balance sheet showed Cash $4,000, Accounts Receivable $1,500, Supplies $400, Equipment $5,000,...
-
Albert Einstein said that compound interest was the most powerful thing I have ever witnessed. Work through the following exercises to discover a pattern Einstein discovered, which is now known as...
-
Lindsay invests $80 in an account that pays 1% annual interest, compounded monthly. Michele invests $60 in an account that pays 2% annual interest, compounded weekly. a. Whose balance is greater...
-
Depreciation (as shown on the income statement) is an expense to a company, but this same expense is irrelevant in decision making. Explain why this is so?
-
How can you filter on a particular data field in Cognos Analytics? 0 / 1 point Type in the name of the field in the 'Filters' area at the top of the page. Drag the data field to the 'All tabs' area...
-
Project management is fundamental to project success and includes a number of critical success factors including support of top management, use of effective communication channels and rapid feedback,...
-
BIO 189: what are some of the ethical issues regarding his results? why were his results rejected by the scientific community? choose two components below that were either flawed or completely absent...
-
REQUIRED: Prepare Cost of Production per department. Problem 5 ABM Company uses two departments to produce a product. The following data were taken from the books for the month of January, 2019....
-
Can you describe how Toyota responds to changes in market fluctuations, and plot the supply and demand curves indicating managerial economic principles (i.e. price ceilings/floors, shortage/surplus,...
-
Use a calculator or program to compute the first 10 iterations of Newtons method when it is applied to the following functions with the given initial approximation. Make a table similar to that in...
-
What is removed during each of the three stages of wastewater treatment: primary, secondary, and tertiary? During which state would you expect items to be recovered that were accidentally flushed,...
-
Helene's credit card has an APR of 16.8%. She never pays her balance in full, so she always pays a finance charge. Her next billing cycle starts today. The billing period is 30 days. Today's balance...
-
How might the quote apply to what you have learned? Discuss.
-
Zea has a credit limit of $2,000 on her credit card. Each month, she charges about $200 and makes a payment of $125. a. Estimate the number of months that Zea can continue this pattern until she...
-
4) Read the following case carefully and answer the given questions. You have been the finance director of a clothing retailer for ten years. The companys year end is 31st December 2019, and you are...
-
all of the other problems here on chegg don't describe right on how they god the answer. can you make it step by step math to show how you got what and from where and each number to get the answer...
-
D Required information The following Information applies to the questions displayed below.) Diego Company manufactures one product that is sold for $76 per unit in two geographic regions-the East and...
Study smarter with the SolutionInn App