If Shanta deposited $2800 in an investment fund that was earning 5.5% compounded semi-annually for a period

Question:

If Shanta deposited $2800 in an investment fund that was earning 5.5% compounded semi-annually for a period of three years, calculate the accumulated value of the investment and the interest earned during the period.

AppendixLO1

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

Step by Step Answer:

Related Book For book-img-for-question

Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

See More Books

Question Posted: Aug 30, 2024 09:04 AM

See More Questions

Marc & Kent operate a vineyard as partners. The partnership trades under the business name Victor Estate. Victor Estate has prepared a general ledger for the 2023 income year showing the following...
Your firm currently uses 69 workers to produce 300 units of output per day. The daily wage (per worker) is $100, and the price of the firm's output is $30. The cost of other variable inputs is 100...
In a lawsuit against Angies List, Inc. for overtime pay, sales representatives were paid based on a 40-hour workweek but alleged that they routinely worked 50 to 60 hours a week without extra...
Discuss the impact of religion on individual behavior.
1. How would you characterize Chiquitas historical approach to global management? 2. Describe Chiquitas approach to human resource management in its global supply chain. What particular human...
how to assess the effectiveness and accuracy of new data sources and data gathering techniques to ensure compliance with policies.
Flower Folk Florists received a loan of $7000 at 5.25% compounded daily. Calculate the accumulated value of the loan and the interest charged at the end of 200 days. AppendixLO1
Roy was offered a choice between two interest rates for a loan: 5.13% compounded daily or 5.14% compounded monthly. Which one should he choose? (Hint: Assume $1000 for the present value and one year...
A company has opening inventory 6,900, closing inventory 7,800, purchases 33,650 and sales revenue 98,000 What is its gross profit? (a) 49,650 (b) 109,050 (c) 65,250 (d) 123,970
(JMI) is a company that builds custom-designed metal-cutting machinery. JMI's minimum sales contract is typically for $1 million and many sales contracts are in excess of $5 million. It generally...
Asa provides consulting services to small businesses. He has a dedicated office that is used exclusively and regularly. The house is 3,200 square feet, and the office is 275 square feet. Asa did not...
1. A firm has 1,000,000 shares outstanding with a price per share of $25.10 (previous to any dividend payment). It decides to pay out cash dividend of $2,100,000. What will the share price be after...
QWE Bank Limited originates a pool of 250 mortgages, each with 30-year maturity and averaging $250,000 with an annual mortgage coupon rate of 6 percent. The mortgage backed security insurance fee is...
On 15 November 2019, a wheat farmer became concerned that by the time her 200 metric tonne crop was ready for delivery in April 2020 that the price would fall below $335 per tonne - her break-even...
Elite Lawn & Plowing (EL&P) is a lawn and snow plowing service with both residential and commercial clients. The owner believes that the commercial sector has more growth opportunities and is...
Transform the while loop from the previous exercise into an equivalent for loop (make sure it produces the same output).
The balance in Jansen Companys work-in-process inventory account was $300,000 at the beginning of March. Manufacturing costs for the month are as follows: Required: a. Prepare separate journal...
The balance in Burt Companys finished goods inventory account was $25,000 at the beginning of September. Cost of goods manufactured for the month totaled $17,000, and cost of goods sold totaled...
Milan Company had the following activity for the year ended December 31. Required: Prepare an income statement for year ended December 31. Sales revenue $5,000,000 $ 825,000 Selling expenses $...
Appraisals that are conducted at set times during the year and are based on performance dimensions and measures that have been specified in advance are appraisals. O on demand O formal O informal O...
Incorrect Question 6 Select all of the appropriate terms that describe the type of cost: Thread to sew the tents (insignificant to the total cost of making a tent) Direct material- DM Prime...
unting: HRBH0156 g submissions until Wednesday, June 1, 2022 at 11:59 pm Question 8 (2 points) The natural business year for businesses is always the same as the calendar year. OTrue False arch Next...

If Shanta deposited $2800 in an investment fund that was earning 5.5% compounded semi-annually for a period

Question:

Step by Step Answer:

Mathematics Of Business And Finance

Students also viewed these Business questions