Akida has invested $10 000 in an 18-month GIC that pays 1.95 percent. How much interest will
Question:
Akida has invested $10 000 in an 18-month GIC that pays 1.95 percent. How much interest will Akida receive at maturity?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
I P x r x t Akida wi...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What rate of interest did Alberto receive over a period of 67 days if he invested $7444 and received interest in the amount of $157?
-
What is a depository institution? List the three types of depository institutions.
-
Harry purchased his condo for $330 000 and now the appraised value is $360 000. His outstanding mortgage is $228 000. What is the maximum home equity line of credit Harry would qualify for?
-
If you could choose, which type of school would you want your imaginary child(ren) to attend?
-
An unknown amount of a radioactive substance is being studied. After two days, the mass is 15.231 grams. After eight days, the mass is 9.086 grams. How much was there initially? What is the half-life...
-
The disk rotates about the shaft S, while the shaft is turning about the z axis at a rate of z = 4 rad/s, which is increasing at 2 rad/s 2 . Determine the velocity and acceleration of point B on the...
-
Have production-operations goals been established, and are work activities aimed at achieving these goals?
-
According to the 2010 Census, 11.4% of all housing units in the United States were vacant. A county supervisor wonders if her county is different from this. She randomly selects 850 housing units in...
-
Computing and analyzing trend percents P 1 Compute trend percents for the following accounts using 2 0 1 7 as the base year. For each of the three accounts, state whether the situation as revealed by...
-
Starting with benzene and any reagents with three or fewer carbon atoms, show how you would prepare each of the following compounds: (a) (b) (c) (d) Z NH2 CI .CI I
-
Travis has invested $3000 in a one-year GIC at 1.85 percent. How much will Travis have when the GIC matures?
-
How many days would it take for Shelbys investment of $4300 to accrue $147 in interest if she is able to earn a rate of 1.25 percent?
-
In an industrial process, water flows through three tanks in succession, as illustrated in Figure 5.6. The tanks have unit cross-section and have heads of water x, y and z respectively. The rate of...
-
Swenson Company produced 300 units in year one and sold 260 units in that year. In year two, it produced 260 units and sold 300 units. Total fixed overhead was the same in years one and two. Under...
-
c) Determine the maximum rotational speed such that the fluid will not spill over the container. (and: = 2gh/R) [2 marks] d) The container in Figure 4 now contains coffee (p~1000) which is 7cm deep...
-
FICO credit scores: x = 564,= 743,= 72 (Round your answer to 3 decimal places.) what does z equal
-
Q3: In the section illustrated in Figure (1) the surface 1-4-7 is insulated. The convection heat transfer coefficient at surface 1-2-3 is 28 W/m. 'C. The thermal conductivity of the solid material is...
-
25 of 27 > This test: 96 point(s) possible This question: 3 point(s) possible Submit test Identical twins come from a single egg that split into two embryos, and fraternal twins are from separate...
-
For the following exercises, convert angles in radians to degrees. /9 radians
-
2. In the circuit given in Figure 2, i,(t) = 5.67cos(5t)A and v (t) = 70.71 cos(5t 60) V a) Find the equivalent load impedance. State whether the load is inductive or capacitive. b) Calculate the...
-
1. Summarize you investment philosophy and general approach to tolerance for risk. 2. Indicate whether you view yourself as an active or passive investor, and explain why. 3. Summarize your personal...
-
1. Distinguish between random risk and market risk. 2. Summarize three other types of investment risks that may affect returns. 3. Explain how transactions costs and leverage may increase or decrease...
-
1. Summarize what the buy-and-hold strategy is all about. 2. Explain the concept of dollar-cost averaging including why one invests at below-average costs. 3. What is the goal of portfolio...
-
Questien It Calraluta bae neark yoe cen atforal to berren
-
In calculating the net present value of a proposed project, the cash flows of the project should include a.) amortization of goodwill b.) interest expenses paid to bondholders c.) extra working...
-
If Yolanda's insurance company cancels her fire insurance policy after 204 days, how much of the $682.00 annual premium will she receive as a refund (in $)? (Round you answer to the nearest cent.) $
Study smarter with the SolutionInn App