Travis has invested $3000 in a one-year GIC at 1.85 percent. How much will Travis have when
Question:
Travis has invested $3000 in a one-year GIC at 1.85 percent. How much will Travis have when the GIC matures?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
I P x r x t Trav...View the full answer
Answered By
Shehar bano
I have collective experience of more than 7 years in education. my area of specialization includes economics, business, marketing and accounting. During my study period I remained engaged with a business school as a visiting faculty member and did a lot of business research. I am also tutoring and mentoring number of international students and professionals online for the last 7 years.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
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?
-
Define and describe a debit card.
-
Bob bought a new car for $28 000 with a loan that will be amortized over five years. The best interest rate he got from his bank for the loan was 1.99 percent compounded annually. What is Bobs...
-
A(n) ________ is a short-lived fashion. Relatively few people adopt this product, but it can spread quickly. Question content area bottom Part 1 A. fad B. creolization C. aspirational reference D....
-
Human hair from a grave in Africa proved to have only 51% of the carbon 14 of living tissue. When was the body buried?
-
The crane boom OA rotates about the z axis with a constant angular velocity of = 0.15 rad/s, while it is rotating downward with a constant angular velocity of = 0.2 rad/s. Determine the velocity...
-
Does the production-operations process work smoothly and with little disruption?
-
Muskoge Company uses a process-costing system. The company manufactures a product that is processed in two departments: Molding and Assembly. In the Molding Department, direct materials are added at...
-
Prepare journal entries to record the following under (a) the direct write-off method and (b) the allowance method. May 3 sal Company determines that it cannot collect its accounts receivable of...
-
The air pressure p(x, t) in an organ pipe is governed by the wave equation 2p / x2 = 1 / c2 2p / t2, 0 < x < l, 0 < t, where l is the length of the pipe, and c is a physical constant. If the pipe is...
-
Nancy is depositing $2500 in a six-month term deposit that pays 0.5 percent interest. How much interest will she accrue if she holds the term deposit to maturity?
-
Akida has invested $10 000 in an 18-month GIC that pays 1.95 percent. How much interest will Akida receive at maturity?
-
Which should be more important to the management of an entity, cash flow or in come? Explain your answer.
-
As part of the study on ongoing fright symptoms due to exposure to horror movies at a young age, the following table was presented to describe the lasting impact these movies have had during bedtime...
-
Exercise 1.10: State space realization Define a state vector and realize the following models as state space models by hand. One should do a few by hand to understand what the Octave or MATLAB calls...
-
Solve: (5)*+1 = 25x
-
The ball bearing made of steel is to be heat treated. It is heated to a temperature of 620C and then quenched in water that is at a temperature of 50C. The ball bearing has a diameter of 5 cm and the...
-
1. Using the net present value? method, calculate the comparative cost of each of the three payment plans being considered by New Med 2. Which payment plan should New Med choose? Explain. 3. Discuss...
-
For the following exercises, state the reference angle for the given angle. 315
-
Test your confidence in the following Project Decisions: SI. # Question 01 02 03 04 05 06 07 08 09 10 How many years did it take to construct the largest Egyptian Pyramid- Pyramid of Cheops? When was...
-
(a) Do you think universal life insurance is a good deal for these people? Why or why not? (b) How can the individual fraternity members decide how much life insurance they need? (c) Life insurance...
-
(a) Calculate the amount of life insurance that Marcia needs based on the information given. Use the Run the Numbers worksheet on page 353 or the Garman/Forgue companion website. Assume a 3percent...
-
1. How does savings differ from investing? 2. Why were returns so poor for the first decade of the millennium? 3. What are the two parts of an investors total return? 4. What stock market returns can...
-
XF Ltd. Is an expanding private company in the electric trade. Accounts preparing in January 2019 included the following information: Profit Statement for the year ended 31 st December 2018 Kshs.000...
-
Check On June 15, 2021, Sanderson Construction entered into a long-term construction contract to build a baseball stadium in Washington D.C., for $340 million. The expected completion date is April...
-
Q.1 Bassem Company purchased OMR420,000 in merchandise on account during the month of April, and merchandise costing OMR $350,000 was sold on account for OMR 425,000. Required: 1. Prepare journal...
Study smarter with the SolutionInn App