Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Mar 07, 2023

1- you buy a certificate of deposit from state bank for 5000 and the bank promises to pay you 5850 n five year. what interest

1-
you buy a certificate of deposit from state bank for 5000 and the bank promises to pay you 5850 n five year. what interest rate is the bank offering?
2-
you bought a share of stock for $250 at the beginning of the year. it paid a dividend of 10 and you sold it for $190 at the end of the year. what is your rate of return for the year?

Step by Step Solution

★★★★★

3.39 Rating (149 Votes )

There are 3 Steps involved in it

Step: 1

ANSWER AND EXPLANATION 1The interest rate offered by the ban... blur-text-image

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Engineering Economics

Fundamentals of Engineering Economics

Authors: Chan S. Park

3rd edition

132775425, 132775427, 978-0132775427

More Books

Students also viewed these Accounting questions

Question

★★★★★

You invest $1,000 in a certificate of deposit that matures after 10 years and pays 5 percent interest, which is compounded annually until the certificate matures. a. How much interest will you earn...

Answered: 1 week ago

Question

★★★★★

Your bank is offering a certificate of deposit with an APR of 7.94% compounded monthly What is the effective annual rate? Enter the answer in percentage format to two decimal places without the %...

Answered: 1 week ago

Question

★★★★★

A saver places $1,000 in a certificate of deposit that matures after 20 years and that each year pays 4 percent interest, which is compounded annually until the certificate matures. a) How much...

Answered: 1 week ago

Question

★★★★★

Orca Industries is considering the purchase of Shark Manufacturing. Shark is currently a supplier for Orca and the acquisition would allow Orca to better control its material supply. The current cash...

Answered: 1 week ago

Question

★★★★★

What are lumpy assets, and how do these assets vary with sales?

Answered: 1 week ago

Question

★★★★★

Find the missing properties and give the phase of the substance. a. H 2 O s = 1.75 Btu/lbm R, T = 150 F h = ? P = ? x = ? b. H 2 O u = 1350 Btu/lbm, P = 1500 lbf/in .2 T = ? x = ? s = ?

Answered: 1 week ago

Question

★★★★★

List several personal qualities that help people to be happy.

Answered: 1 week ago

Question

★★★★★

Urban Window Company had gross wages of $320,000 during the week ended July 15. The amount of wages subject to social security tax was $320,000, while the amount of wages subject to federal and state...

Answered: 1 week ago

Question

★★★★★

Fujita, Incorporated, has no debt outstanding and a total market value of $222,000. Earnings before interest and taxes, EBIT, are projected to be $18,000 if economic conditions are normal. If there...

Answered: 1 week ago

Question

★★★★★

Ralph and Kathy Gump are married with one 20-year-old dependent child. Ralph earns a total of $98,000 and estimates their itemized deductions to be $28,500 for the year. Kathy is not employed. Use...

Answered: 1 week ago

Question

★★★★★

3. From the APT program given below, sketch the geometry of the resultant part and the tool path according to each statement based on your established x-y coordinate system. Clearly mark the...

Answered: 1 week ago

Question

★★★★★

A company named Contoso, Ltd. is migrating its legacy PBX system to Microsoft Teams Phone. As a Microsoft Teams administrator you want a single provider for Teams Phone and the PSTN carrier. What...

Answered: 1 week ago

Question

★★★★★

1.) On May 22, 2010, Nicanor bought house and lot valued at Php 10,000,000 paying 20% down-payment with the balance payable in 10 years. On September 30, 2019, Nicanor died. The fair market value at...

Answered: 1 week ago

Question

★★★★★

Tasks: 1. Using the above provided IP address and your learnings from class, configure the topology. 2. Please retain the interface names and IP addresses for network namespaces as shown in topology....

Answered: 1 week ago

Question

★★★★★

For a picnic, Julie brings a cylindrical cooler jug filled with cold lemonade. She also brings paper cone cups in which to serve the lemonade. 30 cm 50 cm 6 cm 10 cm Given the dimensions of the jug...

Answered: 1 week ago

Question

★★★★★

1 . 1 . From the RedPharm data, determine: a . . The average number of customer arrivals for each hour Time Block Average per Time Block 7:00-8:00 11.87 8:00-9:00 11.96 9:00-10:00 12.27 10:00-11:00...

Answered: 1 week ago

Question

★★★★★

Among other items, the trial balance of Filmblaster, Inc., a movie rental company, at December 31 of current year includes the following account balances: Examination of the records shows that...

Answered: 1 week ago

Question

★★★★★

Could the owner of a business prepare a statement of financial position on 9 December or 23 June or today?

Answered: 1 week ago

Question

★★★★★

You deposit $2,000 today, $3,000 one year from now, and $5,000 three years from now. How much money will you have at the end of year 3 if there are different annual compound??interest rates per...

Answered: 1 week ago

Question

★★★★★

Autonumerics, Inc. has just invested $600,000 in a manufacturing process that is estimated to generate an aftertax annual cash flow of $250,000 in each of the next five years. At the end of year 5,...

Answered: 1 week ago

Question

★★★★★

Consider the cash flows for the following investment projects: (a) For Project A , find the value of X that makes the equivalent annual receipts equal the equivalent annual disbursement at i = 13%....

Answered: 1 week ago

Question

★★★★★

For any events A and B with , show tha .

Answered: 1 week ago

Question

★★★★★

Return to the credit card scenario of Exercise 12 (Section 2.2), where , , , , and . Calculate and interpret each of the following probabilities (a Venn diagram might help). a. b. c. d. e. Given that...

Answered: 1 week ago

Question

★★★★★

The accompanying table gives information on the type of coffee selected by someone purchasing a single cup at a particular airport kiosk. Blood Group O A B AB 1 .082 .106 .008 .004 Ethnic Group 2...

Answered: 1 week ago

Previous Question Next Question