FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

8 Suppose Alexus deposits $1,146 into her savings account with her bank 14 days ago and she received a $64 check for the interest from

8
image text in transcribed
Suppose Alexus deposits $1,146 into her savings account with her bank 14 days ago and she received a $64 check for the interest from her bank. What is the annual interest rate her bank is paying her? (Use 7 days per week, 30 days per month and 360 days per year) (Round your answer to two decimal points)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Ecology, Sustainable Development And Accounting

Ecology, Sustainable Development And Accounting

Authors: Seleshi Sisaye

1st Edition

0415816351, 9780415816359

More Books

Students also viewed these Accounting questions

Question

★★★★★
In Figure, there are small dips in the ionization-energy curve at Z = 31 (gallium) and Z = 49 (indium) that are not labeled. Explain these dips using the electron configurations of these atoms given...

Answered: 1 week ago

Question

★★★★★
20 After listening to a seminar on the virtues of the Japanese theory of production, Hallco has cut its day shift setup cost to $1,000 per shift and its night shift setup cost to $3,500 per shift....

Answered: 1 week ago

Question

★★★★★
1. For not turning in homework: (1) receive reminder; (2) receive warning; (3) hand homework in before close of school day; (4) stay after school to finish work; (5) participate in a...

Answered: 1 week ago

Question

★★★★★
1. Why should wealthy nations be concerned about seeing that poor ones collect their fair share of taxes? 2. Do you agree that accountants and accounting firms share the blame for perpetuating...

Answered: 1 week ago

Question

★★★★★
What is the issue with this function as defined? defdouble():print(x2) The function name must start with a capital letter A numeric value must be converted to a string before printing The number to...

Answered: 1 week ago

Question

★★★★★
Firm DFG plans to open a foreign subsidiary through which to sell its manufactured goods in the European market. It must decide between locating the subsidiary in Country X or Country Z. If the...

Answered: 1 week ago

Question

★★★★★
Please answer the following and number the answers in the work. Questions are asking about the Intel 8086 processor assembly language 11. How could you use the PUSH and POP instructions to preserve...

Answered: 1 week ago

Question

★★★★★
A. Draw a graph to show equilibrium price. (3 points) Demand Supply Equilibrium price Quantity A Draw a graph to show equilibriurn price. (3 points)

Answered: 1 week ago

Question

★★★★★
Imagine a senior executive has asked you to conduct an organizational self-assessment based on the Four-Frame Model. Choose an organization that you either worked for, are familiar with, or have...

Answered: 1 week ago

Question

★★★★★
A pony, tied to the end of a lead, can walk in a full circle, a distance of 56.55 meters. About how long is its lead? A. 28.3 meters B. 18.0 meters C. 9.0 meters D. 7.5 meters

Answered: 1 week ago

Question

★★★★★
2. For an idealized slipper-pad bearing, the bottom wall moves at a constant velocity U and the upper block is fixed. Both the moving and fixed walls are non- permeable. If the velocity within the...

Answered: 1 week ago

Question

★★★★★
4. The monthly profits of Hi-Mark corporation were organized into a frequency distribution. The mean of monthly profits was computed to be $105 600, the median $104 700, and the mode $104 200. (a)...

Answered: 1 week ago

Question

★★★★★
Can knowledge workers and/or professionals be performance-managed?

Answered: 1 week ago

Question

★★★★★
What is the role of objectives in performance management? Can performance be managed by objectives?

Answered: 1 week ago

Question

★★★★★
Does a PMS enhance strategic integration within HRM?

Answered: 1 week ago

Previous Question Next Question