Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 20, 2024

8. What rate of interest did you receive over a period of 67 days if your principal was $74447 and it has a maturity value

8. What rate of interest did you receive over a period of 67 days if your principal was $74447 and it has a maturity value of $7601? A. 11.94% B. 11.49% C. 11.69% D. 11.99% (4 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

Managing The Audit Function A Corporate Audit Department Procedures Guide

Authors: Michael P. Cangemi

2nd Edition

0471012556, 978-0471012559

More Books

Students also viewed these Finance questions

Question

★★★★★

The tide, or depth of the ocean near the shore, changes throughout the day. The water depth d (in feet) of a bay can be modeled by d = 35 - 28 cos / 6.2 t where t represents the time in hours, with...

Answered: 1 week ago

Question

★★★★★

How much state and local income tax did New York Yankee Alex Rodriguez owe to your state last year?

Answered: 1 week ago

Question

★★★★★

(LO1) (Fundamentals of Revenue Recognition) Presented below are five different situations. Provide an answer to each of these questions. 1. The Kawaski Jeep dealership sells both new and used Jeeps....

Answered: 1 week ago

Question

★★★★★

How could a hospital firm use the mix variances to analyze salary costs regarding emergency room services?

Answered: 1 week ago

Question

★★★★★

Question 7 3 pts Bankruptcy can do the following for you. True or false? Protect those who co - signed your loans Stop wage garnishment Eliminate child support Cancel most student loans Discharge...

Answered: 1 week ago

Question

★★★★★

according to survey 60% of respondents and 40% are democrats. Find the probability that 10 at 21 randomly selected respondents are democrats

Answered: 1 week ago

Question

★★★★★

Question: What does the default keyword specify when used in an interface in Java? A) It allows the method to have a default implementation that can be used by implementing classes. B) It makes the...

Answered: 1 week ago

Question

★★★★★

Who is considered the creator of the Constitution of America at present? Describe the fundamental rights of America. Where were the fundamental rights of America taken from?

Answered: 1 week ago

Question

★★★★★

Question: What is the primary purpose of the super keyword in Java? A) It allows a method to call another method with the same name in a superclass. B) It creates an instance of a superclass. C) It...

Answered: 1 week ago

Question

★★★★★

Question: What is the significance of the this keyword in Java? A) It refers to the current classs static methods and fields. B) It refers to the current instance of the class, allowing access to its...

Answered: 1 week ago

Question

★★★★★

Question: How does Java handle method overriding when a subclass provides a method with the same name and parameters as a method in its superclass? A) The subclass method automatically overrides the...

Answered: 1 week ago

Question

★★★★★

Prepare to discuss in class either the pro or the con viewpoint for one of the two following statements. Support your position with examples of situations that have happened or could happen....

Answered: 1 week ago

Question

★★★★★

What are resonators and articulators, and how do they work together to create a strong, rich voice quality? (Objective 1)

Answered: 1 week ago

Question

★★★★★

Teamwork. Global. Form groups of four students. Have each group get five to seven pictures (from magazines or pictures they take) of people (from different cultures if possible) illustrating...

Answered: 1 week ago

Previous Question Next Question