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

Question

1 Approved Answer

A bank offers a CD that pays a simple interest rate of 2.5% How much must you put in this CD now in order to

image text in transcribed
A bank offers a CD that pays a simple interest rate of 2.5% How much must you put in this CD now in order to have $2,000 for a homo-entertainment center in 4 years, The present value that must be invested to get $2,000 after 4 years at an interest rate of 2.5% $(Round up to the nearest cent.)

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

Step: 3

blur-text-image

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

Auditing Basics

Auditing Basics

Authors: 3G E-Learning

1st Edition

1984624261, 978-1984624260

More Books

Students also viewed these Accounting questions

Question

★★★★★
A 20,000-liter storage tank was taken out of service to repair and reattach a feed line damaged in a collision with a tanker. The tank was drained and then opened several days later for a welder to...

Answered: 1 week ago

Question

★★★★★
Determine the resultant moment produced by the forces about point O. F = 200 lb 30 -6 ft F = 300 lb 6 ft 30

Answered: 1 week ago

Question

★★★★★
How would you give your students concrete experiences with symbolism?

Answered: 1 week ago

Question

★★★★★
Coca-Cola is a well-established consumer products company with a strong position in the global market. The sales of their core soda products have remained relatively stable for decades, yet the...

Answered: 1 week ago

Question

★★★★★
Identify 1 or more communication problems that establishing an agenda solves during vitual meetings. How can establishing an agenda or a similar rule be implemented in a workplace team - - a team...

Answered: 1 week ago

Question

★★★★★
Use the information for the following problem(s). Central Valley Transit Inc. (CVT) has just signed a contract to purchase light rail cars from a manufacturer in Germany for euro 3,000,000. The...

Answered: 1 week ago

Question

★★★★★
accounting 2 unit 6 quiz Ames Corporation's net accounts receivable were $750,000 on December 31, 20X1, and $1,250,000 on December 31, 20X2. Net cash sales for 20X2 were $3,300,000. The accounts...

Answered: 1 week ago

Question

★★★★★
Patients are given a 10-point Likert scale form to fill out after meeting with their doctor. Ayanda has calculated a 92% confidence interval to estimate the true mean satisfaction rating from...

Answered: 1 week ago

Question

★★★★★
Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year: Cost of clay used in production $...

Answered: 1 week ago

Question

★★★★★
Jennifer Prescott, age 47, has developed chest pain and difficulty breathing Jennifer has had several episodes of coughing up thick blood-tinged sputum A diagnostic bronchoscopy is performed and a...

Answered: 1 week ago

Question

★★★★★
Which option best describes traits of adaptive/agile development approaches? A) Iterative and incremental development approaches, constant feedback loops, changes are expected B) Planning,...

Answered: 1 week ago

Question

★★★★★
d. Who are important leaders and heroes of the group?

Answered: 1 week ago

Question

★★★★★
7. What is the significance of the shift from history to histories? How does this shift help us understand intercultural communication?

Answered: 1 week ago

Question

★★★★★
f. How has the history of this group influenced the identity of group members today?

Answered: 1 week ago

Previous Question Next Question