[Solved] . A deposit of $ 5 0 0 made five years ag

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 08, 2024

. A deposit of $ 5 0 0 made five years ago is worth $ 7 0 5 . 3 0 today. The deposit pays

.

A deposit of $

500

made five years ago is worth $

705.30

today. The deposit pays

interest semi

-

annually. What is the interest rate?lo

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

Make Money Teaching Online Courses

Authors: Andrew P.C.

1st Edition

ISBN: 1071003925, 978-1071003923

More Books

Students also viewed these Finance questions

Question

★★★★★

Let X1, ... , Xn be a random sample from a gamma distribution with parameters a and b. a. Derive the equations whose solutions Yield the maximum likelihood estimators of a and b. Do you think they...

Answered: 1 week ago

Question

★★★★★

4 What occurs in a typical business-to-consumer transaction.

Answered: 1 week ago

Question

★★★★★

=+(2.8) P(AUB) = P(A) + P(B)-P(AnB). This is the case n = 2 of the general inclusion-exclusion formula:

Answered: 1 week ago

Question

★★★★★

1. How has HSBC adapted its global strategy to operate in China, both before and after Chinas WTO accession? 2. Discuss HSBCs strategy for entering and operating in other emerging markets. Where has...

Answered: 1 week ago

Question

★★★★★

Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company's discount rate is 17%. After careful study, Oakmont estimated the following costs and...

Answered: 1 week ago

Question

★★★★★

Please choose a category to explore: Equal protection clause of the 14th amendment or Title VI of the Civil Rights Act of 1965 . Find a current or recent environmental justice case or identify a...

Answered: 1 week ago

Question

★★★★★

The process of recruitment has always been a high volume and constant in the hospitality industry. The industry has a relatively large proportion of entry level, low skilled jobs which by their...

Answered: 1 week ago

Question

★★★★★

For each of the problems below, the material is assumed to be carbon (M55 fiber) / epoxy composite with the following properties: E = 40 Msi E2 = 1.8 Msi V12 = 0.3 G12 = 0.7 Msi X = 230 ksi Xc = -180...

Answered: 1 week ago

Question

★★★★★

Directed Research on a Company (10% of overall grade) The purpose of this assignment is to provide the opportunity to demonstrate your ability to research a global company and show how companies can...

Answered: 1 week ago

Question

★★★★★

Johanna Strauss had worked for more than 25 years as the executive assistant of top managers in large Canadian corporations. After retirement she decided to go on a trip around the world until she...

Answered: 1 week ago

Question

★★★★★

need answer all please asap 13. The Centers for Disease Control and Prevention reports that 25% of baby boyy 6-8 months old in the U.S. weight more than 20 pounds. A sample of 16 babies is studied. n...

Answered: 1 week ago

Question

★★★★★

10-18 Do you think Zagats decision to use a pay wall for its Web site was a mistake? Why or why not? Founded by Tim and Nina Zagat, the Zagat Survey has collected and published ratings of restaurants...

Answered: 1 week ago

Question

★★★★★

Explain the origins of human resources (HR) and their development over the last 100 years.

Answered: 1 week ago

Question

★★★★★

10-17 Why was Zagats content well suited for the Web and for the mobile digital platform? Founded by Tim and Nina Zagat, the Zagat Survey has collected and published ratings of restaurants by diners...

Answered: 1 week ago

Previous Question Next Question