Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 06, 2024

Determine the interest rate earned on a $1,400 deposit when $1,800 is paid back in one year. (Round your answer to 2 decimal places.) Group

Determine the interest rate earned on a $1,400 deposit when $1,800 is paid back in one year. (Round your answer to 2 decimal places.)

Group of answer choices

28.57%

14.29%

21.43%

18.57%

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

How To Adult Personal Finance For The Real World

Authors: Jake Cousineau

1st Edition

8581084830, 979-8581084830

More Books

Students also viewed these Finance questions

Question

★★★★★

Identify all the paths in the following network, compute the length of each, and indicate the critical path (activity times are inweeks): 2 8 54 5 0

Answered: 1 week ago

Question

★★★★★

A local bookstore is keeping a database of its customers to find out more about their spending habits so that the store can start to make personal recommendations based on past purchases. Here are...

Answered: 1 week ago

Question

★★★★★

=+increased from 1983 to 2015? That is, has it doubled, tripled, and so on? d. What do your results tell you about how people officially classified as poor have done economically relative to other...

Answered: 1 week ago

Question

★★★★★

United Resources Company obtained a charter from the state in January 2011, which authorized 200,000 shares of common stock , $1 par value. During the first year, the company earned $475,000 and the...

Answered: 1 week ago

Question

★★★★★

Question 16 5 pts One share of equity in Mullen Inc. is currently trading at $49 per share. In one year, the price is expected to (1) rise to $65, or (2) fall to $40. You are interested in a call...

Answered: 1 week ago

Question

★★★★★

Each individual criminal justice professional has a personal set of ethics that plays a crucial role in discretionary decision making. , under what circumstances might the use of discretion by...

Answered: 1 week ago

Question

★★★★★

Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Claimjumper Sales Variable expenses...

Answered: 1 week ago

Question

★★★★★

=35 Let X and Y be normally distributed with X-N(14, a) and Y~N(22, a), a > 0. a. Find b so that P(X > b) = P(Y 20) = 0.112. Find P(16 Answered: 1 week ago

Answered: 1 week ago

Question

★★★★★

During 2024, its first year of operations, Pave Construction provides services on account of $160,000. By the end of 2024, cash collections on these accounts total $110,000. Pave estimates that 25%...

Answered: 1 week ago

Question

★★★★★

For a function for 50 guests you require 8.500 kg of trimmed lamb. Trimmings are 20 %. How much lamb do you need to order from stores? Provide your answer to 3 decimal places) Also consider the...

Answered: 1 week ago

Question

★★★★★

An investment universe of the following risky assets with a dependence structure (correlation) is given. Use the ready appropriate formulae from Portfolio Optimisation Lecture. Asset A 0.02 0.05 1...

Answered: 1 week ago

Previous Question Next Question