Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 01, 2024

Fourier made an investment of $12 000.00 earning an interest of $480.00. Calculate the time in months if the interest rate is 6%

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

Financial Econometrics

Authors: Peijie Wang

1st Edition

0415426693, 978-0415426695

More Books

Students also viewed these Finance questions

Question

★★★★★

Estimate your own moment of inertia about a vertical axis through the center of the top of your head when you are standing up straight with your arms outstretched. Make reasonable approximations and...

Answered: 1 week ago

Question

★★★★★

a. What are the two types of normal incidents? 16a.) Which of the following is a normal incident? a. A false alarm b. A major security breach c. Both A and B d. Neither A nor B b. Who handles normal...

Answered: 1 week ago

Question

★★★★★

1. Other than being suspicious and sensitive to criticism, what are the most important characteristics of paranoid people?

Answered: 1 week ago

Question

★★★★★

Abdulla Advertising Agency was founded by Miriam Abdulla in January 2009. Presented here are both the adjusted and unadjusted trial balances as of December 31, 2014. Instructions (a) Journalize the...

Answered: 1 week ago

Question

★★★★★

Please do it with steps, I do not want Excel answer. (4) A twenty-year loan of $25,000 is negotiated with the borrower agreeing to repay principal and interest at 5%. A level payment of $1,500 will...

Answered: 1 week ago

Question

★★★★★

The balance sheet for Bryan Corporation is given below. Sales for the year were $3,200,000, with 75 percent of sales sold on crecit. Compute the following ratios; (Use 365 days in o yeor. Do not...

Answered: 1 week ago

Question

★★★★★

Is there any lesson of significance that you have learned from the Goal? If so, explain the relevance of this operational phenomenon to service-based and manufacturing organizations.

Answered: 1 week ago

Question

★★★★★

The OM supervisor informs you, the researcher, that the data has a large standard deviation. What data pattern would you expect to observe once you generated a time series trend?

Answered: 1 week ago

Question

★★★★★

Kari, a member of the Wave Earbuds research team, will be presenting findings about the prototype for the new wireless earbuds during an upcoming meeting. Since this meeting will have representatives...

Answered: 1 week ago

Question

★★★★★

Correct answer with proper explanation Jack could manufacture COVID 19 test kits using two processes. For process 1, the unit cost of the first two million kits is $10, and the unit cost is reduced...

Answered: 1 week ago

Question

★★★★★

Explain the concept of masking interrupts. Discuss different masking mechanisms and how they can affect the execution of a program. Describe difficulties you might encounter when developing an...

Answered: 1 week ago

Question

★★★★★

(Appendices) Many employers have both group short-term and long-term disability-income plans. Compare (1) short-term plans with (2) long-term plans with respect to each of the following: LO8 a....

Answered: 1 week ago

Question

★★★★★

(Appendices) Brandon, age 32, is married and has a son, age one. Six months ago, Brandon purchased an individual health insurance policy covering the entire family. His son was recently diagnosed...

Answered: 1 week ago

Question

★★★★★

(Appendices) Ken, age 52, works only part-time and has no health insurance. The cartilage in both his knees is severely eroded from osteoarthritis, which causes severe pain during his daily...

Answered: 1 week ago

Previous Question Next Question