Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 06, 2024

Given interest of $11,900 at 6% for 50 days (ordinary interest), one can calculate the principal as: (Do not round intermediate calculations.) Multiple Choice $1,248,005.70

image text in transcribed

Given interest of $11,900 at 6% for 50 days (ordinary interest), one can calculate the principal as: (Do not round intermediate calculations.) Multiple Choice $1,248,005.70 None of these $1.420.70 $1,428,000.00 $4,128,005.70

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

Economics For Investment Decision Makers

Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto

1st Edition

1118111966, 9781118111963

More Books

Students also viewed these Finance questions

Question

★★★★★

Cosmo Thomas started a new business, Thomas Gymnastics, and completed the following transactions during December: Dec. 1 Received $19,000 cash from Thomas in exchange for common stock. 2 Received...

Answered: 1 week ago

Question

★★★★★

When n 26, what is used in place of Table J for the sign test?

Answered: 1 week ago

Question

★★★★★

In general, why is it important for clinical psychologists to be culturally competent when working with members of this culture?

Answered: 1 week ago

Question

★★★★★

A 0.2-m-wide plate, 0.8 m long, is placed on the bottom of a shallow tank. The plate is heated, and maintained at a constant surface temperature of 60°C. Liquid water 12 cm deep flows over the...

Answered: 1 week ago

Question

★★★★★

Question 3 1 asks: "The ending common stock and retained earnings balance on the Statement of Equity agrees to the equity section of the Balance Sheet." It's a true or false statement, and the answer...

Answered: 1 week ago

Question

★★★★★

One of the Purchasing and Subcontracts Management department's primary goals is to create a stream of deliveries into the firm's premises that minimize the raw materials inventory investment while...

Answered: 1 week ago

Question

★★★★★

Knightro has three variables that store the length of each of his runs, run1, run2, run3 and he is trying to find the average of these three numbers and save it into the variable name overall. Write...

Answered: 1 week ago

Question

★★★★★

Problem 2. By using R function generate a simple and random sample of size n for the population X ~N(2, 32). 3/n (i) Let n = 20, compute X-2 and (n-1)52. Then, repeat (i) for 100 times X-2 and (n-1)...

Answered: 1 week ago

Question

★★★★★

What does the term "acceptable level" mean when used in the GAO conceptual framework to describe threats to independence? The circumstances are fluid but stable in terms of the auditor's...

Answered: 1 week ago

Question

★★★★★

5. Wabasha Co. has two service departments (A and B) and two producing departments (X and Y). Data provided are as follows: Service Depts. Operating Depts. A B X Y Direct costs $150 $300 Services...

Answered: 1 week ago

Question

★★★★★

4.Find the network Id, broadcast id and the binary conversion of the following IPs. i.20. 210. 47. 225/13 ii.220. 20. 17. 5/27 iii.10. 10. 7. 17/19 iv. 192. 12. 8. 1/18 v.172. 1. 4. 5/20

Answered: 1 week ago

Question

★★★★★

Visit the website of an organization you think you might like to join. Explore different links on the site to learn about the organizations policies and the image it presents. From the material on...

Answered: 1 week ago

Question

★★★★★

Robin Clairs book Organizing Silence (1998; Albany: State University of New York Press) offers an excellent analysis of ways organizations and their members silence employees who object to unfair...

Answered: 1 week ago

Question

★★★★★

What are the advantages and disadvantages of diff erent styles of delivery?

Answered: 1 week ago

Previous Question Next Question