Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 28, 2024

How much would a person receive as interest on depositing 48,000 o nthe rate of 5% per annum each year

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

Value Investing

Authors: Mike Hartley

1st Edition

979-8864443309

More Books

Students also viewed these Finance questions

Question

Suppose GDP is $5.0 trillion, resource extraction is $0.5 trillion, production is $1.5 trillion, and distribution is $1.0 trillion. LO7.6 a. How big is GO? b. How big is GO minus GDP?

Answered: 1 week ago

Question

★★★★★

The Potomac Range Corporation manufactures a line of microwave ovens costing $500 each. Its sales have averaged about 6,000 units per month during the past year. In August, Potomacs closest...

Answered: 1 week ago

Question

★★★★★

What is a good explanation as to why/how the FF 3-factor model was developed? Other researchers noticed anomalies in the market which needed further investigation such as smaller firms producing...

Answered: 1 week ago

Question

★★★★★

a) Consider the numpy arrays a and b defined in the code below. a=nparray([4,2,7,5]),reshape(2,2)b=nparray([num2fornumina]).reshape(2,2) Match each line of code to its output below. \#\# (a) print...

Answered: 1 week ago

Question

★★★★★

1. what is the colour sand dunes in Map ? 2.Name of the map depicted the scientific theme?

Answered: 1 week ago

Question

★★★★★

1. Which colour is used to for water? 2. What does PS,PO, represent ?

Answered: 1 week ago

Question

★★★★★

1. Signs and symbols of the map Briefly by box ?

Answered: 1 week ago

Question

★★★★★

Types of physical Maps?

Answered: 1 week ago

Question

★★★★★

Explain Intermediate term financing in detail.

Answered: 1 week ago

Question

★★★★★

5. Whenever currency is deposited in a commercial bank, cash goes out of circulation and, as a result, the supply of money is reduced. Do you agree? Explain why or why not. LO35.2

Answered: 1 week ago

Question

★★★★★

2. A commercial bank has $100 million in checkable-deposit liabilities and $12 million in actual reserves. The required reserve ratio is 10 percent. How big are the banks excess reserves? LO35.2 a....

Answered: 1 week ago

Question

★★★★★

8. Explain why a single commercial bank can safely lend only an amount equal to its excess reserves, but the commercial banking system as a whole can lend by a multiple of its excess reserves. What...

Answered: 1 week ago

Previous Question Next Question