Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with these simple interest questions. What principal will have a future value of $7956.00 at 3.0% in eight months? The principal is

image text in transcribedimage text in transcribedimage text in transcribed

I need help with these simple interest questions.

image text in transcribedimage text in transcribedimage text in transcribed
What principal will have a future value of $7956.00 at 3.0% in eight months? The principal is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)At what rate of interest must a principal of $1545 be invested to earn interest of $58.93 in 150 days? The required interest rate is -|%. (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)Ca r10 invested $2504.03 in a 268dav term deposit at 6.92% pa. Using the future value formula, 8 = P(1 + rt), determine how much the investment will be worth at maturity. The future value is $|:. (Round the nal answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Fundamental Accounting Principles

Authors: John J Wild, Ken Shaw

24th edition

1259916960, 978-1259916960

More Books

Students also viewed these Accounting questions

Question

state and explain five reason for using the b2 form

Answered: 1 week ago

Question

6. What information processes operate in communication situations?

Answered: 1 week ago

Question

3. How can we use information and communication to generate trust?

Answered: 1 week ago