FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If you start with a principal of 1ooo $ and it compounds with simple interest at 5% a year, then how much money would you

If you start with a principal of 1ooo $ and it compounds with simple interest at 5% a year, then how much money would you have (including principal and interest) in 1 year?

Group of answer choices

$1000

$1050

$1005

$1500

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

Students also viewed these Finance questions

Question

Is it tenure-track, tenured, or something other designation?

Answered: 1 week ago

Question

★★★★★
In a truck-loading station at a post office a small O.200-kg Package is released from rest at point A on a track that is one-quarter of a circle with radius 1.60 m (Fig. 7.39). The size of the...

Answered: 1 week ago

Question

★★★★★
A local bank is running the following advertisement in the newspaper: "For just $2,000 we will pay you $100 forever!" The fine print in the ad says that for a $2,000 $100 every year in perpetuity,...

Answered: 1 week ago

Question

★★★★★
Project K costs $52,125, its expected cash inflows are $12,000 per year for 8 years, and its WACC is 12%. 1. What is the project's NPV? 2. What is the project's IRR? 3. What is the project's MIRR?...

Answered: 1 week ago

Question

★★★★★
For the bar magnet in Figure P28.18, which of the four locations labeled 1,2,3,4 has the greatest density of magnetic field lines? Data from Figure P28.18 N d 2 P.P. d S 3

Answered: 1 week ago

Question

★★★★★
In what type of electrical conductor could the charge on the charge carriers in a current have a magnitude other than \(e\) ?

Answered: 1 week ago

Question

★★★★★
Consider an isolated system of two identical electric dipoles as in Figure P25.6. For which orientation is the electric potential energy smaller? Data from Figure P25.6 (a) (b)

Answered: 1 week ago

Question

★★★★★
Does the light bulb in Figure P31.92 light up? Why or why not? Data from Figure P31.92 +

Answered: 1 week ago

Question

★★★★★
Compute the matrix exponential e At for each system x' = Ax given in Problems 9 through 20. x' 1 = 4x 1 + 2x 2 , x' 2 = 2x 1 + 4x 2 Data in Problem 9 through 20 9. x = 5x14x2, x = 2x1-x2 x = 4x14x2...

Answered: 1 week ago

Previous Question Next Question