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

Question

1 Approved Answer

Mitchell Huntzberger recently sold his holdings in the stock market for $427,635 and is planning to invest the proceeds in a 3 year bank certificate

Mitchell Huntzberger recently sold his holdings in the stock market for $427,635 and is planning to invest the proceeds in a 3 year bank certificate of deposit with a rate of 4.15%. The amount Mitchell will have when the certificate matures is closest to:

A.

$378,525.74.
B.

$452,958.83.
C.

$483,115.61.

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

Financial Markets And Institutions

Financial Markets And Institutions

Authors: Anthony Saunders, Marcia Cornett

5th Edition

0078034663, 978-0078034664

More Books

Students also viewed these Finance questions

Question

★★★★★
What authoritative body(s) is (are) responsible for establishing financial accounting standards for NNOs?

Answered: 1 week ago

Question

★★★★★
Participants improving upon ideas of other members, either directly or by combining more ideas in addition to contributing ideas of their own is called_____________. (a) Hitch-hiking (b)...

Answered: 1 week ago

Question

★★★★★
Cite ways to overcome fear of success.

Answered: 1 week ago

Question

★★★★★
Doctors Mobey, Oak, and Chesterfield have been in a group practice for several years. Mobey and Oak are family practice physicians, and Chesterfield is a general surgeon. Chesterfield receives many...

Answered: 1 week ago

Question

★★★★★
Enter the following entries for the month of August. A. Purchased raw materials on account: $3,100. B. Selling and Administrative expenses incurred and paid: $1,200. C. Used direct materials: $3,900....

Answered: 1 week ago

Question

★★★★★
As depicted in the video "War and civilization: Horse warriors" the recurved bow was an important invention for warfare on horseback because Question 1 options: a) the recurve form doubled the...

Answered: 1 week ago

Question

★★★★★
Management at the Terrain Corporation is implementing a new just-in-time production system to achieve and maintain low inventory levels. This will help the company to reduce costs and increase...

Answered: 1 week ago

Question

★★★★★
Risk-neutral probabilities are always Select one: O equal to atomic prices O less than physical probabilities O equal to forward atomic prices O negative O equal to physical probabilities

Answered: 1 week ago

Question

★★★★★
its in-coming taxi Sh. H. Mukherjee constructed a building on 30th June, 2011. It had two flats of equal dimensions. One flat was let out to a tenant for residential purpose on a monthly rent of Rs...

Answered: 1 week ago

Question

★★★★★
Which of the following constitute barriers to training evaluation? a. Too much trainer expertise and lack of stakeholder interest or accountability. b. Ability to access key stakeholders and...

Answered: 1 week ago

Question

★★★★★
Find and post an article, video, or interview on why Compliance is important in an organization. Explain why you selected the particular document or materials.

Answered: 1 week ago

Question

★★★★★
The Leadership Grid states that the one best style to use in all situations is the 9,9 team manager style, with a high concern for both people and production. Do you agree with this statement?

Answered: 1 week ago

Question

★★★★★
Fiedlers contingency leadership theory states that managers cant change their leadership style; they are either task- or relationship-oriented. Do you agree with this statement?

Answered: 1 week ago

Question

★★★★★
After reading this case and viewing the video, describe whether you think Steve Jobs was passive, aggressive, passiveaggressive, or assertive.

Answered: 1 week ago

Previous Question Next Question