Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 30, 2024

QUESTION 9 Al invested $7,200 in an account that pays 4 percent simple interest. How much money will he have at the end of five

QUESTION 9 Al invested $7,200 in an account that pays 4 percent simple interest. How much money will he have at the end of five years? $8,299 $8,710 $8,678 $8,056 $8,640

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

Personal Finance QuickStart Guide

Authors: Morgen Rochard

1st Edition

1945051019, 978-1945051012

More Books

Students also viewed these Finance questions

Question

★★★★★

1. How much would you have in a bank account at the end of 9 years if $9,390 is invested at 3% compounded quarterly? 2. Suppose that you have $25,000 that you would like to invest for 5 years and you...

Answered: 1 week ago

Question

★★★★★

A static budget is a fixed budget which remains unchanged regardless of changes in sales volume and revenue (TRUE/ FALSE) Select one: True False

Answered: 1 week ago

Question

★★★★★

Consider the random walk that in each t time unit either goes up or down the amount t with respective probabilities p and 1 p, where p = 1 2 (1+ t). (a) Argue that as t 0 the resulting limiting...

Answered: 1 week ago

Question

★★★★★

1. Describe at least four general strategies you would take to convince the client firm that the benefits of implementing a performance management system will far outweigh the costs and difficulties...

Answered: 1 week ago

Question

★★★★★

You make up the board of Directors for Joe Manufacturing Company. Up for consideration is the purchase of a new widget maker. The machine cost $280,000 and has an expected useful life of 6 years with...

Answered: 1 week ago

Question

★★★★★

I got the answer but I need help explaining them using laws of physics and connecting that with the specific circumstances of the questions.

Answered: 1 week ago

Question

★★★★★

Let change in revenve according to time is function of f(t)=200*e^(0,02t) Find total revenue during 4 years. 2 answers

Answered: 1 week ago

Question

★★★★★

I need help with these questions with an explanation Jim invests $20,000 cash into his new company names JR, Inc. The company issues Jim common stock. The journal entry to record this transaction...

Answered: 1 week ago

Question

★★★★★

Diana is 7 years away from retirement and wants to have a total of $125,000 saved by then. She expects to earn 9% compounded semiannually on her investments. IF she currently has $50,000 saved, how...

Answered: 1 week ago

Question

★★★★★

What is the weight of Amphotec , an antibiotic preparation for aspergillus infection, necessary for a 135 pound patient at the rate of 3.5 mg/kg per dose?

Answered: 1 week ago

Question

★★★★★

98% Several students in a preschool class are having difficulty tracing lines and forming the letters of their own names using the correct direction and sequence. The teacher asks the COTA for...

Answered: 1 week ago

Question

★★★★★

Teamwork. Ethics. Form groups with four or five students in each. Each member of the group will choose a specific cultural dimension from among the following: ethnicity, race, gender, age, or...

Answered: 1 week ago

Question

★★★★★

Teamwork. Form groups of four to seven people. Discuss the importance of diversity initiatives in businesses. Plan an agenda for a seminar that could help people in a business understand the needs...

Answered: 1 week ago

Question

★★★★★

Technology. Global. Ethics. Interview a student, a businessperson, or a visiting lecturer who is a native of another country or who has spent extensive time in a particular country other than the...

Answered: 1 week ago

Previous Question Next Question