Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 13, 2024

s7.=You borrow $800 today at r = 12% from a bank that uses ordinary interest (Banker's rule). You pay back at least $845 in n-days.

s7.=You borrow $800 today at r = 12% from a bank that uses ordinary interest (Banker's rule). You pay back at least $845 in n-days. What is the value of n? =168 (B) 169 (C) 171 (D) 172

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

Financial Management Core Concepts

Authors: Raymond M Brooks

2nd edition

132671034, 978-0132671033

More Books

Students also viewed these Accounting questions

Question

★★★★★

Distinguish between relevance and reliability as these concepts relate to audit evidence. How are relevance and reliability associated with the appropriateness of audit evidence?

Answered: 1 week ago

Question

★★★★★

12. Riverside Company has prepared the following budget for June: Unit sales, selling price per unit, variable cost per unit, total fixed costs, and all inventories are anticipated to remain constant...

Answered: 1 week ago

Question

★★★★★

2. Ask parents for suggestions about how their childs interests could be connected to the curriculum topics.

Answered: 1 week ago

Question

★★★★★

Subsequent Events and Subsequently Discovered Facts. Michael Ewing is auditing the financial statements of Dallas Company for the year ended December 31, 2014. In concluding the process of gathering...

Answered: 1 week ago

Question

★★★★★

I Indigo Company began the year with the beginning balances shown below and experienced these transactions: 1. Wrote off $500 of accounts receivable that were deemed uncollectible. 2. Provided...

Answered: 1 week ago

Question

★★★★★

The 10-year historical demand data for a part is presented in the following table. Year 1 2 3 4 5 8 9 1900 2100 Demand 2150 1900 2100 1850 2050 1900 2200 Determine the forecast for year 11 using the...

Answered: 1 week ago

Question

★★★★★

Consider the nonlinear regression model $y=\exp \left(\mathbf{x}^{\prime} \boldsymbol{\beta} ight) /\left[1+\exp \left(\mathbf{x}^{\prime} \boldsymbol{\beta} ight) ight]+u$, where the error term is...

Answered: 1 week ago

Question

★★★★★

The term blue chip applies to stocks issued by a company in excellent financial standing with a record of producing earnings and paying dividends. Stocks in companies such as GE and Chrysler were...

Answered: 1 week ago

Question

★★★★★

An ETF is a. a contract that gives a buyer the right to buy or sell a security at a specified price on or before a certain date. b. an agreement between a buyer and seller to buy an asset at a later...

Answered: 1 week ago

Question

★★★★★

Treasury notes are bonds that mature in 2, 3, 5, 7, and 10 years. True or False

Answered: 1 week ago

Question

★★★★★

If you own a $5,000 bond that has a coupon of 4 percent and pays interest semiannually, how much interest would you receive? a. $200 every six months b. $200 once a year c. $200 every two years d....

Answered: 1 week ago

Question

★★★★★

Poseidon Shipping reported the following for 2018: Net sales: Net income: Market price per share of common stock: Dividends: $375,000.00 $33,600.00 $37.50 $22,500.00 Average number of shares of...

Answered: 1 week ago

Question

★★★★★

The role of life: It consists of your own service to yourself.

Answered: 1 week ago

Question

★★★★★

Competence: What knowledge, skills and attitude do I have towards what I am going to do?

Answered: 1 week ago

Question

★★★★★

1. Imagine a real situation in your workplace or home situation, where you have given another person feedback on something he has done. a. What was your intention? b. How was the feedback perceived?...

Answered: 1 week ago

Previous Question Next Question