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

Question

1 Approved Answer

Suzette invested $2492.00 in a 123 -day term deposit at 6.19% p a. Using the future value formula, S=P(1+rt). determine how much the investment will

image text in transcribed
Suzette invested $2492.00 in a 123 -day term deposit at 6.19% p a. Using the future value formula, S=P(1+rt). determine how much the investment will be worth at maturity The future value is $ (Round the final 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

Handbook Of Financial Planning And Control

Handbook Of Financial Planning And Control

Authors: Robert P. Greenwood

3rd Edition

0566083728, 978-0566083723

More Books

Students also viewed these Finance questions

Question

★★★★★
What are the three categories of product cost in a manufacturing operation? Describe each element briefly.

Answered: 1 week ago

Question

★★★★★
Evaluate each of the following. (5/6) 4

Answered: 1 week ago

Question

★★★★★
LO 3-5 Mikah is a salaried, exempt employee with CaxKyat Stores. Mikah is single with one dependent under 17 and earns $35,568 per year. Complete the payroll register for the biweekly pay period...

Answered: 1 week ago

Question

★★★★★
Superior Carpet Cleaning provided $76,000 of services during 2013, its first year of operations. All customers paid for the services with major credit cards. Superior submitted the credit card...

Answered: 1 week ago

Question

★★★★★
You believe in the power of compounding and decide to save $1 per day by avoiding the purchase of a soda. You deposit the $1 at the end of each day in a bank account that pays 8% interest compounded...

Answered: 1 week ago

Question

★★★★★
What is the generic formula for the voltage in a series RLC circuit?

Answered: 1 week ago

Question

★★★★★
The following function gives the cost, in dollars, of producing a kilograms of fertilizer: C(x)=0.001x- 0.14x + 7x + 160 What is the instantaneous rate of change of the cost when 50 kilograms are...

Answered: 1 week ago

Question

★★★★★
Show C code for below. Task: Write a program than calculates the square root of a positive number entered by the user Instructions: Write a main module (fileMain.c) that prompts the user for a value...

Answered: 1 week ago

Question

★★★★★
The comp set average for occupancy rate was 80%. Hotel A's occupancy rate was 75%. What is Hotel A's occupancy index? 102.54 98.75 93.75 100

Answered: 1 week ago

Question

★★★★★
describe why gland packing should have some small amount of leakage and may also require external cooling

Answered: 1 week ago

Question

★★★★★
In the Deacon process for the manufacture of C12, a dry mixture of HCl and air is passed over a heated catalyst that promotes the oxidation of HCl to Cl2. The Deacon process can be reversed and HCl...

Answered: 1 week ago

Question

★★★★★
a lack of management responsibility concerning ecological issues and the utilization of scarce resources.

Answered: 1 week ago

Question

★★★★★
a neglect of quality in relationship to international competitors;

Answered: 1 week ago

Question

★★★★★
full employment policies, and therefore lack of concern with negative appraisal, as salaries varied very little and there was no danger of unemployment;

Answered: 1 week ago

Previous Question Next Question