Business Math
Josiah put $15,000 into a 90-day term deposit in a Bank that paid a simple interest rate of 3.2%. When the term deposit matured, he invested the entire amount of the principal and interest from the first term deposit into a new 90-day term deposit that paid the same rate of interest.
What total amount of interest did he earn on both term deposit? Do you believe this was a good investment?
Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
al. If the loan requires being A company offers to loan $6,000 using a car title...
al. If the loan requires being A company offers to loan $6,000 using a car title as collateral. If the loan paid back $7,500 in 3 months, what simple interest rate did the loan company earn? If the loan company made a similar $6,000 every 3 months for a year, how much total of the year? interest would they earn over the course Exercise 1.2.10. Bobby is buying a house from Ami for $15,000. To complete the sale of a...
I need steps for the answer 6s PROBLEM 1. what an ount will be owed in...
I need steps for the answer
6s PROBLEM 1. what an ount will be owed in S year, i, SS00 "browed now at 10% per year simple interest Answer 57,300 rd:: For what period of time will S500 have to be invested to smount to$625 earns ธ0% simple interes. Per an.suns? Anawer 2.5 years 3. What is the principal amount if the principal plus interest at the end of I years is$14,000 for a simple interest "ase of 12% per...
me that fixed Financial contracts involving investments, mortgages, loans, and so on are based on either...
me that fixed Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variable interest rate. Assume Interest rates are used throughout this question. Emma deposited $500 in a savings account at her bank. Her account will earn an annual simple interest rate of 9%. If she makes no additional deposits or withdrawals, how much money will she have in her account in 11 years? $995.00 $145.00 $1,290.21 $549.05 Now, assume that Emma's...
An FI has purchased (borrowed) a one-year $10 million Eurodollar deposit at an annual interest rate...
An FI has purchased (borrowed) a one-year $10 million Eurodollar deposit at an annual interest rate of 6 percent. It has invested these proceeds in one-year Euro (€) bonds at an annual rate of 6.5 percent after converting them at the current spot rate of €1.75/$. Both interest and principal are paid at the end of the year. What is the spread earned by the bank at the end of the year if the exchange rate remains at €1.75/$? A....
Instructions: Read each item below. Use the PVIF and FVIF tables and the simple interest formula...
Instructions: Read each item below. Use the PVIF and FVIF tables and the simple interest formula to help answer the items below. Joel is going to put $2500 in a savings account at a local bank. The savings account will earn Joel 8% annually, simple interest. How much will Joel have in his account if he leaves the money there for 5 years? 10 years? If Joel had put the $2500 in an account in which the interest compounded annually,...
The principal of the time value of money is probably the single most important concept in financial management.
1. Future valueThe principal of the time value of money is probably the single most important concept in financial management. One of the most frequently encountered applications involves the calculation of a future value.The process for converting present values into future values is called _______ . This process requires knowledge of the values of three of four time-value-of-money variables. Which of the following is not one of these variables?The inflation rate indicating the change in average pricesThe interest rate (I)...
With all of the extra profit being made at Mr. Alfredo’s Amazing Pasta Sauce Company, a...
With all of the extra profit being made at Mr. Alfredo’s Amazing Pasta Sauce Company, a decision has to be made on how to invest it. Bank A and Bank B Uses Simple Interest: ? = ??? I = Interest earned P = Principal r = Interest rate t = Time (years) Bank C Uses Compound Interest: ? = ?(1 + ?)5 A = Amount you end with P = Principal Bank A offers a 3% interest rate on the...
Problem 4 (Required, 25 marks) Recently, a company has borrowed an amount of $300,000 from the...
Problem 4 (Required, 25 marks) Recently, a company has borrowed an amount of $300,000 from the bank. The company will pay the interest payment interest due) to the bank at the end of every month until the loan principal is repaid. The bank charges interest rate at an annual nominal interest rate 10% compounded continuously. At the same time, the company makes a monthly deposit $600 into a sinking fund at the end of every month. The sinking fund earns...
The principal of the time value of money is probably the single most important concept in...
The principal of the time value of money is probably the single most important concept in financial management. One of the most frequenty encountered applications involves the calculation of a future value. The process for converting present values into future values is called knowledge of the values of three of fourtime-value-of-money variables. which of the following is not one of these This process requires ariables? O The interest rate (1) that could be eamed by deposited funds O The duration...
a)What rate of interest did Kentaro Sakaguchi receive over a period of 60 days if he...
a)What rate of interest did Kentaro Sakaguchi receive over a period of 60 days if he invested $8000 and receive interest in the amount of $131.51? b)How many days would it take for Ms. Tuba’s investment of $6700 to earn in interest is she is able to earn a rate of 1.5%?
al. If the loan requires being A company offers to loan $6,000 using a car title as collateral. If the loan paid back $7,500 in 3 months, what simple interest rate did the loan company earn? If the loan company made a similar $6,000 every 3 months for a year, how much total of the year? interest would they earn over the course Exercise 1.2.10. Bobby is buying a house from Ami for $15,000. To complete the sale of a...
I need steps for the answer
6s PROBLEM 1. what an ount will be owed in S year, i, SS00 "browed now at 10% per year simple interest Answer 57,300 rd:: For what period of time will S500 have to be invested to smount to$625 earns ธ0% simple interes. Per an.suns? Anawer 2.5 years 3. What is the principal amount if the principal plus interest at the end of I years is$14,000 for a simple interest "ase of 12% per...
me that fixed Financial contracts involving investments, mortgages, loans, and so on are based on either a fixed or a variable interest rate. Assume Interest rates are used throughout this question. Emma deposited $500 in a savings account at her bank. Her account will earn an annual simple interest rate of 9%. If she makes no additional deposits or withdrawals, how much money will she have in her account in 11 years? $995.00 $145.00 $1,290.21 $549.05 Now, assume that Emma's...
1. Future valueThe principal of the time value of money is probably the single most important concept in financial management. One of the most frequently encountered applications involves the calculation of a future value.The process for converting present values into future values is called _______ . This process requires knowledge of the values of three of four time-value-of-money variables. Which of the following is not one of these variables?The inflation rate indicating the change in average pricesThe interest rate (I)...
Problem 4 (Required, 25 marks) Recently, a company has borrowed an amount of $300,000 from the bank. The company will pay the interest payment interest due) to the bank at the end of every month until the loan principal is repaid. The bank charges interest rate at an annual nominal interest rate 10% compounded continuously. At the same time, the company makes a monthly deposit $600 into a sinking fund at the end of every month. The sinking fund earns...
The principal of the time value of money is probably the single most important concept in financial management. One of the most frequenty encountered applications involves the calculation of a future value. The process for converting present values into future values is called knowledge of the values of three of fourtime-value-of-money variables. which of the following is not one of these This process requires ariables? O The interest rate (1) that could be eamed by deposited funds O The duration...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago