A $7760 investment earning 6 1/4% matured at $8083.33. What was the term (in months) of the
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
Amount earned I S P 80...View the full answer
Answered By
Venkata Rama Kishore Nakkina
I am a semi qualified chartered accountant and worked as Fundamental Research Analyst in Karvy stock Broking Ltd. I have 6 and half years of work experience. I cleared my 1st group in CA final and attending for 2nd group now.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Would you prefer a fully taxable investment earning 8.1 percent or a tax-exempt investment earning 6.1 percent? Why? (Assume a 28 percent tax rate.)
-
An $1100 investment earning 6.3% compounded annually grew to $4483.92. What was the term of the investment?
-
1. Suppose you invest a sum of $ 2,500 in an interest- bearing account at the rate of 12% per year. What will the investment be worth six years from now? 2. How much would you need to invest now to...
-
Shortly after Murray began working in the tax department of the public accounting firm of Dewey, Cheatham, and Howe, he was preparing a tax return and discovered an error in last year's work papers....
-
Select the best answer for each of the following: 1. The activities of a municipal golf course that receives three-fourths of its total revenue from a special tax levy should be accounted for in (a)...
-
What is Pfizers goals and measures for the financial perspective of the Balanced Scorecard
-
For a given data set containing 26 points, the assumptions of the linear model are satisfied. The following values are computed: b1 = 46.8 and sb = 15.2. Perform a test of the hypothesis H0 : 1 = 0...
-
In 1999, Stephen and Linda Kailin bought the Monona Center, a mall in Madison, Wisconsin, from Perry Armstrong for $760,000. The contract provided, Seller represents to Buyer that as of the date of...
-
Construct the relevant diagram, here are some instructions and assumptions: You will hand draw one (1) diagram with an isoprofit curve, which is an adaptation of Figure 7.9d from the CORE ESPP text....
-
The goal of this assignment is to design a spreadsheet to compute product costs for Healthy Harvest Bakery. The bakery uses a FIFO process costing system. Healthy Harvest Bakery makes breads using...
-
The amount required to pay off a $3500 loan at 8.4% was $3646.60. What was the term (in days) of the loan?
-
The interest rate on an $859.50 debt was 10 1/4%. For how many months was the loan outstanding if it was settled with a payment of $907.22?
-
It is often said that people are every organisations most important asset. This is perfectly true, but people are not like other assets. As well as being valuable in their own right in terms of...
-
The Westmoreland Corporation uses a periodic system for its inventory. The company starts the current year with inventory costing $ 1 7 7 , 0 0 0 . During the year, an additional $ 3 8 7 , 0 0 0 is...
-
Show how some economists such as Paul Krugman have rejected conventional explanations for the sharp rise in inequality in favour of other explanations. List some of the factors mentioned by Krugman...
-
What is the sales journal used for? Why do we have special journals? Who pays the sales taxes on a transaction? How often is a business owner required to submit the sales taxes that were collected to...
-
UNIFOR service collective agreement UNIFOR tech collective agreement Take this two collective agreement and review the articles under scheduling, hours of work and vacation scheduling. Identify the...
-
Henry Hospital is reviewing the profitability of its nursing and ancillary services. The table below provides the revenue, direct expenses, and general and administrative costs. Allocate the general...
-
On January 1, 2023, Creative Calligraphy Inc. purchased land, building, equipment, and tools for a total of $2,520,000. An appraisal identified the fair values to be $700,000 (land), $1,120,000...
-
2.) Find the Laplace transform of f(t) 7e-St cos 2t +9 sinh2 2t. Use Laplace Table. %3D
-
Evaluate each of the following. $ 300 [1 1 (1 + 0.03) 2 0.03]
-
Evaluate each of the following. $ 100 [(1 + 0.04) 2 1 0.04]
-
Express each of the following first as a decimal and then as a percent. Round your answers to two decimal places where rounding is needed. What is 25% of 80?
-
.Sofbank is offering four accounts with different quotations. If you have $1000 to invest, what will be the balance in 17 years? account A: 3.75 percent, compounded annually account B: account C:...
-
Softbank bond pays $100 coupon annually with face value $1000. Market interest rates are compounded annually, please find the bond prices in the following table. Market interest rate 1-year bond...
-
Choose an artifact (eg an object/photo/symbol) or a leader from your own culture and explain its (his/her/their) significance and values associated with your culture.
Study smarter with the SolutionInn App