How much must be placed in a five-month term deposit earning 4.3% simple interest in order to

Question:

How much must be placed in a five-month term deposit earning 4.3% simple interest in order to earn $500 interest?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

See More Books

Question Posted: Jan 20, 2016 07:06 AM

See More Questions

How much must be deposited at the end of each quarter for nine years to accumulate to $11 000 if interest is 4% compounded quarterly?
How much must be deposited at the end of each quarter for 10 years to accumulate to $12000 at 6% compounded monthly?
How much must be contributed into an RRSP at the end of each year for 25 years to accumulate to $100 000 if interest is 8% compounded quarterly?
1. The standard price per unit of materials is used in the calculation of which of the following variances? Materials price variance Materials quantity variance a NO NO b NO YES c YES NO d YES YES 2...
Multiple Choice Questions Select the best answer for each of the following items: Which of the following should be included in the current funds revenue of a not-for profit private university? The...
(a) Prove the reduction formula (b) Use part (a) to evaluate cos 2 x dx. (c) Use parts (a) and (b) to evaluate cos 4 x dx. 1 cos"- cos"-'x sin x + cos"x dx cos"-2x dx
Compare and explain vertical and horizontal layers in application architecture.
The manager of a pizza chain in Albuquerque, New Mexico, wants to determine the average size of their advertised 16-inch pizzas. She takes a random sample of 25 pizzas and records their mean and...
3 Define the following (10) terms: 1. Augmented Reality 2. Mixed Reality 3. Digital Disruption 4. Value Proposition 5. Digital Transformation 6. Cloud Computing 7. Virtual Reality (VI) 8. Artificial...
Given V = x2y + xy2 + xz2, (a) Find the gradient of V, and (b) Evaluate it at (1, -1, 2).
The simple interest rate on a $5000 loan is 7%. The loan is to be repaid by four equal payments on dates 100, 150, 200, and 250 days from the date on which the loan was advanced. What is the amount...
A $7500 loan will be paid off by four equal payments to be made 2, 5, 9, and 12 months after the date of the loan. What is the amount of each payment if the interest rate on the loan is 9.9%?
Multifidene is a sperm cell-attracting substance released by the female of a species of brown algae (Cutleria multifida). The constitution of multifidene is
What is the expectation for the $\$ 1$ bets in Problems 21-30 on a U.S. roulette wheel? See Figure 13.8 Single-number bet 4 16 33 1 20 14 31 9 22 18 29 28 12 35 3 26 0 32 15 19 4 21 2 25: 4 21 2 25...
Refer to the following tree diagram for a two-stage experiment. Find the probabilities in Problems 7-12. (Round your answers in Problems 11 and 12 to the nearest hundredth.) $P(A \mid E) $ A B E E...
All the cows in a certain herd are white-faced. The probability that a white-faced calf will be born by mating with a certain bull is 0.9 . Suppose four cows are bred to the same bull. Find the...
Many states conduct lotteries; a typical lottery (Keno) payoff ticket is shown here. Assume there are 20 numbers chosen from a set of 80 possible numbers. Use this information for Problems 52-56....
Suppose it costs $\$ 2,400$ to advertise and list a $\$ 350,000$ house for sale. The listing agent will earn $5 \%$ of the selling price if the listing agent sells the property, but only \(2.5...
Find the area of the surface given by z = (x, y) over the region R. (x, y) = 9 - x R: square with vertices (0, 0), (2, 0), (0, 2), (2, 2)
Government is advised to tax goods whose demand curves are inelastic if the goal is to raise tax revenues. If the goal is to discourage consumption, then it ought to tax goods whose demand curves are...
Corporate ownership varies around the world. Historically individuals have owned the majority of shares in public corporations in the United States. In Germany and Japan, however, banks, other large...
Critics have charged that compensation to top managers in the Units States is simply too high and should be cut back. For example, focusing on large corporations, Larry Ellison of Oracle has been one...
What does liquidity measure? Explain the trade-off a firm faces between high liquidity and low liquidity levels.
How does implementing Total Quality Management (TQM) contribute to enhancing both product and service quality within an organization?
What is the current gdp of India in 2023? difference between 2021-2023. please share all details in index form
Below you are provided with details of two companies and their budgets. Prepare the budgets and complete the following tasks: A. From the following information relating to Marmax Consulting Services,...

How much must be placed in a five-month term deposit earning 4.3% simple interest in order to

Question:

Step by Step Answer:

P I r...View the full answer

Business Mathematics In Canada

Students also viewed these Accounting questions