Question: If you have 50 000 in an interest bearing savings account that
If you have $50,000 in an interest-bearing savings account that pays 2 percent annual interest, how much interest will you earn during a 30 day month?
Answer to relevant QuestionsJane James owns an appliance store. She normally receives $50,000 worth of appliances per month. She does not like to owe people money and always pays her bills on the day she receives the invoice. Someone told her that if ...You are managing a company that stocks and distributes hardware. The company employs two purchasing agents who receive combined salaries of $90,000. They process six thousand purchase requests per year. Average inventory in ...Distinguish between bank discount and simple interest. Bylo Selhi wants to know how many years it well take for his mutual fund investment of $50,000 to reach $500,000 if his mutual fund pays an average of 12 percent per year. The Smiths purchase a $600,000 house and must sell their old home in order to make a 20 percent down payment plus closing costs of $7,000 on the new house. Currently, they have a mortgage balance of $100,000 on their old ...
Post your question