If you want to earn 15% annual simple interest on an investment, how much should you pay
Question:
If you want to earn 15% annual simple interest on an investment, how much should you pay for a note that will be worth $13,500 in 10 months?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
S 13 500 P S P Pr...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
Question Posted:
Students also viewed these Calculus questions
-
1. The simple interest on an investment is directly proportional to the amount of the investment. An investment of $3250 earns $113.75 after 1 year. Find a mathematical model that gives the interest...
-
One desirable dietary change if you want to "eat right," is to reduce the intake of red meat and to substitute poultry or fish. Researchers tracked beef and chicken consumption, y (in annual pounds...
-
Data dont always arrive in the most convenient form. You may have the data, but theyre not in the same place or the same format. Unless you have data organized in a common data table, youll find it...
-
Find the volumes of the solids generated by revolving the regions bounded by the lines and curves about the x-axis. The region between the curve and the x-axis from x = 1/4 to x = 4 y = 1/(2x)
-
State your mass and then estimate you volume.
-
Professor Midas drives an automobile from Newark to Reno along Interstate 80. His car's gas tank, when full, holds enough gas to travel n miles, and his map gives the distances between gas stations...
-
Water flows in a rectangular channel with a flowrate per unit width of \(q=1.5 \mathrm{~m}^{2} / \mathrm{s}\) and a depth of \(0.5 \mathrm{~m}\) at section (1). The head loss between sections (1) and...
-
Picasso Company is a wholesale distributor of professional equipment and supplies. The companys sales have averaged about $900,000 annually for the 3-year period 20122014. The firms total assets at...
-
A car accelerates in the + x direction from rest with a constant acceleration of a 1 = 1.69 m/s 2 for t 1 = 20 s. At that point, the driver notices a tree limb that has fallen on the road and brakes...
-
The accompanying figure shows the graph of the velocity (ft/sec) of a model rocket for the first 8 sec after launch. The rocket accelerated straight up for the first 2 sec and then coasted to reach...
-
A student has a savings account earning 9% simple interest. She must pay $1500 for first-semester tuition by September 1 and $1500 for second-semester tuition by January 1. How much must she earn in...
-
What is the present value of an investment at 6% annual simple interest if it is worth $832 in 8 months?
-
Which of the following is not true regarding continuous improvement? A. It applies to both service and manufacturing companies. B. It is used to reduce performance costs. C. It rejects the idea of...
-
Bill Sharp, a friend of yours, has an idea for a new type of kitchen utensil, which will make it easier for busy people to scramble eggs in the morning. He showed his business plan to a local SCORE...
-
Salesforce.com earned the top spot on Fortunes list of the Best Companies to Work for in 2018, having been on the list for over 10 years. Use your university librarys resources to see what their...
-
Develop several other SKU priority rules. Discuss the advantages and disadvantages of each one.
-
How would you estimate daily requirements in practice (i.e., how would you get the data for Exercise 6.6)?
-
Shelly Mills, who has considerable experience in the home security industry, is planning to launch a firm that will sell a new line of home security alarms that she believes will be superior to...
-
Boehm Incorporated is expected to pay a $1.50 per share dividend at the end of the year (i.e., D1 = $1.50). The dividend is expected to grow at a constant rate of 6% a year. The required rate of...
-
Refer to the situation described inBE 18-13, but assume a 2-for-1 stock split instead of the 5% stock dividend. Prepare the journal entry to record the stock split if it is to be effected in the form...
-
On the figure, label a. One critical point. b. One point with a positive derivative. c. One point with a negative derivative. d. One point with a positive second derivative. e. One point with a...
-
Find the first and second derivatives of the following function. s(x) = l - x + x2 - x3 + x4.
-
Find the first and second derivatives of the following function. F(z) = z(l + z)(2 + z).
-
why you assume value of Machine A is assumed to decrease by $7,000 each year for the purpose of these calculations?
-
1. You want to create a Dog object. Which of the following would you use to describe it? (Choose all that apply.) A. String breed B. int age C. boolean isADog D. String ownerName E....
-
Part 1: Cathy Forth Photography Services (20 marks) You have been hired by Cathy Forth as her new bookkeeper. She has given you the following information: Use the current date and provide an...
Study smarter with the SolutionInn App