Mia Kaminsky, owner of a Starbucks franchise, loaned $40,000 to Lee Reese to help him open a
Question:
Mia Kaminsky, owner of a Starbucks franchise, loaned $40,000 to Lee Reese to help him open a new flower shop online. Lee plans to repay Mia at the end of 5 years with 4% interest compounded semiannually. How much will Mia receive at the end of 5 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 52% (17 reviews)
Calculation of total amount received at the end of ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Question Posted:
Students also viewed these Accounting questions
-
Misty needs to have $15,000 at the end of 5 years to fulfill her goal of purchasing a small sailboat. She is willing to invest a lump sum today and leave the money untouched for 5 years until it...
-
Marwa needs to have US$15,000 at the end of 5 years to fulfill her goal of purchasing a small sailboat. She is willing to invest the funds as a single amount today but wonders what sort of investment...
-
Using the appropriate interest table, answer each of the following questions. (a) What is the future value of $9,300 at the end of 5 periods at 8% compounded interest? (b) What is the present value...
-
Managers should be supported through process transitions by ___________. Question 12 options: encouragement (coaching and mentoring) and assistance (necessary resource) structured approach with a...
-
The research department of the company in Problem 2 investigated the change in sales for each of die company's salespeople. Using criteria supplied by management, the department categorized all...
-
John and Sandy Ferguson got married eight years ago and have a seven-year-old daughter, Samantha. In 2020, John worked as a computer technician at a local university earning a salary of $152,000, and...
-
Consider the following time series data. Quarter Year 1 Year 2 Year 3 1 4 6 7 2 2 3 3 3 5 4 5 7 868 6
-
The ABC Corporation is considering a joint venture with another company to start an Internet based business. The new business will tap into the expertise ABC has developed in writing the complex...
-
6. Explain in detail why 8086 supports a maximum of 1MB physical memory? (2 mark) 7. What will be the capacity in megabytes of the physical memory of a microprocessor with a 28 bit address bus? What...
-
An automotive insurance company wants to predict which filed stolen vehicle claims are fraudulent, based on the mean number of claims submitted per year by the policy holder and whether the policy is...
-
Comet Lee borrowed $16,000 on a 6%, 90-day note. After 20 days, Comet paid $2,000 on the note. One day 50, Comet paid $4,000 on the note. What are the total interest and ending balance due by the...
-
Joe Beary wants to attend Riverside College. Eight years from today he will need$50,000. If Joes bank pays 6% interest compounded semiannually, what must Joe deposit today to have $50,000 in 8 years?
-
Each table of values gives several points that lie on a line.(a) What is the x-intercept of the line? The y-intercept?(b) Which equation in choices AD corresponds to the given table of values?(c)...
-
Based on these data, calculate the following for 2021 and 2020: i. Days' sales in receivables (use trade receivables) ii. Accounts receivables turnover (use gross trade receivables at year end) iii....
-
On the first day of its fiscal year, Ebert Company issued $12,500,000 of 10-year, 7% bonds to finance its operations. Interest is payable semiannually. The bonds were market (effective) interest rate...
-
3. The following position vs. time graph describes the motion of a squirrel running along a clothesline. Use this graph to answer the questions below. Provide a brief explanation of each answer....
-
discuss the concept of speciation and the various modes by which new species arise, including allopatric, sympatric, and parapatric speciation, and the role of reproductive isolation in these...
-
discuss the evolutionary adaptations of respiratory systems across diverse taxa, highlighting the anatomical, physiological, and behavioral strategies employed by organisms to maximize oxygen uptake...
-
Consider a simple semicircular channel in bedrock. If we assume that erosion rate of the bedrock floor is governed by the local shear stress exerted by the flow on the bed, and we further assume that...
-
Give the structural formulas of the alkenes that, on ozonolysis, give: a. (CH3)2C=O and CH2=O b. Only (CH3CH2)2C=O c. CH3CH=O and CH3CH2CH=O d. O=CHCH2CH2CH2CH=O
-
What is a proxy? What is the difference between voting rights and cash flow rights? Do you think this will have an impact on share values?
-
A man has $5000 on deposit in a bank that pays 5% interest compounded annually. He wonders how much more advantageous it would be to transfer his funds to another bank whose dividend policy is 5%...
-
A friend was left $50,000 by his uncle. He has decided to put it into a savings account for the next year or so. He finds there are varying interest rates at savings institutions: 43/8% compounded...
-
A college professor won $85,000 in the state lottery; income taxes will take about half the amount. She plans to spend her sabbatical year on leave from the university on an around-the-world trip...
-
What is one way in which a leader can apply the "Status" part of the SCARF model to trigger the "Reward" response?
-
Complete the table to assess risks and develop contingencies for resources you are planning for. Potential risks Planned Response Risk associated with the acquisition or implementation of the...
-
Assignment: persuasive essay for or against Andrew Jackson. In you essay answer the question "Was he a "people's president" or was he more like a king?" Documentary:...
Study smarter with the SolutionInn App