A debt of $800 accumulates interest at 10% compounded semi-annually from February 1, 2021, to August 1,
Question:
A debt of $800 accumulates interest at 10% compounded semi-annually from February 1, 2021, to August 1, 2023, and 11% compounded quarterly thereafter. Determine the accumulated value of the debt on November 1, 2026.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
Here it is given that from February 1 2021 to August 1 2023 it is ...View the full answer
Answered By
Chinchu M T
I'm on my 2nd year of graduation in Bsc physics. I'm teaching science and maths subjects to school students from 8th to 12th grade privately after my classes and during vacations and weekends.we use to meet at my home or the public library nearby. I charges an hourly fee and provide necessary materials.
During the pandemic days,i used to take online classes to my students through google meet and zoom meet. I'm the main tutor among my peers during group studies that we conduct weeks before our exams. This helped me in increasing my tutoring skills.
I'm confident that I'm able to push my students in understanding the core concepts in clarity.i use to contacts parents of my students to get updations about their progress.i always use to stay calm and respectful around my students as this could increase my active listening skills.i like supporting my students individually ,thus suggests to text me whenever they are confused .As my fees are low compared to other private tutors ,i often get a bit more number of students than others. I used to set up classes at my home but now I'm using our public library .
I have applied to a local tution centre nearby my home and i am about to start taking classes the very next week. I think i could work there till my semester break ends . Teaching is my passion and i am ready to put my maximum effort in it.
0.00
0 Reviews
10+ Question Solved
Related Book For
Contemporary Business Mathematics With Canadian Applications
ISBN: 9780135285015
12th Edition
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
Question Posted:
Students also viewed these Mathematics questions
-
Determine the accumulated value after 12 years of deposits of $360 made at the beginning of every 3 months and earning interest at 7% compounded quarterly.
-
Determine the accumulated value of $4100.00 compounded semi-annually at 8% p.a. for seven years.
-
Determine the accumulated value of a promissory note of P = $ 2000 made 6 times a year at 16% interest compounded 6 times a year for a term of 2 years. Select a A 2742.73 b 8640.00 C 27852.49 O d...
-
The manufactured wood beam carries a uniformly distributed load of in- tensity wo. Determine the largest safe value of wo if the maximum shear stress in the wood is limited to 300 psi. 1.0 ft Wo 4 ft...
-
In both parasitism and predation, one organism benefits at the expense of another. What is the difference between the two relationships?
-
Sometimes an electrical device may need an input voltage that is a few percent higher or lower than the supply voltage. A boosting transformer connects the output coil with the input voltage (here, a...
-
In a diesel engine, the fuel is ignited by (a) spark (b) injected fuel (c) ignitor (d) compressed air heat
-
The Blue Parrot is an expensive restaurant in midtown open only for dinner. Entrees are set at a fixed price of $42. In a typical month the restaurant will serve 3,600 entrees. Monthly variable costs...
-
Look at the following code. public class Student Solution { public static void main(String args[]) { Student student = new Student(); student.assignGrade ('A'); student.assignPoints (876);...
-
Find the class of the following classful IP addresses: a. 130.34.54.12 b. 200.34.2.1 c. 245.34.2.8
-
Compute the discounted value of $5000 due in 10 years and 2 months if money is worth 2.75% compounded weekly.
-
A ten-year promissory note for $1750 dated May 1, 2017, bearing interest at 4% compounded semi-annually is discounted on August 1, 2023, to yield 6% compounded quarterly. Determine the proceeds of...
-
What is an image description language? What are the advantages of representing images with image description languages?
-
Consider a 10 year bond with face value $1000. Pays 6% coupon semi annual and has a yeild to maruryity of 7%. How much would the approximate percentagechange in the price of bond if interest rate in...
-
Question: The following activities occur at Greenwich Corporation, a company that contracts out a temporary workforce to retailers to meet seasonal demand:Required:Classify each of the activities...
-
This paragraph provides the context for the following question: "According to one estimate, between 1870 and 1910 emigration lowered the Swedish labour force by 20 per cent, and increased real wages...
-
Assume the discount rate is 10%. An FI originates a pool of real estate loans worth $2 million with maturities of 5 years and paying interest rates of 10% APR per year. Calculate the yearly payments...
-
The predicted cash flow for next year by Goodrade Enterprises will be $2.14 Million. The cash flows are anticipated to maintain a growth rate of 7.25% forever. If the required return is 10%, what is...
-
On January 1, 2017, Garzon purchased 6% bonds (held-to-maturity) issued by PBS Utilities at a cost of $40,000, which is their par value. The bonds pay interest semiannually on July 1 and January 1....
-
At 31 December 20X9, the end of the annual reporting period, the accounts of Huron Company showed the following: a. Sales revenue for 20X9, $ 2,950,000, of which one- quarter was on credit. b....
-
On August 15, 2017, Low Rider Automotive established a line of credit at its bank, with interest at 8.75% p.a. This line of credit was used to purchase $5000 of inventory and supplies. Low Rider paid...
-
Nicole will be starting University next Fall. She wishes to invest $7000.00 saved from her summer job. Her bank offers 2.75% for a one-year term investment or 2.6% for a six-month term, followed by...
-
On May 28, 2017, Ling purchased a government-guaranteed short-term investment maturing on August 4, 2017. How much did Ling pay for the investment if $10 000 will be received on August 4, 2017, and...
-
S&J Catering is a small catering business operating in Western Sydney. Business partners, Jack and Simon, established the business a year ago. To start up the business, the partners contributed...
-
In 20X1, Lee was hurt in the course of his employment with Foster Farms. In 20X1, Lee was paid the following amounts from Foster Farms' worker's compensation insurance company: $30,000 for a physical...
-
Briefly describe tax administrative matters including: Tax collection and withholding mechanisms (PAYG withholding, PAYG instalments).
Study smarter with the SolutionInn App