Determine the interest rate earned on a $2,300 deposit when $3,500 is paid back in three years.
Question:
Determine the interest rate earned on a $2,300 deposit when $3,500 is paid back in three years.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
2300 1 i 3 3500 Solvin...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Finance Applications And Theory
ISBN: 9781264101580
6th Edition
Authors: Marcia Cornett, Troy Adair, John Nofsinger
Question Posted:
Students also viewed these Business questions
-
A company with a WACC of 10.0% is considering a project with the following cash flows: Initial investment = -$475; Years 1-3 = $200. O 2.38 years O 2.42 years O 2.61 years O 1.97 years O 2.26 years
-
Determine the interest rate earned on a $1,400 deposit when $1,800 is paid back in one year.
-
Determine the interest rate earned on a $2,300 deposit when $2,900 is paid back in one year.
-
The main ingredient of vinegar is acetic acid (HAc) that will dissociate into acetate (Ac - ) and hydrogen ion (H + ) in water: HAc < = > Ac - (aq) + H + (aq) . K HAc(room temp) = 1.8x10 -5 ....
-
Explain the major differences among the four basic types of growth opportunities discussed in the text and cite examples for two of these types of opportunities.
-
What is meant by partial melting?
-
Jennifer is a salesperson for a major chemical company doing business in China. To close a multimillion-dollar contract, she has been asked by a Chinese government official for a payment of...
-
La-Z-Boy Inc. is one of the worlds largest manufacturers of furniture and is best known for its reclining chairs. The following data (in thousands) were adapted from recent financial statements:...
-
Answer the question by showing the calculation procedure. Verified the answer by using the MATLAB coding. Submit all the answers (calculation procedure & MATLAB code) to MS Team. For all of the...
-
This exercise uses the function MapColor and predicates In(x, y), Borders(x, y), and Country(x), whose arguments are geographical regions, along with constant symbols for various regions. In each of...
-
What annual rate of return is earned on a $4,000 investment made in year 2 when it grows to $6,500 by the end of year 7?
-
Consider the following annual returns of Estee Lauder and Lowes Companies: Compute each stocks average return, standard deviation, and coefficient of variation. Which stock appears better? Why? Year...
-
Viking Company purchased and installed carpet in its new general offices on June 30 for a total cost of $15,000. The carpet is estimated to have a 12-year useful life and no residual value. a....
-
One year ago, a stock was selling for $ 1 1 . 5 6 per share. Assume that you sold short 1 0 0 shares at that time using a 6 0 % margin account. Based on the current price of $ 9 . 4 9 5 , what would...
-
How are K+ channels turned off during an action potential? What is the difference between an action potential and an electrotonic potential? How are voltage-gated (VG) sodium channels inactivated?...
-
On its current web site, the Population Reference Bureau1 offers a comparison between two countries, Italy and the Democratic Republic of the Congo in central Africa. Both countries had similar-sized...
-
Discuss the motivational initiatives the Company should adopt to ease the transition after retrenchments.
-
Part 1:Question, please discuss how the leadership guidelines and fire service functions come together to help guide the decision making process. Identify the value, if any, to you in applying these...
-
A sample of 25 freshmen at a major university completed a survey that measured their degree of racial prejudice (the higher the score, the greater the prejudice). a. Compute the median and mean...
-
a) Calculate the goodwill that was paid by Major Ltd on the acquisition of Minor Ltd. [10 marks] b) Prepare the consolidated statement of financial position for Major Ltd at 31 July 20X8. [30 marks]...
-
One-year Treasury bills currently earn 3.45 percent. You expect that one year from now, 1-year Treasury bill rates will increase to 3.65 percent. The liquidity premium on 2-year securities is 0.05...
-
The Fitness Studio, Inc.s income statement lists the following income and expenses: EBITDA = $650,000, EBIT = $538,000, interest expense = $63,000, and net income = $435,000. Calculate the taxes...
-
You have been given the following information for PattyCakes Athletic Wear Corp. for the year 2021 a. Net sales = $38,250,000. b. Cost of goods sold = $22,070,000. c. Other operating expenses =...
-
After the success of the company's first two months, Santana Rey continues to operate Business Solutions. The November 30, 2021, unadjusted trial balance of Business Solutions (reflecting its...
-
Preparing a consolidated income statement - with noncontrolling interest, but no AAP or intercompany profits A parent company purchased an 80% interest in its subsidiary several years ago with no AAP...
-
Page 144 5-12. Jefferson County established a capital project fund in 2023 to build low-income housing with the transfer of $100,000 from the General Fund. A portion of that was expended on...
Study smarter with the SolutionInn App