Martin invested $5500 for 10 months at 3.75%. How much will Martin have in total when the
Question:
Martin invested $5500 for 10 months at 3.75%. How much will Martin have in total when the investment matures?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Amount investedp 550 Rate of interest ...View the full answer
Answered By
MADHUMOHAN REDDY DWARAM
MYSELF MADHUMOHAN REDDY, I AM AN INDIAN.I AM 24 YEARS OLD. I HAVE DONE MASTER OF TECHNOLOGY IN STRUCTURAL ENGINEERING, BACHELOR OF TECHNOLOGY IN CIVIL ENGINEERING AND ALSO A DIPLOMA IN CIVIL ENGINEERING. I HAVE BEEN WORKING AS AN ONLINE TUTOR SINCE 2017. I USED TO WORK AS A DIRECT TEACHER IN A DIPLOMA COLLEGE AFTER MY GRADUATION FOR SIX MONTHS..
0.00
0 Reviews
10+ Question Solved
Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
Question Posted:
Students also viewed these Mathematics questions
-
(1) The Martin family recently deposited $1,000 in a bank account that pays a 3 percent nominal interest rate. Interest in the account will be compounded daily (365 days = 1 year). How much will they...
-
How much will you have in 36 months if you invest $ 75 a month at 10% interest?
-
Assume that you are nearing graduation and that you have applied for a job with a local bank. As part of the banks evaluation (interview) process, you have been asked to take an exam that covers...
-
In this study researchers found a correlation between the cleanliness of the homes children are raised in and the years of schooling completed and earning potential for those children What...
-
Determine The pressure if the ionization of Ar is 80% complete according to the reaction Ar Ar+ + e- at 10,000 K (use K = 4.2 10-4 for this reaction).
-
Let U = {1, 2, 3, 4,p, 10} A = {1, 3, 5, 7} B = {3, 7, 9, 10} C = {1, 7, 10} Determine the following. A B
-
True or False: The only thing that can cause a high vibration at 1 running speed is unbalance.
-
Esquire Comic Book Company had income before tax of $1,000,000 in 2011 before considering the following material items: 1. Esquire sold one of its operating divisions, which qualified as a separate...
-
Analyze the Navier-Stokes equations in the context of fluid dynamics, focusing on their mathematical complexity and physical interpretation, and discuss the conditions under which these equations...
-
The following is the statement of financial position of TT and Co. (see Self-Assessment Question 3.1 on page 113) at the end of its first year of trading: Statement of financial position as at 31...
-
Montel loaned $6800 to a friend for 13 months at an annual interest rate of 3. 7% simple interest. How much interest did the borrower owe?
-
A deposit was made on November 18 and Withdrawn on January 29 of the next calendar year. How many days was the investment on deposit?
-
Define currency exchange rates and distinguish between "direct" and "indirect" quotations.
-
You found a stock that just paid a dividend of $1.43 and you have a required return of 11.9%. The short-term growth rate for this stock's dividends is found to be 7.7% and the long-term growth rate...
-
A family just signed the sales agreement to purchase a home at the asking price of $625,000. They decided to use their savings as the 10% down payment and finance the remaining with a 30-year FRM...
-
Wicked cafe is a popular cafe in vancouver. Suppose, you want to open a franchsie in south korea.As part of your analysis do a weighted averages assessment of the PESTEL factors for your company...
-
Write C program program that Implement the process control block.?
-
(a) Home Depot, Inc. recently announced an annual dividend amount of $1.65 per share (February 23, 2021). Assume that the required return on investment for this equity is 10.75%, and the constant...
-
Rikard's Menswear sells $4,750 of gift cards for cash in December 2014. Rikard's has a December 31 fiscal year end and uses a perpetual inventory system. In January 2015, $2,425 of the gift cards are...
-
What does non-recourse financing mean?
-
Implement the test in Problem 9.53, and report a two-tailed p-value? Another important variable in the epidemiology of breast cancer is BMI, which has been found to be related to both serum estradiol...
-
What test can we use to perform the analysis if we dont want to assume that TBUT is normally distributed?
-
1. Implement the test in Problem 9.55, and report a p-value (two-tailed). 2. Answer the question in Problem 9.56 comparing TBUT time 5 minutes after drop instillation vs. TBUT before instillation. 3....
-
Assume that in 2023, Bobby had a vacant lot that was given to him as a gift from his father that had an FMV of $40,000 and an adjusted basis of $15,000.
-
Show the adjusting entries that you would make given the additional data below. In addition to the formal journal entry, please also indicate the type of adjusting entry that is being made, ...
-
I need one to three paragraphs written about the awk command in unix. Everything should be in a power point presentation. Make sure it contains the following: Command name Description How to use the...
Study smarter with the SolutionInn App