Your bank pays 2.8% interest per year. You put $1300 in the bank today and $750 more
Question:
Your bank pays 2.8% interest per year. You put $1300 in the bank today and $750 more in the bank in one year. How much will you have in the bank in 2 years?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Heres how to calculate the total amount you will have in the bank in 2 years Year ...View the full answer
Answered By
Mwangi Clement
I am a tried and tested custom essay writer with over five years of excellent essay writing. In my years as a custom essay writer, I have completed more than 2,000 custom essays in a diverse set of subjects. When you order essays from me, you are working with one of the best paper writers on the web. One of the most common questions I get from customers is: “can you write my essay?” Upon hearing that request, my goal is to provide the best essays and overall essay help available on the web. I have worked on papers in subjects such as Nursing and Healthcare, English Literature, Sociology, Philosophy, Psychology, Education, Religious Studies, Business, Biological Sciences, Communications and Media, Physical Sciences, Marketing and many others. In these fields, my specialties lie in crafting professional standard custom writings. These include, but are not limited to: research papers, coursework, assignments, term papers, capstone papers, reviews, summaries, critiques, proofreading and editing, and any other college essays.
My extensive custom writings experience has equipped me with a set of skills, research abilities and a broad knowledge base that allows me to navigate diverse paper requirements while keeping my promise of quality. Furthermore, I have also garnered excellent mastery of paper formatting, grammar, and other relevant elements. When a customer asks me to write their essay, I will do my best to provide the best essay writing service possible. I have satisfactorily offered my essay writing services for High School, Diploma, Bachelors, Masters and Ph.D. clients.
I believe quality, affordability, flexibility, and punctuality are the principal reasons as to why I have risen among the best writers on this platform. I deliver 100% original papers that pass all plagiarism check tests (Turnitin, Copyscape, etc.). My rates for all papers are relatively affordable to ensure my clients get quality essay writing services at reasonable prices.
4.50+
5+ Reviews
14+ Question Solved
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
Question Posted:
Students also viewed these Business questions
-
There is an expected payment thirty years from today of$9,000,000 and interest rates for the thirty-year period are yielding 4%, what is the present value for the future payment? 2)a)A bank wants to...
-
Mr. Miser who is 35 years old has just inherited 11,000 and decides to use the windfall towards his retirement. He places the money in a bank which promises a return 6% per year until his planned...
-
The Lexington Property Development Company has a $10,000 note receivable from a customer due in three years. How much is the note worth today if the interest rate is a. 9%? b. 12% compounded monthly?...
-
Mixing together solutions of acetic acid and sodium hydroxide can make a buffered solution. Explain. How does the amount of each solution added change the effectiveness of the buffer?
-
Use a SIPOC (suppliers, inputs, process, outputs, and customers) tool to describe the company's operations. Students will then choose a key process (or processes) to detail process map and analyze in...
-
What is the difference between a futures option and a futures-style option?
-
Use the closeness ratings before the activity (CloseBefore) to estimate the mean closeness rating one person would assign to others in a group. Use data from a study designed to examine the effect of...
-
Digital Organics (DO) has the opportunity to invest $1 million now ( ) and expects after-tax returns of $600,000 in and $700,000 in . The project will last for two years only. The appropriate cost of...
-
At the beginning of each day, the Factory General Manager consults with the sales department and determines which jobs will be completed for the day. The General Manager forwards the Job Cost Sheet...
-
Your cousin is currently 14 years old. She will be going to college in 4 years. Your aunt and uncle would like to have $120,000 in a savings account to fund her education at that time. If the account...
-
What is the present value of $13,000 received a. 10 years from today when the interest rate is 4% per year? b. 20 years from today when the interest rate is 8% per year? c. 5 years from today when...
-
What things must be considered when deciding on a data type to use for a variable?
-
If your college were invited to the New Mexico Bowl, would you favor accepting the bid? Why or why not?
-
Lets say that New Venture Fitness Drinks was interested in hiring a new chief executive officer (CEO) and was interviewing the CEOs of three small restaurant chains. To get a sense of how savvy each...
-
Indicate whether each of the following statements is true or false by writing T or F in the answer c olumn. Warranties are promises or statements made by manufacturers or sellers.
-
How do changes in productivity affect the opportunity cost of nuts?
-
What is the production possibilities curve for an economy in which Susan is the only worker?
-
Aging of account receivable. York company's account receivable show the following balance: York Company uses the aging-of-accounts-receivable procedure for uncollectible accounts. The credit balance...
-
What does non-recourse financing mean?
-
Non constant Dividends Spears, Inc., has an odd dividend policy. The company has just paid a dividend of Si per share and has announced that it will increase the dividend by $4 per share for each of...
-
Non constant Dividends North Side Corporation is expected to pay the following dividends over the next four years: $8, $7, $5, and $2. Afterward, the company pledges to maintain a constant 5 percent...
-
Supernormal Growth Rizzi Co. is growing quickly. Dividends are expected to grow at a 25 percent rate for the next three years, with the growth rate falling off to a constant 7 percent thereafter. If...
-
1. During a free kick (the ball is not moving previous to being struck) a soccer ball is kicked upward at a 40 degree angle (relative to the ground) with an initial velocity of 30 m/s. The players...
-
Rewrite as sums or differences of logarithms. log b (xyz)
-
If Will takes out a loan at 4 . 3 % interest compounded semiannually and pays it off with a payment of $ 1 6 , 7 8 0 . 4 6 after 6 years, what is his loan amount?
Study smarter with the SolutionInn App