1) Calculate the future value of after 3 years if $ 1,000 is deposited at 1.2%...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
1) Calculate the future value of after 3 years if $ 1,000 is deposited at 1.2% simple interest. 2) Find the future value after 18 months if $2500 is deposited at 2% simple interest 3) Find the present value of $ 3000 in 10 years at 2.5% simple interest. 4) Find the present value of $ 4500 in 8 years and 4 months at 3.5% simple interest. 5) Find the amount of interest earned on $ 3500 invested for 5 and 8 months at 3.25% simple interest. 1) Calculate the future value of after 3 years if $ 1,000 is deposited at 1.2% simple interest. 2) Find the future value after 18 months if $2500 is deposited at 2% simple interest 3) Find the present value of $ 3000 in 10 years at 2.5% simple interest. 4) Find the present value of $ 4500 in 8 years and 4 months at 3.5% simple interest. 5) Find the amount of interest earned on $ 3500 invested for 5 and 8 months at 3.25% simple interest.
Expert Answer:
Answer rating: 100% (QA)
1 Calculate Future value after 3 years of 1000 is deposited at 12 ... View the full answer
Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
Posted Date:
Students also viewed these finance questions
-
Please do the full calculation through the financial calculator formula as per the Australian standards Question 1 (Total marks for this question = 6 marks) Suppose you take out a loan of $10,000,...
-
Nadia Khalif is the office manager for the Conyers Law Offices in Dallas, Texas. The firm is planning to move its computer network into the cloud so that everyone working on a case can access...
-
Cash budget. Jim Zeeman Clinic provided the financial information in Exhibit 5.14. Prepare a cash budget for the clinic for the quarter ending March 20X1. ANNEX 5.14 JIM ZEEMAN CLINIC Data Income and...
-
On September 30 of the current year, Silver Fox Corporation files for bankruptcy. At the time, it estimates that the total FMV of its assets is $725,000, whereas the total amount of its outstanding...
-
Cecil, Inc. has sales of $682,100. Earnings before interest and taxes is equal to 20 percent of sales. For the period, the firm paid $8,500 in interes - Cecil, Inc. has sales of $682,100. Earnings...
-
Write the transition matrix for his selection of a car. Use the following information for Problems. A man owns an Audi, a Ford, and a VW. He drives every day and never drives the same car two days in...
-
When Jorge Maldanado became general manager of the local civic recreation center, he realized that many changes would be necessary to make the facility a true community resource. Having the benefit...
-
Nucor Corporation produces steel and steel products at its eight mills and is a major recycler of scrap metal. The following data relate to Nucor for four years. In 2017, Nucors net income was higher...
-
Use the time series plot to answer the question. 15 14- Average Price of Residential Natural Gas (in dollars per million Btu) 210987654321 0 1 2 3 4 5 6 7 8 9 10 Number of Years Since 2000 During how...
-
A network consists of the activities in the following list. Times are given in weeks. Activity Preceding A B C D E F -- A A, B C D Time 8 3 7 3 4 9 (a) Draw the network diagram. (b) Calculate the ES,...
-
Write a research paper on the following topic: Vendor Managed Inventory (VMI) on Vending Machine and Tools Crib ?
-
Indicate whether you think the following third-party groups would normally represent a (1) primary beneficiary, (2) foreseen party, or (3) foreseeable party. Give reasons for your answers. a. A...
-
Use and Dispose Company was organized to manufacture and sell inexpensive golf clubs that can be used during the golf round and then thrown away at the end of the round. In order to keep the business...
-
Which of the following phrases is not a part of the definition of materiality? a. The magnitude of an omission or misstatement of accounting information that, b. in light of surrounding...
-
Which of the following is not an assurance that the auditors give to parties that rely on financial statements? a. Auditors know how the amounts and disclosures in the financial statements were...
-
The auditor examined a sample of invoices supporting expenditures charged to repairs expense. No misclassification of any expenditure was found. Later, a material amount of expenditures was...
-
You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president has asked that you review the company's costing system and "do what you...
-
Which provision could best be justified as encouraging small business? a. Ordinary loss allowed on $ 1244 stuck. b. Percentage depletion. c. Domestic production activates deductions. d. Interest...
-
Sixty people with a certain medical condition were given pills. Fifteen of these people received placebos. Forty people showed improvement, and 30 of these had received an actual drug. How many of...
-
1. Figure 9 is the histogram for a probability distribution. What is the probability that the outcome is between 5 and 7, inclusive? 2. Figure 10 on the next page is the histogram for a probability...
-
1. Calculate the present value of $2000 in 10 years at 2.5% simple interest. 2. Calculate the present value of $1000 in 7 years at 4% simple interest. Use difference equations to answer the question.
-
When a team of people is able to achieve more than what its members could by working individually, this is called ____________. (a) distributed leadership (b) consensus (c) team viability (d) synergy
-
Which statement about self-managing teams is correct? (a) They can improve performance but not satisfaction. (b) They should have limited decision-making authority (c) They should operate without any...
-
Members of a team tend to become more motivated and better able to deal with conflict during the ____________ stage of team development. (a) forming (b) norming (c) performing (d) adjourning
Study smarter with the SolutionInn App