In how many months will $8500 grow to $8818.75 at 5% p.a.?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
I 881875 850000 ...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
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Question Posted:
Students also viewed these Finance questions
-
In how many months will $1290 earn $100.51 interest at 8 12%?
-
In how many months will $2500 earn $51.04 interest at 3.5%?
-
How many months will it take to payoff a $525 debt, with monthly payments of $15 at the end of each month, if the interest rate is 18%, compounded monthly?
-
Adjusting and Closing Presented on the next page is the trial balance of the Crestwood Golf Club, Inc. as of December 31. The books are closed annually on December 31. Instructions (a) Enter the...
-
Identify one responsible marketing and communication management activity of a company of your choice. Then use the seven principles of effective communication to check how the campaign could increase...
-
Write the following power function in the form y=kx and give the values of k and p. The area of a square of side x is A = x. Y k=1 p=c
-
Is the development life cycle over with deployment?
-
Grass King manufactures lawnmowers, weed-trimmers, and chainsaws. Its sales mix and contribution margin per unit are as follows. Grass King has fixed costs of $4,600,000. Instructions Compute the...
-
Wildhorse Manufacturing Company uses a job order cost system and keeps perpetual inventory records. June 1 Purchased raw materials for $24,400 on account. 8 Raw materials requisitioned by production:...
-
A teacher has given four tests to a class of five students and stored the results in the following matrix Discuss methods of matrix multiplication that the teacher can use to obtain the information...
-
A loan of $3320 is to be repaid by three equal payments due in 92 days, 235 days, and 326 days. Determine the amount of the equal payments at 8.75% p.a. with a focal date of today.
-
What rate of interest is paid if the interest on a loan of $2500 is $96.06 from November 14, 2015, to May 20, 2016?
-
Matt and Lori were divorced in 2016. Pursuant to the divorce decree Matt receives $10,000 of alimony each month. Use an available tax service to determine if the alimony Matt receives is taxable....
-
A 1 defects size B D E 88888888888888888888888888 2 21 3 24 4 16 5 12 6 15 7 5 8 28 9 20 10 31 11 25 12 20 13 24 14 16 15 19 16 10 17 17 18 13 19 22 20 18 21 39 22 30 23 24 24 16 25 19 26 17 27 15...
-
1) Given the following potential function, =x- x + y +2 a. Determine and state the associated conservative vector field, F =V6. b. Determine and state the curl of this vector field. Explain what the...
-
Which is the M+1 peak? O O 40 O 42 SO 14 41 100- 80 8 Relative Intensity 40 20- 10 MS-NM-4393 15 20 25 m/z 30 35 40
-
4. Let F = R, V := R, X, Y be the x-axis and y-axis, respectively, and D := {(r,r): re R)} be the diagonal. Replace the question marks below to describe explicit formulas for the following...
-
Anthropologists have identified four Indian tribes in Montana, Big Goose, Little Bear, Crazy Horse, and Buffalo. Arrowheads from each tribe differed in size. Below is data on the size of arrowheads...
-
In Exercises use the definition of Taylor series to find the Taylor series, centered at c for the function. f(x) = sin x, c C = T 4
-
TRUE OR FALSE: 1. Banks with a significantly large share of fixed-interest rate home loans are less exposed to interest rate risks. 2. Although Australian banks are pretty big, they are not...
-
The one-dimensional diffusion equation is given by: 2 2
-
Define y as a symbolic variable and create the two symbolic expressions S1 = x(x2 + 6x + 12) + 8 and S2 = (x - 3)2 + l0x - 5 Use symbolic operations to determine the simplest form of each of...
-
A ceramic tile has the design shown in the figure. The shaded area is painted red and the rest of the tile is white. The border line between the red and the white areas follows the equation y = -kx2...
-
Company name is Walmart, Inc. here is the link https://www.sec.gov/ix?doc=/Archives/edgar/data/104169/000010416923000020/wmt-20230131.htm Overview 1. The financial statements for your company are...
-
Congress would like to increase tax revenues by 19 percent. Assume that the average taxpayer in the United States earns $54,000 and pays an average tax rate of 15 percent. Required: a. If the income...
-
Best Solutions is a retail merchandiser selling computer equipment. Best uses the gross method of accounting for inventory purchases and sales, a perpetual inventory system with LIFO inventory...
Study smarter with the SolutionInn App