New Semester Started Get 50% OFF Study Help! --h --m --s Claim Now

Question Answers

Textbooks

Find textbooks, questions and answers

Oops, something went wrong!

Change your search query and then try again

Result Not Found

Books FREE
Study Help
Tutors
AI Study Planner NEW
Sell Books

Search
Sign In
Register

study help
business
multinational business finance

Mathematics Of Business And Finance 4th Edition Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans - Solutions

How much more would an investment of $5000 be worth after five years if it was earning 10% compounded semi-annually instead of 10% compounded annually?AppendixLO1
A tech company invested $150,650 in a fund at an interest rate of 11% compounded daily. At the end of 150 days, the company's investment advisor transferred these funds to another investment that was yielding 13% compounded daily. Calculate the amount by which the fund grew at the end of 450 days
A large software company deposited $200,000 in a Swiss savings bank account at 8% compounded quarterly. Calculate the accumulated value of the investment at the end of 10 years and 6 months and the interest earned during the period.AppendixLO1
Micropore LLP, a small law firm, borrowed $280,000 for three years and two months at 12% compounded semi- annually. Calculate the amount the law firm would have to repay at the end of the period. What is the amount of interest charged on the loan?AppendixLO1
What was the effective interest rate and the amount that was invested in a mutual fund for two years that grew to $20,000? The interest rates for the two successive years were 3.6% and 4.2% compounded monthly, respectively.AppendixLO1
Calculate the effective interest rate and the amount invested today that will result in a maturity value of $35,000 in two years. The rates for the two successive years are 4.7% and 5.2% compounded daily, respectively.AppendixLO1
Calculate the effective interest rate on a three-year investment of $15,000 if the successive interest rates for the three years are 4%, 4.5%, and 5% compounded quarterly, respectively.AppendixLO1
Calculate the effective interest rate on a three-year, $9000 loan if the successive interest rates for the three years are 5%, 4.5%, and 4% compounded semi-annually, respectively.AppendixLO1
Calculate the accumulated amount, compound interest, and effective interest rate on a three-year investment of $25,000. The rate of interest for the first two years was 6% compounded monthly and for the last year was 4.8% compounded daily.AppendixLO1
Calculate the accumulated amount, compound interest, and effective interest rate on a four-year loan of $45,000. The rate of interest for the first year was 5% compounded semi-annually and for the next three years was 4.5% compounded quarterly.AppendixLO1
Pierre invested $15,500 in shares of a blue chip company. After five years, he sold the shares at market price and earned a profit of $10,000. Calculate the effective interest rate of growth of the shares.AppendixLO1
A software development company lent $20,000 to an employee for two years. If interest of $880 was charged on this loan amount for the entire time period, calculate the effective interest rate of the loan.AppendixLO1
Matthew invested $230,000 to purchase a home. After ten years, he sold the home for $340,000. Calculate the effective interest rate of growth of the value of the home.AppendixLO1
If an $8000 investment grew to $13,000 in six years, what effective interest rate would have provided the same benefit?AppendixLO1
Alyssa was in need of a personal loan urgently. She was offered a loan by her bank at an effective interest rate of 24%. However, she also had the option of obtaining the loan from her credit card company that charged her an interest rate of 1.8% p.m. Where would it be cheaper for her to take this
If a credit card company is offering a loan at an interest rate of 1.55% p.m., what effective interest rate should a bank offer to match this rate?AppendixLO1
Vera's utility bill stated that interest would be charged at a rate of 2.5% per month on any outstanding payments on the invoice. What effective interest rate would be charged on outstanding payments?AppendixLO1
If an interest rate of 1.75% per month is charged by a credit card company, what effective interest rate should be disclosed to the borrower?AppendixLO1
The local bank in Edmonton decided to add 0.65% to the effective rate of interest on Mr. Sumadi's line of credit. If the current rate charged is 7.85% compounded quarterly, calculate the new nominal interest rate compounded quarterly.AppendixLO1
A bank offered its clients a credit card which had a rate of 18.55% compounded daily. If it added 0.5% to the effective rate of interest on this card, what would be the nominal interest rate compounded monthly?AppendixLO1
At which of the following banks would you suggest that Clever Robot Electronics invest its savings of $200,000 for two years and why?a. A bank in Kingston that provides an interest rate of 4.5% compounded annually.b. A bank in London that provides an interest rate of 4.45% compounded
Firestone Machinery wants to save an amount in an account that will give the company the highest return over a two- year period. The Bank of Halifax offers a rate of 2% compounded monthly whilst the Bank of Sarnia offers a rate of 2.1% compounded semi-annually. Which bank should Firestone Machinery
Which of the following rates offers a higher rate of return: 10% compounded annually or 9.7% compounded daily?AppendixLO1
Which of the following rates offers a higher rate of return: 7.55% compounded annually or 7.30% compounded daily?AppendixLO1
Calculate the effective interest rate for each of the following nominal interest rates:a. 4.8% compounded semi-annuallyc. 4.8% compounded monthlyb. 4.8% compounded quarterlyd. 4.8% compounded daily AppendixLO1
Calculate the effective interest rate for each of the following nominal interest rates:a. 6.75% compounded semi-annuallyc. 6.75% compounded monthlyb. 6.75% compounded quarterlyd. 6.75% compounded daily AppendixLO1
City Investors show a 400% increase on its 8-year term deposits with monthly compounded interest rates. Calculate the nominal interest rates for these term deposits.AppendixLO1
City Bank guarantees that any client who invests $100,000 in their accounts that earn semi-annually compounded interest rates will realize a 250% increase in 10 years. Calculate the effective rate of return and the corresponding nominal interest rate for any client that accepts this guarantee with
Calculate the nominal interest rate compounded monthly that provides the same benefit as 6% p.a. simple interest for an investment of $12,000 for nine months.AppendixLO1
For a given simple interest rate of 7% p.a. for an investment of $25,000 for six months, calculate the nominal interest rate compounded monthly that provides the same benefit.AppendixLO1
A credit card charges a periodic interest rate of 0.99% per month on the outstanding balance. Calculate the effective interest rate and its equivalent nominal interest rate compounded quarterly.AppendixLO1
Calculate the effective interest rate and the nominal interest rate compounded daily that is equivalent to a periodic interest rate of 1.25% per month charged by a credit card company on the outstanding balance.AppendixLO1
Francesca was offered rates of 1.2% p.m. or 14% compounded monthly for an upcoming investment. Which rate would earn the most interest?AppendixLO1
Henry wanted a loan and was offered these two rates: 16% compounded quarterly or 1.5% p.m. Which rate would be most advantageous to him?AppendixLO1
Koki and Jeena were shopping around for a good interest rate and they received the following rates from three different banks: 5.84% compounded monthly, 5.92% compounded quarterly, and 6% compounded annually. Which interest rate is economically better for:a. An investment?b. A loan?AppendixLO1
Harish is offered a loan from Bank A at 8% compounded semi-annually. Bank B offers similar terms, but at a rate of 8.16% compounded annually. Which loan should he accept?AppendixLO1
By converting the following rates to their nominal interest rates compounded monthly, determine which is the best rate for a loan: 6.15% compounded semi-annually, 6.11% compounded quarterly, or 6.09% compounded daily.AppendixLO1
By converting the following rates to their nominal interest rates compounded quarterly, determine which is the best rate for an investment: 4.68% compounded daily, 4.72% compounded monthly, or 4.74% compounded semi-annually.AppendixLO1
A bank in Nova Scotia offers a return of 3.5% compounded quarterly on investments in savings accounts. What nominal interest rate compounded daily will provide the same financial benefit?AppendixLO1
A national bank offers five-year loans at 3.25% compounded semi-annually. What nominal interest rate compounded quarterly would a local bank have to offer you so that you would not be disadvantaged by choosing it?AppendixLO1
What nominal interest rate compounded quarterly would result in the same amount of interest earned as 12.13% compounded monthly?AppendixLO1
What nominal interest rate compounded semi-annually would place you in the same financial position as 6.16% compounded quarterly?AppendixLO1
A credit union pays 8% compounded annually on its five-year investments. What nominal interest rate compounded semi-annually would place investors in exactly the same financial position?AppendixLO1
What nominal interest rate compounded semi-annually would place investors in exactly the same financial position as 8.25% compounded annually?AppendixLO1
Determine the nominal interest rates compounded quarterly that are equivalent to the following:a. 7% compounded semi-annuallyb. 6.05% compounded monthlyc. 8% compounded semi-annually AppendixLO1
Determine the nominal interest rates compounded monthly that are equivalent to the following effective interest rates:a. 8%b. 12% 85.34% c.AppendixLO1
A company was charged interest of $17,894.86 on a loan of $100,000 that was compounding monthly for three years. If the interest rate remains the same, how long will it take for the loan to accumulate additional interest of at least $20,000?AppendixLO1
Interest of $6083.19 was charged on a student loan of $30,000 that was compounding semi-annually for three years. If the interest rate remains the same, how long will it take for the loan to accumulate additional interest of at least $6000?AppendixLO1
The interest earned on a $12,000 investment is $3015. Calculate the time period if the monthly compounded rate was 9.00%.AppendixLO1
Owen invested $250,000 in a TFSA that was earning 3.50% compounded semi-annually. How long will it take for the fund to realize an interest amount of $250,050?AppendixLO1
The accumulated value of a mutual fund is $23,371.10 and the interest earned is $5371.10. If it was growing at 7.25% compounded semi-annually, what is the time period of this investment?AppendixLO1
The maturity value of an investment is $8455.45 and the interest earned is $455.45. Calculate the time period of the investment if the interest rate was 4.75% compounded daily.AppendixLO1
Hewlett Plastics Inc. received a loan of $860,000 at 8.75% compounded quarterly to purchase machinery for its factory. Calculate the time period of the loan if the interest accumulated was $355,801.96.AppendixLO1
Your bank offers you a personal loan of $5000 at an interest rate of 6% compounded monthly. If the interest charged on the loan was $2160.22, calculate the term.AppendixLO1
How long would it take for an investment to at least triple at 2.51% compounded monthly?AppendixLO1
Blackrock Mining Corporation wanted to invest in a high-risk investment fund that promises to at least triple its investment at 14.92% compounded quarterly. How long would it take for the investment to mature?AppendixLO1
How long would it take for an investment to at least double at 3.41% compounded semi-annually?AppendixLO1
Windy Oaks Ranch decided to invest its net profit in a fund that promised to double the investment at 7.03% compounded monthly. How long would it take for the investment to at least double?AppendixLO1
A credit union is offering an interest rate of 4.29% compounded semi-annually to its college employees. How long will it take for an investment of $40,000 to accumulate $48,868?AppendixLO1
Charles invested $125,000 in a TFSA that was earning 4.00 % compounded daily. How long will it take for his account to grow to $200,000?AppendixLO1
Lamar invested $50,000 in an RRSP that was earning 4.52% compounded semi-annually. How long did it take for this investment to grow to at least $60,000?AppendixLO1
A sugar processing factory invested its profits of $27,000 in a GIC at 6.25% compounded daily. How long did it take for this amount to grow to at least $30,000?AppendixLO1
How long did it take for an investment of $25,000 to grow to at least $30,000 at 3.23% compounded annually?AppendixLO1
How long did it take for a loan of $215,000 to accumulate to at least $271,825 at 5.27% compounded annually?AppendixLO1
Nadia saw that her TFSA had increased by 180% in four years. If the account was compounded semi-annually throughout the 8-year term, calculate the nominal interest rate earned in the account.AppendixLO1
Milan realized that his investment from 5 years ago had increased by 250%. Calculate the quarterly compounded interest rate earned by his investment.AppendixLO1
The nominal interest rate on a car loan of $8000 that was compounded semi-annually changed at the end of one year. If the accumulated balance was $8656 at the end of the first year and $9100.50 at the end of the second year, calculate the nominal interest rates for each year.AppendixLO1
An investment of $5000 in a TFSA (Tax Free Savings Account) accumulated to $5280 at the end of one year at a monthly compounding interest rate. However, the monthly compounding interest rate for the second year changed and the balance in the account at the end of the second year was $5875.
Mark heard that he could triple his money in 15 years if he invested it in his friend's telecommunications business. What nominal interest rate compounded monthly does the business offer?AppendixLO1
Anish wants to double his money in 15 years in a low-risk savings account. What nominal interest rate compounded monthly would allow this? What nominal interest rate compounded monthly would allow him to double his money in 10 years?AppendixLO1
Maria wishes to have $99,880 in 20 years from her $50,000 investment. Calculate the monthly compounded rate of interest for the investment.AppendixLO1
Hira's investment fund grew from $250,000 to $500,050 in 20 years. Calculate the semi-annually compounded interest rate of the fund.AppendixLO1
Alan hopes to earn $21,000 in interest from his $53,000 investment in the next 12 years. Calculate the nominal interest rate earned by the fund if the fund had a semi-annual compounding frequency.AppendixLO1
Tom's investment fund was compounded quarterly for the past 10 years. In that period, he earned $8,000 in interest. Calculate the nominal interest rate earned by the fund if the accumulated value at the end of that period was $50,000.AppendixLO1
Ajeet's investment of $8000 in a TFSA (Tax Free Savings Account) earned $950 in interest in the past 8 years of quarterly compounding. Calculate the nominal interest rate of the investment.AppendixLO1
Ashraf earned $3015 in interest from his $12,000 investment fund during the past 2.5 years. If the fund was compounded monthly, what was the nominal interest rate?AppendixLO1
If an investment grew to $12,000 in two years and the interest earned was $800, calculate the nominal interest rate compounded daily.AppendixLO1
Bulwark Industries Ltd. invested $30,000 in a mutual fund that earned an interest of $12,000 in 14 years. Calculate the nominal interest rate compounded quarterly for the fund.AppendixLO1
A computer assembling company received a loan of $30,000 to purchase a conveyer belt. If the debt accumulated to $45,850 in two years, calculate the nominal interest rate compounded daily.AppendixLO1
If you have $250,000 in your savings account and wish to have it grow to $1,000,000 in 40 years, calculate the nominal interest rate compounded semi-annually.AppendixLO1
A calculator distributor invested its net income of $35,000 in a mutual fund. Calculate the nominal interest rate compounded semi-annually if the accumulated value in 2 years and 7 months was $44,650.AppendixLO1
Wen Jing received an excellent interest rate for her car loan of $11,000. Calculate the nominal interest rate and periodic interest rate of her loan if it accumulated to $11,170 in five months and interest was compounded quarterly.AppendixLO1
Calculate the nominal interest rate and periodic interest rate for an investment of $100,000 that matures to $200,000 in 10 years if interest is compounded monthly.AppendixLO1
Crush It Calendars Inc. invested this year's profits of $64,000 in a fund that matures to $84,500 in two years. Calculate the nominal interest rate compounded daily and the periodic interest rate of the fund.AppendixLO1
Calculate the size of three equal payments in the second, fourth, and sixth year that will replace payments of $2500, $4000, and $6000 in three, four, and five years, respectively. Assume that money is worth 4.25% compounded semi- annually.AppendixLO1
Calculate the size of three equal payments in the third, fifth, and seventh year, respectively, that will replace payments of $4000 in two years, $6500 in four years, and $8000 in six years. Assume that money is worth 4.25% compounded semi-annually.AppendixLO1
Justin loaned Leroy $8000 at 4.5% compounded semi-annually for sixteen months. Leroy agrees to pay $2000 in one year and the balance in two years. If money is worth 4.10% compounded quarterly, calculate the payment two years from now that will reduce the debt to zero.AppendixLO1
Mrs. Grey borrowed $5000 due in 18 months with interest at 6.50% compounded quarterly. The lender agrees to have her pay $1500 in four months, $1000 in one year, and the balance in two years. If money is worth 5.00% compounded monthly, calculate the payment two years from now that would liquidate
Payments of $1500 in 1 year and $2500 in 2 years to settle a loan are to be rescheduled with a payment of $1000 in 6 months and the balance in 18 months. Calculate the payment required in 18 months to complete the transaction if money earns 4.25% compounded semi-annually.AppendixLO1
Payments of $10,000 in one year and $25,000 in four years are to be rescheduled with a payment of $5000 today and the balance in three years. Calculate the payment required in three years to complete the transaction if money earns 5.2% compounded quarterly.AppendixLO1
Niranjani was offered to settle her college tuition fee with two equal payments of $2500 in three months and nine months. She wanted to reschedule her payments with a payment of $1500 now and the balance in six months. Calculate the payment required in six months to settle the loan. Assume that
Randy was offered the following equivalent payment options to settle his car loan: Option A: $7500 in 300 days and $10,000 in 450 days. Option B: Two equal payments: one in 180 days and another in 365 days. Calculate the value of the equal payments under Option B assuming that money earns 4.2%
Calculate the two equal installments, one in one year and the other in two years, that would replace a payment of $2000 today and a payment of $8500 in five years. Assume money is worth 4% compounded semi-annually.AppendixLO1
What equal payments, one in one year and the other in five years, would replace payments of $8000 and $10,000 in four and six years, respectively? Assume money can earn 8% compounded annually.AppendixLO1
When Rutherford Steels bid for an infrastructure project, the company was offered the following two payment options: Option A: A payment of $750,000 at the end of one year, which is the scheduled completion time for the project. Option B: $100,000 advance payment on commencement of the project and
Thomas, an architect, is expected to make a first payment of $4000 in one year and a second payment in two years to a designer. Calculate his second payment if both these payments are economically equivalent to a single payment of $8000 today. Assume money can earn 6% compounded daily.AppendixLO1
What three equal payments in one year, two years, and three years would replace one single payment of $4000 today at an interest rate of 6% compounding monthly?AppendixLO1
A year ago, Aisha loaned $12,000 to Chang at the rate of 4% compounded quarterly. Chang was required to repay this amount in three equal yearly installments, with payments starting from the end of the first year. How much interest did Aisha earn from this transaction?AppendixLO1
Nimmi invested $75,000 in an educational fund for her two granddaughters who are currently aged 3 years and 7 years, respectively. She planned that her granddaughters would receive equal amounts when each of them reached the age of 15 years. How much will each of them receive if the fund is earning
How much will each of them receive when they turn 18 years old?AppendixLO1

Showing 300 - 400 of 5571

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Last

Step by Step Answers

Services

Sitemap
Fun
Definitions
Become Tutor
Used Textbooks
Study Help Categories
Recent Questions
Expert Questions
Campus Wear
Sell Your Books

Company Info

Security
Copyrights
Privacy Policy
Terms & Conditions
SolutionInn Fee
Scholarship
Online Quiz
Give Feedback, Get Rewards

Get In Touch

About Us
Contact Us
Career
Jobs
FAQ
Student Discount
Campus Ambassador

Secure Payment

Download Our App

© 2026 SolutionInn. All Rights Reserved