a. What will be the maturity value of $15,000 placed in a 120-day term deposit paying an

Question:

a. What will be the maturity value of $15,000 placed in a 120-day term deposit paying an interest rate of 1.25%?

b. If, on the maturity date, the combined principal and interest are "rolled over" into a 90-day term deposit paying 1.15%, what amount will the depositor receive when the second term deposit matures?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamentals Of Business Mathematics In Canada

ISBN: 9781259370151

3rd Edition

Authors: F. Ernest Jerome, Jackie Shemko

See More Books

Question Posted: Oct 21, 2020 05:53 AM

See More Questions

What will be the maturity value of $ 30,000 deposited in a three- year certificate of deposit that earns 8 percent interest compounded semiannually?
What will be the maturity value of $5500 placed in a 120-day term deposit paying an interest rate of 2.75%?
What will be the maturity value in 15 months of a $4500 loan at a simple interest rate of 11.9%?
March is a month of variable weather in the Northeast. The chart below records the actual high and low temperatures for a selection of days in March from the weather report for Pittsburgh,...
Hot gases enter a well-insulated jet engine turbine with a velocity of 50 m/s, a temperature of 1000oC, and a pressure of 600 kPa. The gases exit the turbine at a pressure of 250 kPa and a velocity...
What impact does distributed leadership have on organizational agility and decision-making processes, especially in decentralized organizational structures ?
Pet-Pro is a company that imports and markets pet food feeders to customers in Malaysia. The food feeder, which is called "Smart Feeder," allows pet owners to feed pre-determined quantities of food...
The following is the balance sheet of Korver Supply Company at December 31, 2010. The note payable is dated June 30, 2010 and is due on June 30, 2012. Interest at 6% is payable annually on June 30....
1. What are the main challenges for MNCs when they do business in African markets. Using the PESTL for your analysis. 2. What PESTEL factors should a foreign firm consider when contemplating entering...
Bear Park Ltd., a camping ground in the Lake District, has compiled the following financial information as of December 31, 2017. Instructions (a) Determine Bear Park's net income for 2017. (b)...
An investment promises two payments of $500, on dates three and six months from today. What is the value of the investment today if the required rate of return on the investment is 9%?
An investment promises to pay $27,500 in 8 months from now. How much should an investor be willing to pay for this investment today if the market rate of return is 4.25%?
Draw the ATC, AVC, and MC curves for a typical firm. Label the price at which the firm would shut down temporarily and the price at which the firm would exit the market in the long run.
Get Familiar with various Social Media Channels .The aim of this project is to help you focus on each channel's history, how it can be used for personal, business, and advertising purposes. You will...
Based on the Learning Activities for LP02, describe the information you found when searching the Internet for "human resource policies and procedures" and the other websites. How will this research...
The uganda supplier of electric bicycle - "Airliftt" imposes a fixed ordering cost of $120 per order, regardless of the order quantity. Young Lee has estimated the inventory holding cost for electric...
You represent a large U.S. corporation that manufactures rubber tires, and you want to begin manufacturing and distribution in another country. Choose a country that you think you would want to start...
You are implementing an Agile transformation. There is resistance at the Enterprise level. How would you deal with the resistance?Give examples. Discuss the role & responsibilities of a Virtual PMO....
Javier and Anita Sanchez purchased a home on January 1 of year 1 for $500,000 by paying $50,000 down and borrowing the remaining $450,000 with a 7 percent loan secured by the home. The loan requires...
Conduct a VRIO analysis by ranking Husson University (in Maine) business school in terms of the following six dimensions relative to the top three rival schools. If you were the dean with a limited...
In using the t distribution table, what value of t would correspond to an upper-tail area of 0.10 for 28 degrees of freedom?
Researchers have estimated that office workers in Germany receive an average of 15.0 fax messages per day. Assuming this finding to be based on a simple random sample of 80 German office workers,...
According to Nielsen//Net Ratings, the average visitor to the American Greetings website spends 11.85 minutes at the site. Assuming this finding to be based on a simple random sample of 20 visitors...
What choice is a multiple of 5? a) 93 b) 63 c) 65 d) 84
Determine how many tablets will be needed to give the dosage. Prepare a dosage of 6.4 mg using tablets with a strength of 1.6 mg.
(a). Company Inc., private consumer regulator firm, claims that the standard deviation of the rating of Formula One races in the town main car racing circuit was at least 15.34. (b). An outside...

a. What will be the maturity value of $15,000 placed in a 120-day term deposit paying an

Question:

Step by Step Answer:

a b Maturit...View the full answer

Fundamentals Of Business Mathematics In Canada

Students also viewed these Mathematics questions