How much interest will be earned on a 91-day $15,000 term deposit that pays an interest rate

Question:

How much interest will be earned on a 91-day $15,000 term deposit that pays an interest rate of 0.2% per annum?

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

On January 1, Beth Woods made a single deposit of $ 8,000 in an investment account that earns 8 percent interest. Required: Round answers to two decimal places. 1. Calculate the balance in the...
How much interest will be earned on $5000 in five months if the interest rate is 5.5%?
How much interest will be earned on a 91-day, $65,000 term deposit that pays an interest rate of 1.15%?
b) Calculate the Fault Level in MVA if a symmetrical bolted 3-phase fault occurs on the LV side of the 5MVA Transformer at 11kV c) The Tranformer impedance is 6% - Calculate the short circuit current.
Steam enters an adiabatic turbine steadily at 6 MPa and 600oC, 50 m/s, and exits at 50 kPa, 100oC, 150 m/s. The turbine produces 5 MW. Determine. The mass flow rate. Neglects pe.
How does the integration of transformational leadership principles enhance organizational efficacy in a dynamic, globalized marketplace ? Explain
Formally show that \[ D_{i}=\frac{r_{i}}{p} \frac{h_{i i}}{1-h_{i i}} \]
Hawkeye Networks is a U.S. corporation with no foreign-source income of its own, but it does have wholly owned subsidiaries in Korea and Singapore. The Korean subsidiary has $43 million of pre-tax...
1. What is the decision facing Oracle? 2. What factors are important in understanding this decision situation? 3. What are the possible alternatives? Fully describe at least two. 4. Pretend you are...
Each year, J.D. Power and Associates publishes the results of its North American Hotel Guest Satisfaction Index Study. For 2009, the study revealed that 66% of hotel guests were aware of the hotel's...
How much should an investor be willing to pay today for an investment that will pay $17,400 in nine months from now if the discount rate is 1.25%?
Seth has a savings account balance of $1834.38 on May 1. On May 8 his balance increased to $2400 and remained there until the end of the month. His account pays 1.85% per annum. Interest is...
Jeanie acquires an apartment building in 2005 for $250,000 and sells it for $500,000 in 2016. At the time of sale there is $75,400 of accumulated straight-line depreciation on the apartment building....
Econ 1101 with Dr. Beck Exercise 4 The following pertains to our basic supply and demand model. Any principles of economics book will have coverage of this material. Additionally, a free, online...
Analyze the provided financial spreadsheets that include balance sheets and income statements for all hospitals in the region. You decide what calculations/benchmarks are most important to understand...
In a wastewater treatment plant, it is required to setup a number of circular sedimentation tanks (in parallel) in the primary stage. The tanks should be suitable to treat wastewater generated from a...
Task 3: What is the total surplus change caused by a ban on charging different prices?
Do you think Rwanda's gacaca model provides an acceptable substitute for more formal models of justice-seeking after genocide? What is the significance of "the Pinochet case"? Do you think the...
Steve and Stephanie Pratt purchased a home in Spokane, Washington for $400,000. They moved into the home on February 1, of year 1. They lived in the home as their primary residence until November 1...
Air pollution generated by a steel mill is an example of a) a positive production externality. b) a negative production externality. c) a public good. d) the free-rider problem. State and local taxes...
On CNN and other news networks, guests often express their opinions in rather strong, persuasive, and sometimes frightening terms. For example, a scientist who strongly believes that global warming...
In response to the assertion made in Exercise 10.8, suppose an insurance company executive were to claim the percentage of fraudulent auto theft reports to be no more than 10%. What null and...
Regarding the testing of pharmaceutical companies claims that their drugs are safe, a U.S. Food and Drug Administration official has said that its better to turn down 1000 good drugs than to approve...
Develop a 3-year financial projection for your proposed cancer tele-genetics program . State any and all assumptions you make in creating your estimates. Please consider the following in creating...
Lets assume that we have project L, which has a 40% chance of turning out good. The company Raises $7,000, 50% from bondholders demanding a 6% interest rate and 50% from stockholders, which becomes...
Please assist in the filling out the above and below table. I have provided all information that has been provided to me. Company Shares Outstanding Latest Share Price MVE Total Debt W d W e a b c =...

How much interest will be earned on a 91-day $15,000 term deposit that pays an interest rate

Question:

Step by Step Answer:

Step1 91 days are equivalent to 3 months We want to calculate the inte...View the full answer

Fundamentals Of Business Mathematics In Canada

Students also viewed these Mathematics questions