Sylvie invested $17,000 at 4.65% on September 8, 2016. a. How much will her investment be worth

Question:

Sylvie invested $17,000 at 4.65% on September 8, 2016.

a. How much will her investment be worth on March 18, 2017?

b. How much interest did Sylvie earn on the investment?

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 16, 2020 03:58 AM

See More Questions

Hayley recently invested $50,000 in a public utility stock paying a 3 percent annual dividend. If Hayley reinvests the annual dividend she receives net of any taxes owed on the dividend, how much...
Hayley recently invested $50,000 in a public utility stock paying a 3 percent annual dividend. If Hayley reinvests the annual dividend she receives net of any taxes owed on the dividend, how much...
1. Ethan just hit the jackpot in Las Vegas and won $ 35,000! If he invests it now at a 10% interest rate, how much will it be worth in 15 years? 2. Trent would like to have $ 3,500,000 saved by the...
Sparkle is one firm of many in the market for toothpaste, which is in long-run equilibrium. a. Draw a diagram showing Sparkles demand curve, marginal-revenue curve, average total- cost curve, and...
Suppose the equilibrium constant of the dissociation reaction H2 = 2H at 2000 K and 1 atm is K1. Express the equilibrium constants of the following reactions at 2000 K in terms of K1: (a) H2 2H at 4...
A clothing manufacturer produces and boxes 45 shirts each hour. Five shirts are put in each box for shipment. How many boxes can be filled in 8 hours?
What are the primary advantages of HR portals and shared-services centers? Give examples of how HR professionals might use each to better achieve cost controls and service enhancement.
On October 15, 2018, our company sells to a retailer located in Austria 12,000 units of a product at a sales price of 35 per unit, and we require payment in Euros (). The exchange rate on the date of...
Trump Ltd. decided to increase its bill payment time from 20 days to 40 days. It was said that they wanted to exercise some cost control and optimize cash flow. i) What impact will this have on...
The managing partner of Brenda McCoy Accounting is considering the desirability of tracing more costs to jobs than just direct labour. In this way, the firm will be better able to justify billings to...
A payment stream consists of $1200 payable today ai1d $1800 payable in 6 months. What is the equivalent value of the payment stream 2 months from now if money is worth 6.5%?
A loan of $25,000 at 4.25% was advanced on September 12, 2016. A payment of $12,000 was made on January 5, 2017, and a second payment of $8000 was made on February 18, 2017. a. What third payment on...
Use the 2008 Form 10-K for Snap-on Inc. to complete the requirements below. To obtain the Form 10-K you can use either use the EDGAR system following the instructions in Appendix A, or it can be...
Assume we have a machine where all instructions require the same amount of time to execute, and they execute instructions as a state machine with 10 stages. The maximum propagation delays are listed...
How code is organized can affect performance in a pipelined processor. Let us assume a pipelined version of the processor developed in the project, similar to what we discussed in class on Feb 14th....
Review shopifys, expansion activities and business growth of past ten years (approximately) and discuss the following 1. Do you think their selection of international locations/countries was...
Your team has created a new food item that has been accepted at four major grocery stores. You have decided to use P.O.P. advertising as a major part of your IBP campaign. Detail your P.O.P....
Collect AT LEAST FIFTEEN relevant academic resources on sustainable tourism from the library, online databases e.g. Emerald Fulltext, Proquest, Science Direct, online journals, your study guide and...
How do changes in the environment affect the success of a company's business model?
What kind of financial pressures can an LBO cause?
What nonparametric test could be used to test for the effect of linoleic acid on SBP? Hypertension Polyunsaturated fatty acids in the diet favorably affect several risk factors for cardiovascular...
Perform the test in Problem 9.19, and report a p-value? Hypertension Polyunsaturated fatty acids in the diet favorably affect several risk factors for cardiovascular disease. The principal dietary...
Compare your results in Problems 9.18 and 9.20, and discuss which method you feel is more appropriate here? Hypertension Polyunsaturated fatty acids in the diet favorably affect several risk factors...
Using Regression to Calculate Fixed Cost, Calculate the Variable Rate, Construct a Cost Formula, and Determine Budgeted Cost Pizza Vesuvio makes specialty pizzas. Data for the past 8 months were...
Mackenzie Corp. is preparing the December 31, 2023, year-end financial statements. Following are selected unadjusted account balances: Estimated warranty liability $ 6,650 Income tax expense Mortgage...
Kubin Company's relevant range of production is 20,000 to 23,000 units. When it produces and sells 21,500 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $...

Sylvie invested $17,000 at 4.65% on September 8, 2016. a. How much will her investment be worth

Question:

Step by Step Answer:

a FV principal 1 rate year...View the full answer

Fundamentals Of Business Mathematics In Canada

Students also viewed these Mathematics questions