Question: 1. How long in years and months will it take for an investment of $1950 to accumulate to $2129.55 at 6.5% p.a. simple interest? 2.

1. How long in years and months will it take for an investment of $1950 to accumulate to $2129.55 at 6.5% p.a. simple interest? 2. Blossom invested her savings of $2850 in an account that provided a simple interest rate of 4.25% p.a. How long in years and months will it take for her investment to grow to $3021.59? 3. Cristiano borrowed $4225 on June 04, 2014 from a money lender and agreed to repay the loan on April 03, 2015. What would be the repayment amount if the interest rate charged was 7.2% pa.? How much of this is the interest

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Mike Greenberg opened Kleene Window Washing Inc. on July 1, 2022. During July, the following transactions were completed. July 1 Issued 12,000 shares of common stock for $12,000 cash. 1 Purchased...

How long, in years and months, will it take for an investment of $1950 to accumulate to $2129.55 at 6.5% p.a. simple interest? AppendixLO1

Blossom invested her savings of $2850 in an account that provided a simple interest rate of 4.25% p.a. How long, in years and months, will it take for her investment to grow to $3021.59? AppendixLO1

Please answer this as soon as possible. The present value of an annuity of $2,000 payable at the start of each month at J12 = 12% for 8 years is: Select one: O A. $290,271.42 O B. $124,285.96 O C....

1. Amy invested $2,560 for 275 days at a simple interest rate of 3.50% p.a. How much more or less interest would he have earned on the investment if his money was growing at a simple interest rate of...

PowerPoint Assignment for BUS 401: Principles of Finance You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value...

Chapter 7:7.2 #2 (p. 168) Chapter 8:8.2 #3 (p. 205) Chapter 9:9.2 #1 (p. 225) a., b., and c. (for c., only answer the adjustable rate mortgage part Chapter 7 from Personal Finance was adapted by The...

1.How many days will it take for $1950 to accumulate to $2125 at 6.5% p.a.? 2.Isabel received a demand loan from her bank for $8500 at 4% p.a. simple interest. Three months later, the prime rate...

i need some one toanswering these three questions. make sure to include apa format for the information pretty straight forward. Attached below are the chapters. Chapter 7: 7.2 #2 (p. 168) Chapter 8:...

Question: 2) Veronica loaned $7,000 to Rachel at a simple interest rate of 4.66% p.a. for 2 years and 9 months. Calculate the amount of interest charged at the end of the term. 3) How long will it...

2) Veronica loaned $7,000 to Rachel at a simple interest rate of 4.66% p.a. for 2 years and 9 months. Calculate the amount of interest charged at the end of the term. 3) How long will it take for an...

a. What was Chopra's role at Helio? b. As a shareholder, isn't he entitled to information about the company? c. Why type of information does shareholders have a right to receive? d. Was Chopra's...

The Adjusted Trial Balance columns of a 10-column work sheet for Propel Company follow. Complete the work sheet by extending the account balances into the appropriate financial statement columns and...

Imagine yourself in one of the jobs you would like to land after graduation. Thinking about the importance of personalizing motivational tactics whenever possible, identify several steps your manager...

bond is a bond that can be exchanged, at the owner's option, for a specified number of shares of the corporation's common

3. The income elasticities of demand for movies, dental services, and clothing have been estimated to be +3.4, +1, and +0.5, respectively. Interpret these coefficients. What does it mean if an...

3. The problem with our democratic institutions is that they dont correctly reflect the will of the people! If the people rather than self-interested politicians or lobbyistshad control, we wouldnt...

2. Majority voting ensures that government will produce only those public goods for which benefits exceed costs. Discuss. LO5.3