Ameer invested $ 159 in a bank account that earns 8.82 percent per year. How much will

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

Question:

Ameer invested $ 159 in a bank account that earns 8.82 percent per year. How much will Ameer receive after 15.15 years of maintaining the investment in the account?

Related Book For answer-question

Engineering Economy

ISBN: 978-0132554909

15th edition

Authors: William G. Sullivan, Elin M. Wicks, C. Patrick Koelling

See More Books

Posted Date: Apr 04, 2023 04:28 AM

See More Questions

Ques 1: What is the major complaint by firms concerning the Sarbanes-Oxley act of 2012? A. the legislative maximum allowable compensation for a CEO. B. the legal requirement to disclose project...
(1) The Martin family recently deposited $1,000 in a bank account that pays a 3 percent nominal interest rate. Interest in the account will be compounded daily (365 days = 1 year). How much will they...
1. Suppose you invest $10,000 in a bank account at an interest rate of 6%. How much will you have in your account at the end of two years? How much is simple interest and how much is compound...
The value of a dirt bike decreases by 25% each year. If you purchased this dirt bike today for $500, to the nearest dollar how much would the bike be worth 5 years later?
Carvone (Problem 12.39) has an intense infrared absorption at 1690 cm1. What kind of ketone does carvone contain?
The angular frequency $\omega$ of a simple pendulum can be calculated by treating the pendulum as a one-dimensional oscillator. In Section 15.4, we used this approach to analyze the restoring force...
Taibert Corporation hired an independent computer programmer to develop a simplified payroll application for its newly purchased computer. The programmer developed an online data entry system that...
Spitz Company ordered merchandise from a foreign supplier on November 20 at a price of 100,000 forints when the spot rate was $0.50 per forint. Delivery and payment were scheduled for December 20. On...
ABC Holdings, the owner of a 2 5 , 0 0 0 - square - foot warehouse building, just installed a 9 5 % - efficiency HVAC system with a 2 5 - year service life at a cost of $ 1 5 . 0 0 per square foot....
Company ABC is a multinational company in Australia which has its branches all over the world. It has few servers like database server, Web server, Mail server and Storage Devices and different...
(a ) Distinguish between financial markets and Financial Institutions , clearly explaining the critical role that the play in the Financial System ( 6 marks ) ( b) Suppose you have invested funds in...
A capacitor having capacitance $10 \mathrm{pF}$ is connected to a $9-\mathrm{V}$ battery. If you consider a cylindrical Gaussian surface around the capacitor, calculate the net electric flux...
Assume that $y$ is normally distributed with mean $\mu$ and variance $\sigma^{2}$. Let $\phi(\cdot)$ and $\Phi(\cdot)$ be the standard normal density and distribution functions,...
Suppose that a one-way analysis of variance involves four treatments but that a different number of observations (e.g., $n_{i}$ ) has been taken under each treatment. Assuming that $n_{1}=3, n_{2}=2,...
When a potential difference of $1.00 \mathrm{~V}$ is maintained between opposing faces of a metal that has a charge carrier number density of $n=6.60 \times 10^{28}$ charge carriers \(/...
A bullet travels through air (300 K, 100 kPa) at twice the speed of sound. Determine the temperature and pressure at the nose of the bullet. Note that although there will be a curved, bow shock ahead...
What are the benefits of Corporate Social Responsibility for organizations using Resource Based View Theory and/or Stakeholder Theory?
Chicago Company sold merchandise to a customer for $1,500 cash in a state with a 6% sales tax rate. The total amount of cash collected from the customer was $558. $600. $642. $636. Nevada Company...
A movie theatre is considering the purchase of a new digital projection system (each showing is as perfect as when it was first filmed). The new ticket price per person would be $7.50, which is $1.00...
Refer to Problem 5-56. If the government expects inflation to average 3% per year, what is I the equivalent uniform annual savings in fuel (jet fuel |savings will be $2.5 billion one year from now)....
The Capitalpoor Company is considering purchasing a business machine for $100,000. An alternative is to rent it for $35,000 at the beginning of each year. The rental would include all repairs and...
Create a similar barplot as in Figure 1. 5, but now plot the corresponding proportions of males and females in each of the three situation categories. That is, the heights of the bars should sum up...
Import the data set EuStockMarkets from the same website as the iris data set above. The data set contains the daily closing prices of four European stock indices during the 1990s, for 260 working...
The iris data set, mentioned in Section1.1, contains various features, including 'Petal.Length' and 'Sepal.Length', of three species of iris: setosa, versicolor, and virginica. (a) Load the data set...

Ameer invested $ 159 in a bank account that earns 8.82 percent per year. How much will

Question:

Expert Answer:

To calculate the amount that Ameer will receive after 1515 years of ... View the full answer

Engineering Economy

Students also viewed these accounting questions