Question: If $ 1.1 is borrowed for 703 days, and compounded half-yearly interest of 6.1 per cent per annum is charged, the accumulated amount payable will

If $ 1.1 is borrowed for 703 days, and compounded half-yearly interest of 6.1 per cent per annum is charged, the accumulated amount payable will be

Select one:

a. 0.14

b. -18.77

c. 1.23

d. -19.87

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 Finance Questions!

Q:

XTZ Company took a loan from the bank and after 382 days, and compounded quarterly interest of 8.3 per cent per annum is charged, 724.1 is payed back.What is the the loan amount that is taken? Select...

Q:

Please Solve these numericals. - + Fit to page Page View All Read aloud L Add notes Compound interest earned (harder) [LO 1] Frank has invested $10000 for 10 years at 12.4 per cent per annum. He has...

Q:

The following information has been extracted from the accounting records of Windtalker Limited for the reporting period ending 31 March 2022. 2022 2021 $ $ $ $ Advertising expenses 562 150 447 800...

Q:

I need the completed income statement and the balance sheet please. Thank you! ZZ POPS ICE-CREAM Introduction The objective of this practice set is to provide students with an opportunity to 'do' the...

Q:

I need the completed income statement and the balance sheet please. Thank you! ZZ POPS ICE-CREAM Introduction The objective of this practice set is to provide students with an opportunity to 'do' the...

Q:

I just need help with part 2/ stage 2 please. ZZ POPS ICE-CREAM Introduction The objective of this practice set is to provide students with an opportunity to 'do' the accounting tasks that learn in...

Q:

Prepare the necessary Journal entries to account for the transactions below. The following information has been extracted from the accounting records of W Limited for the reporting period ending 31...

Q:

COMPANY BACKGROUND Pets Paradise sells pet foods, toys and accessories bought from a number of suppliers who source the goods from local and overseas manufacturers. The goods are sold to several pet...

Q:

Pets Paradise sells pet foods, toys and accessories bought from a number of suppliers who source the goods from local and overseas manufacturers. The goods are sold to several pet shops and...

Q:

COMPANY BACKGROUND Pets Paradise sells pet foods, toys and accessories bought from a number of suppliers who source the goods from local and overseas manufacturers. The goods are sold to several pet...

Q:

For this week's lab, you will use two of the classes in the Java Collection Framework: HashSet and TreeSet. You will use these classes to implement a spell checker. Set Methods this lab, you will...

Q:

30. Comparing Methods for Uncollectible Receivables LO2, 3 The following data pertains to the operations of Knight Corporation for 2012: Net credit sales $725,000 Net income (before bad debt expense)...

Q:

A corporation deducts its interest expense in a period from its Earnings Before Interest and Taxes to get the tax deduction or shield of a lower Earnings Before Tax. Group of answer choices True False

Q:

A project has cash flows of $148,000, $58,200, $97,200, and $79,100 for Years 0 to 3, respectively. The required payback period is two years. Based on the payback period of years for this project,...

Q:

The loss of entrepreneurially minded staff from larger organizations back to family businesses has focused attention on recruitment, retention and compensation.

Q:

Specific training needs are coming to the fore: language, computer, sales and marketing skills.

Q:

manageremployee relationship deteriorating over time;