Suppose you find a two-year investment that pays 15% per year. If you invest $700. How much

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

Question:

Suppose you find a two-year investment that pays 15% per year. If you invest $700. How much will you have at the end of the two years? Now calculate what is the simple interest amount and compound interest amount in total earnings.

Related Book For answer-question

Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

See More Books

Posted Date: Feb 03, 2023 11:48 PM

See More Questions

How much will you have at the end of 20 years if you invest $100 today at 15 percent annually compounded? How much will you have if you invest at 15 percent continuously compounded?
How much must you deposit at the end of each quarter in an account that pays a nominal interest rate of 20 percent, compounded quarterly, if at the end of five years you want $10,000 in the account?...
How much must you deposit at the end of each year in an account that pays a nominal annual rate of 20 percent, if at the end of five years you want $10,000 in the account?
Complete the given table. Number of Days Outstanding Accounts Receivable Estimated % Uncollectible Total Estimated Uncollected Accounts 045 days $ 752,000 2 % $enter a dollar amount 4690 days 255,000...
Suppose a computer virus disables the nations automatic teller machines, making withdrawals from bank accounts less convenient. As a result, people want to keep more cash on hand, increasing the...
Another operation with vectors is the scalar triple product, defined to be u (v w), for vectors u, v, and w in R 3 . Express u, v, and w in terms of their components and show that u (v w) equals...
Custom Baseball Hats sells all its merchandise on credit. It has a profit margin of 4 percent, days sales outstanding equal to 60 days (based on a 365-day year), receivables of $\$ 147,945.20$, total...
Required Indicate whether a bond will sell at a premium (P), discount (D), or face value (F) for each of the following conditions: a. ____ The stated rate of interest is higher than the market rate....
1. Calculate the Gas Permeability. 2. Calculate the Liquid Permeability. Explain the process how to calculate the permeability. 3. Compare these two permeabilities, is the gas permeability higher...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Give the depreciable or amortizable lives for 2017 tax purposes for these assets: Automobiles Business furniture Computers Residential real estate Commercial real estate Land Purchased goodwill
Calculate the total time required to transfer a 1.5 MB file in the following cases, assuming an RTT of 80 ms, a packet size of 1 kB data, and an initial 2 RTT of handshaking before data are sent....
In Problems 7-18, a sample of paired data gives a linear correlation coefficient $r$. In each case, use Table 14.10 to determine whether there is a significant linear correlation. Table 14. 10...
Explain the fallacy of the exception.
Draw a scatter diagram and find $r$ for the data shown in each table in Problems 25-30. 1 234 1 5 8 13
Hosts A and B are each connected to a switch S via 10-Mbps links as in Figure 1.21. The propagation delay on each link is 20 s. S is a store-and-forward device; it begins retransmitting a received...
Black Company bought land in 2018 at a cost of P300,000. In 2021, the land was revalued to P350,000 and in 2024 it was revalued again to P400,000. At the end of 2027, the land had a value in use of...
The Adjusted Trial Balance columns of a 10-column work sheet for Webber Co. follow. Complete the work sheet by extending the account balances into the appropriate financial statement columns and by...
Maness Industries plans to issue some $100 par preferred stock with an 11 percent dividend. The stock is selling on the market for $97.00, and Maness must pay flotation costs of 5 percent of the...
Compute the capital gains tax liability for each of the following cases: a. An individual sold a municipal bond for $1,150 two years after it was purchased for $950. b. An individual sold 100 shares...
Suppose that if rRF = 5% and rM = 12%. What is the appropriate required rate of return for a stock that has a beta coefficient equal to 1.5?
P. Topp is employed at a rate of 12 per hour. During the week to 18 May 2016 he worked his basic week of 40 hours. According to the requisite tables the income tax due on his wages was 46, and...
Why do you think this development occurred?
What other deductions might be made from gross pay by an employer?

Suppose you find a two-year investment that pays 15% per year. If you invest $700. How much

Question:

Expert Answer:

Principles of Finance

Students also viewed these finance questions