Solution-Interest rate associated with the account

Interest rate associated with the account

Reference no: EM131081323

Assume you deposit $600 in an account, and that in 6 years you have $900. Assuming daily compounding frequency what is the quoted annual interest rate associated with the account?

Reference no: EM131081323

Questions Cloud

Prepare statement showing expenses of operating a single bus : Prepare a statement showing the expenses of operating a single bus and the fleet of five buses for a year. Work out the average cost per student per month in respect of 1. Students coming from a distance of up to 4 km from the school.

Approximate score for a student : (a) What is the estimated percentile for a student who scores 465 on Writing? (b) What is the approximate score for a student who is at the 87th percentile for Writing?

Machine produces a defective item : Suppose that a machine produces a defective item with probability p and produces a non-defective item with probability 1 - p. Suppose further that five items produced by the machine are selected at random and inspected,

How america understood fundamentalism at the time : Elizabeth is a Fundamentalist living in the 1930's. Your task (again, as a member of the Rasmussen College Historical Society) is to go back in time and interview Elizabeth. The focus of your interview is twofold. First, you are to discern from E..

Interest rate associated with the account : Assume you deposit $600 in an account, and that in 6 years you have $900. Assuming daily compounding frequency what is the quoted annual interest rate associated with the account?

Determine the key features of each company''s business-level : Determine the key features of each company's business-level strategy.

Find the gross profit margin ratio for mile wide : Find the gross profit margin ratio for Mile Wide for 2010 and 2011. Find the asset turnover ratio for Mile Wide for 2010 if its average total assets were $126,432. Find the asset turnover ratio for Mile Wide for 2011 if its average total assets were ..

External financing sources : A firm wishes to maintain an internal growth rate of 7.8 percent and a dividend payout ratio of 40.0 percent. The current profit margin is 6.2 percent, and the firm uses no external financing sources.

Percent change in the cash coverage ratio : What is the approximate percent change in the cash coverage ratio? What is the precise percent change in the cash coverage ratio?

User Account

All Pages

Interest rate associated with the account

Reference no: EM131081323

Reference no: EM131081323

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT