How much interest on interest did the company earn

Assignment Help Financial Management

Reference no: EM131020736

Precision Engineering invested $110,000 at 6.5 percent interest, compounded annually for 4 years. How much interest on interest did the company earn over this period of time? The correct answer is $2,911.30, I am using a BA II Plus calculator, can you show me how to get this answer using this calculator?

Reference no: EM131020736

Questions Cloud

Determine the corresponding z -transform : Determine the corresponding z -transform G(z) and the characteristic equation for this system. Using the bilinear transformation and Routh's Stability Criterion, determine the range of K for stability when the sampling time T = 0.25 s.

What are these configurations used for : Using your experiences with different kinds of networks, discuss your thoughts about the importance of visualization of the network, the design of the network in the overall success of a network installation or upgrade.

What''s the standard deviation of the firms returns : Returns for the Alcoff Company over the last 3 years are shown below. What's the standard deviation of the firm's returns?

Explain the major ethical implications of the study : Briefly summarize the main details of your chosen social psychology research study. Identify the main research method(s) used in the study - Explain whether or not you believe the research methodology that the researchers used in the study was the ..

How much interest on interest did the company earn : Precision Engineering invested $110,000 at 6.5 percent interest, compounded annually for 4 years. How much interest on interest did the company earn over this period of time? The correct answer is $2,911.30, I am using a BA II Plus calculator, can yo..

Multi segment marketing : Multi segment marketing is likely to ____ and ____

What is the future value if payments are ordinary annuity : Suppose you are going to receive $13,300 per year for six years. The appropriate interest rate is 8.2 percent. What is the present value of the payments if they are in the form of an ordinary annuity? What is the present value if the payments are an ..

Is mary maximizing utility : Mary is buying corn chips and soda. She has 4 bags of corn chips and 5 bottles of soda in her shopping cart. The marginal utility of the fourth bag of corn chips is 10, and the marginal utility of the fifth bottle of soda is also 10. Is Mary maxi..

Firewalls can operate at all osi layers except which of them : In which system life cycle phase should security policy be established?

User Account

All Pages