User Account

All Pages

What is the interest rate per month that is equivalent

Assignment Help Accounting Basics
Reference no: EM132600550

Question - Helen invested her savings of $1,250 in a savings account that was earning simple interest at 3.63% p.a. She also invested $3,475 in her friend's business at 0.20% p.m.

a. What is the interest rate per month that is equivalent to 3.63% p.a.?

b. What was the total interest earned from both investments at the end of 9 months?

Reference no: EM132600550

Questions Cloud

How much would he have had received at maturity : If he had invested the amount in a fund earning 1.20% p.a. more, how much would he have had received at maturity
Calculate private saving-private saving : Calculate private saving, private saving, national saving, investment, and the equilibrium real interest, budget balance.
Strong educational programs : At UC, it is a priority that students are provided with strong educational programs and courses that allow them to be servant-leaders
How much cash divedend will receive : If Cynthia tac-an owns 1000 shares, how much cash divedend will she receive? What is the entry yo record the declaration of cash dividend on may 19?
What is the interest rate per month that is equivalent : Helen invested her savings of $1,250 in a savings account that was earning simple interest at 3.63% p.a. What is the interest rate per month that is equivalent
How does affect budget balances : During a recession, government often pursues expansionary fiscal policy. How does this affect budget balances?
Calculate the equivalent units of material : Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion. Calculate the equivalent units of material
Compute what depletion charge per tonne of extract resource : Roan Corp. acquired a tract of land containing an extractable, If Roan maintains no inventories, what is the depletion charge per tonne of extracted resource?
Explain four major economic roles of government : 1 Government in all economies play an active economic role. Jamaica: i. Identify and explain four major economic roles of government.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd