User Account

All Pages

What was the interest rate on the account

Assignment Help Finance Basics
Reference no: EM132234853

(a) Erin put $400 into a savings account earning simple interest. She made no additional deposits or withdrawals. At the end of 3 years, she had $442 in her account. What was the interest rate on the account?

(b) Katie has a balance of $239.56. She deposits a check for $23.89 and a check for $89.06. Then Katie makes a withdrawal from the ATM for $150.00. What is Katie's new balance

(c) An account that is earning interest compounded quarterly will earn more interest than an account earning the same interest rate compounded monthly.

Reference no: EM132234853

Questions Cloud

How much should shelley pay for this bond today : Shelley is considering buying a Best Buy bond. It pays $35 coupons semiannually. She only wants to hold the bond for 5 years.
Intrinsic reward-personal satisfaction provided : Intrinsic Reward-personal satisfaction provided
Higher risk premium on its interest rates : Which should have a higher risk premium on its interest rates, a corporate bond with Moody's Baa rating or a corporate bond with a C rating? Why?
Pros and cons of each as you design your survey : What are some of the pros and cons of each as you design your survey?
What was the interest rate on the account : Katie has a balance of $239.56. She deposits a check for $23.89 and a check for $89.06. Then Katie makes a withdrawal from the ATM for $150.00.
Additional recommendations for starbucks management : Offer two additional recommendations for Starbucks management – one product-based and one promotional.
How much will you have when you retire in 43 ?years : How much will you have if you wait 10 years before beginning to save and only make 33 payments into your retirement? account?
Discuss entry strategies in light of political and legal : As a firm expands globally, many factors affect that expansion. Discuss entry strategies in light of political, legal, cultural and economic make-up of Russia
What is a largest surplus cash amount : What is a largest surplus cash amount? How could you find it out?

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the variance in the expected rate of return

What is the variance in the expected rate of return of Emmons Corporation?

  Compute the net present value of the mold

The mold adds $100,000 to the firm's debt capacity in years 1 and 2, $50,000 in years 3 and 4, and zero in year 5. If Emruss has a borrowing rate of 6 percent and a tax rate of 50 percent, and will use its tax shields with certainty, what is the N..

  which suffers the least percentage price decline

Which bond suffers the greatest percentage price decline? Why? Which suffers the least percentage price decline? Why?

  Compute the intrinsic value and the time value of option

A put option on Snapple Beverage has an exercise price of $30. The current stock price of Snapple Beverage is $34.25. The put option price is $7.75.

  What is the yield on a 20 year t-bond

The applicable MRP is 2% for a 20 year bond. What is the yield on a 20 year T-bond (which is default free and trades in a very active market?

  Consuelo vanderbilt balsan

"Before there was Paris Hilton, there was Consuelo Vanderbilt Balsan - a Gilded Age heiress and socialite, re-nowned for her beauty and wealth. Now Ms. Balsan's onetime Hamptons home is slated to hit the market priced at $28 million with Tim Davis..

  Compute the present value of an annuity

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum.

  What was the fund turnover

A mutual fund sold $36 million of assets during the year and purchased $32 million in assets. If the average daily assets of the fund were $96 million, what was the fund turnover?

  Find example most current year in each of funds were used

discuss when the government and nonprofit organizations would use each of the following funds:- Capital projects fund and Debt service fund

  What was the prospective stock price after the issue how

in 1998 the pandora box company made a rights issue at 5 a share of one new share for every four shares held. before

  Explain the use of direct write-off method

In an effort to boost sales in the current year, Roy's Gym has implemented a new program where members do not have to pay for their annual membership.

  A bank''s assets consist

A bank's assets consist of: Cash: $1.5 million Loans: $10 million Securities: $4.5 million

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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