User Account

All Pages

Which bank pays a higher apy

Assignment Help Accounting Basics
Reference no: EM13972300

1. The Flagstar bank is Michigan offered a 5 year certificate of deposit (CD) at 4.38% interest compounded quarterly.* On the same day on the Internet, Principle Bank offered a 5 year CD at 4.37% interest compounded monthly. Find the APY (effective rate) for each CD. Which bank pays a higher APY? 

Reference no: EM13972300

Questions Cloud

Why do businesses operate internationally : Why do businesses operate internationally, and what different types of businesses tend to operate in the international environment? Why are the techniques and strategies available to these firms different?
If it continues to increase at this rate indefinitely : If it continues to increase at this rate indefinitely, find the number of years before the electric utilities will need to double their generating capacity.
If money can be invested at compounded annually : As the prize in a contest, you are offered $1,000 now or $1210 in 5 years. If money can be invested at 6% compounded annually, which is larger?
What is the payback period for colby : What is the payback period for Colby? Round your answer to two decimal places. What is the payback period for Kylie. How much did Carsen invest in the project? How much cash does Rahn receive each year
Which bank pays a higher apy : The Flagstar bank is Michigan offered a 5 year certificate of deposit (CD) at 4.38% interest compounded quarterly.* On the same day on the Internet, Principle Bank offered a 5 year CD at 4.37% interest compounded monthly. Find the APY (effective rate..
Find the present value of the following future amounts : Find the present value of the following future amounts: If money can be invested at 6% compounded annually, which is larger, $10,000 now or $15,000 in 6 years? Use present value to decide.
Find the compound amount of is invested at compounded : Find the compound amount of $25,000 is invested at 6% compounded continuously for the following number of years.
Find the interest rate that makes the statement true : Find the interest rate (with annual compounding) that makes the statement true (rounded to the nearest dollar) $8,500 grows to $12,161 in 7 years.
Find the amount of interest earned : Find the amount of interest earned by each of the following deposits: $27,630.35 at 4.4% compounded quarterly for 3.7 years.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Lorge company bottles and distributes livit a diet soft

lorge company bottles and distributes livit a diet soft drink. the beverage is sold for 50 cents per 16-ounce bottle

  Cash records of arora company

The June 30 bank reconciliation also reported outstanding checks of $940. During the month of July, Arora Company books show that $17,500 of checks were issued, yet the bank statement showed that $16,400 of checks cleared the bank in July.

  On february 11 2011 wilmar corporation borrowed 100000 from

on february 11 2011 wilmar corporation borrowed 100000 from its bank by signing a 12 percent 15-year note payable. the

  Freeflight airlines is presently operating at 70 percent of

freeflight airlines is presently operating at 70 percent of capacity. management of the airline is considering dropping

  Financial statements is divided into major categories

Notes to the financial statements include which of the following:A.An independent auditors reportB.Explanations of uncertainties.C.Short-form Income StatementD.Subsidiary ledger for Accounts Receivable

  What is their taxable income

1.Lisa and Luis, ages 43 and 38, are married and file a joint return. In addition to having FOUR dependent children (Yandra, Kayanna, Niosha and Lisbec), Lisa and Luis have adjusted gross income ("AGI") of $90,000 and itemized deductions of $2..

  What is the amount of leslie gross estate for federal tax

Leslie died on October 31, 2011. Prior to 2009, Leslie had never made any gifts, but in 2010 she made some transfers. Specifically, on January 10, 2010, Leslie gave her vacation beach house to her five children as tenants in common.

  What risks to dwight of revising income statement to meet

What are the risks to Dwight of revising the income statement to meet the target figure? What are the risks to Dwight of not revising the income statement to meet the target figure?

  Identify and describe the first generation of erp systems

Identify and describe the first generation of ERP systems used in the 1970, and the second generation of ERP systems used in the 1980.

  What is a sales discount

What is a sales discount? Use 1/10, n/30 in your explanation.

  Assume you are responsible for sales tax issues for an

in 2010 colorado became the first state to require nondomiciliary businesses without sales tax nexus to report all the

  Assess the initiatives methods and ways the hr department

assess the initiatives methods and ways the hr department can address employee well-being to determine at least three

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