Explain how much interest on interest was earned

Assignment Help Business Economics
Reference no: EM1352341

Q. Five years ago, $1,200 was deposited into a savings account paying 4.5 percent interest. Today, the balance in the account is $1,495. If interest paid on the account was compounded annually, how much interest on interest was earned?

Q. You are thinking of buying a 10,000$ bond paying 6% semi-annually. The bond will mature in 7 years. If you would like to make 8% return on your investment, what is the amount you would be willing to pay for this bond?

Reference no: EM1352341

Questions Cloud

Determine the dol and dfl : Venture Corporation manufactures and sells headphones to airline and other passenger transportation companies. Each headphone sells for $5.50, and year sales are expected to be 1,750,000 units.
Passive eavesdropper observes single execution of protocol : Show that a passive eavesdropper that observes a single execution of the protocol can recover key s and impersonate the tag.
Methodolgy associated with cross-cultural psychology : What is the methodolgy associated with cross-cultural psychology?
How much time is required : In an effort to stay awake for an all-night study session, a student makes a cup of coffee by first placing a 200 W electric immersion heater in 0.320kg of water.
Explain how much interest on interest was earned : If interest paid on the account was compounded annually, explain how much interest on interest was earned.
Common share capital account and retained earnings account : Matrix Enterprises is planning offering both a stock dividend and a cash dividend in the upcoming year. The most recent balance sheet for Matrix is given below.
Define and compare alimony versus child support from a tax : Define and compare alimony versus child support from a tax perspective and A tax client who owns a business wishes to either purchase or lease a new Lexus
Reinforcing and shaping employee behavior : Describe what is meant by reinforcement and discuss strategies available to managers to shape employee behavior.
Write sql queries for the books database : Write SQL queries for the books database that perform each of the following tasks: Select all authors from the Authors table with the columns in the order lastName, firstName and authorID.

Reviews

Write a Review

Business Economics Questions & Answers

  Monetary history of the united states

A Monetary History of the United States, 1867-1960 uncovered the empirical reality that money is pro-cyclical and leading, the classical economists went to the drawing board.

  Facility for a production plant

A facility for a production plant can be purchased for 155,000 with a down payment of 25,000.

  Explain how does this complicate the agency problem

Can goals like avoiding unethical or illegal behavior be in conflict with the goal of the firm. Explain how does this complicate the agency problem.

  Elucidate implicit costs and the business profit

A woman managing a photocopy establishment for $25,000.00 per year decides to open her own duplicating place.

  Illustrate what are the factors which involve demand

Illustrate what are the factors which involve the provide also demand of which good or service. How do you expect the demand also provide of which good or service to change in the next yr.

  What happens to total revenue

What happens to total revenue if the price of sugar rises from $3 to $7 per kilogram.

  Consider the causes of the deficits also surpluses

Consider the causes of the deficits also surpluses also provide your own insight as to whether these surpluses or deficits have a "positive" or "negative" effect on our economy.

  The variable cost for every additional student

The college has annual fixed costs of $10 million, also the variable cost for every additional student is $5,000.

  Number of jobs increase or decrease

Compute the new equilibrium wage and the new number of jobs. Will the number of jobs increase or decrease.

  Piece of commercial real estate

Then you inherited a piece of commercial real estate bringing in $12,000 in rent annually.

  What evidence does gi present to support the view

Illustrate what evidence does GI present to support the view that Canada had entered a recession

  Tax be the most efficient

If a tax were to be imposed on one of these items, for which item would the tax be the most efficient.

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!

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