How much interest do you earn on a deposit

Assignment Help Financial Management

Reference no: EM131233941

1. If the bank quotes interest of 12% per annum, and there are 52.15 weeks, how much interest do you earn on a deposit of $100,000 over 1 year?

2. If the bank quotes an interest rate of 6% per annum, what does a deposit of $100 in the bank come to after 1 year?

3. If the bank quotes a loan APR rate of 8% per annum, compounded monthly, and there are no fees, what do you have to pay back in 1 year if you borrow $100 from the bank?

Reference no: EM131233941

Questions Cloud

Determine the power required to drive the compressor : Local ambient conditions are 100 kPa, 20?C. Using an isentropic compressor efficiency of 80%, determine the power required to drive the compressor and the rate of heat rejection in the after cooler.

New generation of management wants : Masbet Corporation has been a family owned company. While they are celebrating their 50th Anniversary the new generation of management wants to make some changes in the way communication flows.

When is it appropriate to apply the z-test for proportions : When is it appropriate to apply the z-test as the inferential technique and why? When is it appropriate to apply the t-test as the inferential technique and why? When is it appropriate to apply the z-test for proportions?

What are some of the current trends organizations face : What are some of the current trends organizations face with mobile computing security and what are some of the remediation steps companies take to ensure data confidentiality and integrity?

How much interest do you earn on a deposit : If the bank quotes interest of 12% per annum, and there are 52.15 weeks,- how much interest do you earn on a deposit of $100,000 over 1 year?

Six sigma practitioners use failure modes-effective analysis : Given X¯ and R values for 25 samples of size n = 4. Set up the X¯ and R charts on this process. Interpret the charts. Does the process seem to be in control? If necessary, assume assignable causes and revise the trial control limits. If the average f..

What is the bonds price today : A bond promises to pay $150 in 12 months. The annual true interest rate is 5% per annum.- What is the bond's price today?

Find the flow rate of water and the total rate of entropy : Carbon dioxide flows through a device, entering at 300 K, 200 kPa and leaving at 500 K. The process is steady state polytropic with n = 3.8, and heat transfer comes from a 600 K source. Find the specific work, specific heat transfer, and specific ..

Calculate the cost of quality according to the pmbok guide : Create the Quality Process Improvement Tools and Techniques section. ?Identify which process improvement tool or technique you will included in your overall project plan. Explain in detail how this will be implemented and what benefits or improveme..

User Account

All Pages