How much interest will be earned

Assignment Help Other Engineering

Reference no: EM131781875

Question: $10,000 is invested for 6 years at an annual simple interest rate of 16%.

(a) How much interest will be earned?

(b) What is the future value of the investment at the end of the 6 years?

Reference no: EM131781875

Questions Cloud

What journal entry should green record : Green Co. constructed a machine at a total cost of $70 million. Ignoring income taxes what journal entry(s) should Green record relating to the machine for 2011

About the virtual organisation : About the Virtual Organisation. How web applications are used to manage and monitor supply chain in your organisation.

Focuses on one female patient from your current practicum : Reflect on your Practicum Experience and select a female patient whom you have examined with the support and guidance of your Preceptor.

Discuss the comprehensive annual financial report : The county is preparing its financial statements for the comprehensive annual financial report and you have been given the following statement review

How much interest will be earned : $10,000 is invested for 6 years at an annual simple interest rate of 16%. How much interest will be earned?

Expected one-day return on your ipo investments : Suppose you expect to receive 70 shares when the IPO is very successful, 200 shares when it is successful, and 1,025 shares when it fails.

Determine amount of the amortization or depletion expense : Determine the amount of the amortization or depletion expense for the current year for each of the foregoing items

The remaining two sources can come from the csu online : The company you work for has decided to make a major purchase. The remaining two sources can come from the CSU Online.

Journalize the transactions and the adjusting entries : Jan. 9. Purchased a used delivery truck for $32,000, paying cash. Instructions - Journalize the transactions and the adjusting entries

User Account

All Pages