What is the annual interest rate on your account

Assignment Help Accounting Basics
Reference no: EM133129407

Question - You have deposited some amount in a bank account paying a daily interest rate of 0.021%. What is the annual interest rate on your account?

a. 7.695%

b. 7.685%

c. 7.966%

d. 7.665%

Reference no: EM133129407

Questions Cloud

Journalize the listed transactions for the years : The number of bonds owned has not changed from December 31, 2022, to December 31, 2024. Journalize the listed transactions for the years
Example of a dramatic play center : An example of a dramatic play center and describe what items would we see as props in this learning center?
Calculate the percentage increase in us population : Calculate the percentage increase in U.S. population from year 2010 to 2018. Make Us population 2018 sheet active and use the estimated 2018 US population
Explain the characteristics of big data : Critically evaluate, select and employ appropriate tools and technologies for the development of big data applications - Explain the concept of Big Data
What is the annual interest rate on your account : You have deposited some amount in a bank account paying a daily interest rate of 0.021%. What is the annual interest rate on your account
Current state of the us labor market : What do these indicators tell us about the current state of the U.S. labor market. Identify both strengths and weaknesses.
Gathered political and economic data : Rank the appropriateness of introducing your selected product into the three markets from "most appropriate" to I'least appropriate" using the gathered politica
What is geometric return : Question - The following are the returns of company A for five years: What is geometric return
Explain the role of different sectors : 1. Explain the role of different sectors in the circular flow of income. 2. What is the difference between the term injection and a leakage? Explain

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the difference in the amount of income

Determine the difference in the amount of income that the company would have reported if it had used the FIFO method instead of the LIFO method.

  What are the five typical factors that lender will consider

What are the five typical factors that a lender will consider when evaluating a credit application? List and describe these five factors.

  The orgonne milling company is contemplating purchase of

the orgonne milling company is contemplating purchase of new equipment. the machinery is expected to generate increased

  Zimmer company reported the following information for 2011

zimmer company reported the following information for 2011 october november december budgeted sales 230000 220000

  Question regarding monthly compounding

How much would you have to invest today at 12% annual interest, compounded monthly, in order to end up with $1,000 in your investment account at the end of 12 months?

  Prepare journal entry gold examiner would record on march

On March 1, 2021, Gold Examiner receives $154,000. Prepare the journal entry Gold Examiner would record on March 1, March 30 and April 1.

  Prepare multiple-step income statement in good form

Prepare multiple-step income statement in good form for Sunland Corporation (earnings per share information is not required).

  What should be the estimated warranty liability

After preparing the adjusting entries at the end of its fiscal year end on December 31, 2021, what should be the "Estimated Warranty Liability" account balance

  Research current authoritative periodical literature law

You must research current authoritative periodical literature law review articles and court cases, and obtain sufficient competent information to substantiate your conclusions.

  How the net income for these five years was distributed

Prepare schedules showing how the net income for these five years was distributed to the two classes of stock if in each of the years the entire current.

  What is the effective interest rate

A man has a simple discount note at $6,200 at an ordinary discount bank rate of 8.48% for 40 days; what is the effective interest rate

  Fred carson delivers parts for several local auto parts

fred carson delivers parts for several local auto parts stores. he charges clients 0.75 per mile driven. fred has

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