What is the settlement amount

Reference no: EM13932775

1. What is the accumulated value after 5 years of $4,000 set aside today if the money is placed in an account which pays 7% p.a. interest compounding annually?

2. Peter made a credit card purchase of $11,000 today. His bank charges an interest rate of 12.6% p.a., with interest accruing monthly. Assume he does not make any further purchases on his credit card and no intermittent payments. How much will he have to repay after 1 year?

3. How much will Kelly have after 4 years if she saves $2,500 in a term deposit which pays 4.4% p.a. interest compounding semi-annually?

4. Your company offers debtors 60 days interest free to settle their accounts. After, interest is charged monthly on balances owing at a rate of 9% p.a. Little Co. made a purchase of $20,000 from your company. What is the settlement amount after 8 months?

Reference no: EM13932775

Questions Cloud

Strategies for increasing self-esteem : From the e-Activity and textbook, choose two (2) of the six (6) strategies for increasing self-esteem as described in the textbook. Next, describe one (1) situation in which you used the two (2) strategies that you chose and determine if the two (..

Statements concerning net gifts are correct : All the following statements concerning “net gifts” are correct EXCEPT:

What is the test statistic and what are the critical values : What is the test statistic? What are the critical values? What is the P-value? What is the conclusion? Can a hypothesis test be used to "prove" that the rate of green-flowered peas is 25%, as claimed?

Statements concerning the tax implications of gift : All the following statements concerning the tax implications of a gift made to a person who dies within one year of receipt of the gift are correct EXCEPT:

What is the settlement amount : Your company offers debtors 60 days interest free to settle their accounts. After, interest is charged monthly on balances owing at a rate of 9% p.a. Little Co. made a purchase of $20,000 from your company. What is the settlement amount after 8 mo..

Explain the dimensions of conceptualizing these disorders : Explain the 2 dimensions of conceptualizing these disorders. Using additional resources (2 minimum, but not Wikipedia or WebMD), support or refute the premise that the numbers of children with SEDs is signficant

Financial performance and financial position : Analyse and discuss its financial performance and financial position in that context. Your analysis will be supported by appropriate and relevant ratio calculations and explanatory comments. Trends should be identified and analysed.

Property in the gross estate of the donor-decedent : Which of the following rights retained by a donor who gifts property during his or her lifetime will result in the inclusion of such property in the gross estate of the donor-decedent?

Identify significant differences between UGMA and UTMA : Which of the following statements correctly identify (ies) significant differences between UGMA and UTMA?

User Account

All Pages