What is the simple interest rate

Assignment Help Finance Basics
Reference no: EM132502576

What is the simple interest rate on a $2050 investment paying $894.83 interest in 9.7 years?

Reference no: EM132502576

Questions Cloud

What amount of sales is needed to produce : Assume Hudson Co. has a target pretax income of $154,000 for 2018. What amount of sales (in dollars) is needed to produce this target income?
How much interest will you earn in 4 years : You deposit $1660 in a savings account paying 1.8% simple interest. How much interest will you earn in 4 years?
Compute hudson co break-even point in units : Compute Hudson Co.'s break-even point in sales dollars. Compute Hudson Co.'s break-even point in units. Hudson Co. reports the contribution margin income
Professional standards in own career and professional future : What new knowledge have you gained in response to this exercise? And what does this information mean - These new insights may lead to a change of thinking
What is the simple interest rate : What is the simple interest rate on a $2050 investment paying $894.83 interest in 9.7 years?
How can we create a company mission and company goals : How can we create a company mission and company goals to outwardly express and reinforce our commitment to diversity and inclusion? What might our mission.
Compute the company contribution margin per unit : Compute the company's contribution margin per unit. Compute the company's contribution break-even point in units.Compute the company's contribution margin ratio
Simple interest in order to earn : How much should you invest at 3.8% simple interest in order to earn $80 interest in 11 months?
Importance of ethical and professional standards : Effectively communicate and demonstrate understanding of the importance of ethical and professional standards in own career and professional future.

Reviews

Write a Review

Finance Basics Questions & Answers

  Current interest rates on two-year and three-year securities

Using only the pure expectations theory, what are the current interest rates on two-year and three-year securities?

  Monthly payment plan

Redo the payments based on quarterly payments (four per year) and monthly payments (twelve per year). Compare the annual cash outflows of the two payments. Why does the monthly payment plan have less total cash outflow each year?

  What is likely to be the effect on the current exchange rate

The current exchange rate is $2/£. The annual interest rate on 60-day US- dollar denominated bonds is 5% and the annual interest rate on 60-day pound.

  What does irb stand for and what is its purpose

Is it acceptable for researchers to justify the use of human participants in a study simply by saying that they are curious about what might happen? Why or why not?

  Assignment on multinational corporation expansion

Imagine that you are a senior business manager for a U.S.-based multinational company. You have been informed by your supervisor that your Company needs to consider expanding into a new international market to seek new opportunities.To get started..

  What is the best estimate of the stock current market value

The required return on this low-risk stock is 9.00%. What is the best estimate of the stock's current market value?

  How much of the dividends go to the common stockholders

Winston Corporation has 9,000 shares of 4%, $10 par cumulative preferred stock and 47,000 shares of common stock outstanding.

  What is the present value of the annuity

The interest rate is 9 percent compounded monthly for the first six years, and 7 percent compounded monthly thereafter.

  Invest a single amoun

You invest a single amount of $10,000 for 5 years at 10 percent. At the end of 5 years you take the proceeds and invest them for 12 years at 15 percent. How much will you have after 17 years?

  What is project npv in the best-case scenario

1. What is project NPV in the best-case scenario, that is, assuming all variables take on the best possible value?

  Why can theories not be proved or disproved by research

Given that proof and disproof are impossible in science, how does scientific knowledge advance?

  What is the firm wacc

Assume that you are an intern with the Brayton Company, and you have collected the following data: The yield on the company's outstanding bonds is 7.75%.

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