What rate of simple interest was her deposit earning

Assignment Help Financial Management

Reference no: EM13878584

Petra has forgotten the rate of simple interest she earned on a 120-day term deposit at Scotiabank. At the end of the 120 days, she received interest of $327.85 on her $20,000 deposit. What rate of simple interest was her deposit earning?

Reference no: EM13878584

Questions Cloud

What is your estimate of the stocks current price : A company currently pays a dividend of $4 per share (D0 = $4). It is estimated that the company's dividend will grow at a rate of 17% per year for the next 2 years, and then at a constant rate of 7% thereafter. The company's stock has a beta of 1.35,..

What is the amount of applied overhead : Vasher Company planned to produce 60,000 units during 2008. Vasher allocates overhead based on units produced. At that level of production, which was used to assign the overhead to each unit, overhead costs were expected to be $210,000. Fixed costs m..

Manufacturing overhead : Terracotta, Inc., provides you with the following data for their single product:

Which type of accounting information system : Which type of accounting information system reports would likely be prepared most frequently by financial accountants? By managerial accountants?

What rate of simple interest was her deposit earning : Petra has forgotten the rate of simple interest she earned on a 120-day term deposit at Scotiabank. At the end of the 120 days, she received interest of $327.85 on her $20,000 deposit. What rate of simple interest was her deposit earning?

The following reports would be categorized as trading : Identify whether the following reports would be categorized as trading partner documents, internal documents, internal reports, or external reports:

Deployment specialists pays current dividend : Deployment Specialists pays a current (annual) dividend of $1 and is expected to grow at 20% for two years and then at 4% thereafter. If the required return for Deployment Specialists is 8.5%, what is the intrinsic value of Deployment Specialists sto..

What is ratio of market value of equity to its book value : A firm has current assets that could be sold for their book value of $14 million. The book value of its fixed assets is $52 million, but they could be sold for $82 million today. The firm has total debt with a book value of $32 million, but interest ..

What are the advantages cole han likely realized : What are the advantages Cole Han likely realized as a result of having real time data available?

User Account

All Pages