What the amount of money that anzani will have available

Assignment Help Financial Accounting
Reference no: EM132621016

On 5 April Anzani invested R75 000 in an account paying 8,37% interest per year, compounded monthly. Interest is credited on the 1st of every month. Anzani wants to open a Wheel and Tyre shop in Pretoria CBD. She will move into her new premises on 21 November of the same year.

Problem 1: If simple interest is used for odd period calculations and compound interest for the full term, then the amount of money that Anzani will have available in the account on 21 November is

Option [1] R79 020,96.

Option [2] R79 002,95.

Option [3] R79 018,82.

Option [4] R78 195,04.

Option [5] R78 955,68.

Reference no: EM132621016

Questions Cloud

Describe any additional training : Discuss your communication gaps. Describe any additional training you need in specific areas of communication.
Define hemostasis and explain the processes involved : Define hemostasis and explain the processes involved. What are the three phases of hemostasis?
What anzani will receive : If fractional compounding is used for the full term then Anzani will receive? On 5 April Anzani invested R75 000 in an account paying 8,37% interest per year
Explain the physiology of finger pulse amplitude : Please explain the physiology of finger pulse amplitude before and after exercise with mean pulse amplitude being 102 at rest and 53 at 10 seconds post exercise
What the amount of money that anzani will have available : Calculations and compound interest for the full term, then the amount of money that Anzani will have available in the account on 21 November is
Calculate the total interest for a short term notes payable : Calculate the total interest for a short term notes payable. Libby secured a three-month loan at an interest rate of 4.5% and borrowed $25,000 to purchase truck
How is the production of wbc stimulated and controlled : List the classes, structural characteristics and functions of white blood cells. What is emigration (diapedisis)? Phagocytosis?
Kirkpatrick framework of evaluation : Describe the 4 levels of evaluation that make up Kirkpatrick's framework of evaluation.
Describe what a control setup is : Describe what a control setup is. What is it purpose? Name the three groups/setups (one control and two experimental) involved in this test?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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