1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nydimaria [60]
1 year ago
15

The simple interest rate is 7% per year. if james deposits 10,000 at the end of 18 months coursehero

Business
1 answer:
monitta1 year ago
4 0

Deposit (PV): $10,000

Years between the 18th month and the fifth year (n) = 3.5

(I)=7% yearly interest rate

Simple interest approach accumulated value equals P*(1+(i*n)).

=1000*(1+(7%*3.5))

=1245

Thus, the total value at the end of five years will be $1245.

Compound interest method accumulated value equals P*(1+i)n

=1000*(1+7%)^3.5

=1267.19

Therefore, the total value after five years will be $1267.19.

Learn more about simple interest here ;

brainly.com/question/25845758

#SPJ4

You might be interested in
Which of the following choices is not evidence supporting the theory of plate tectonics?
Anna71 [15]

B

in the theory, they do not talk about this cave drawing lket alone caves, so let it be, my answer is B

3 0
3 years ago
You recently sold 100 shares of Microsoft stock to your brother at a family reunion. At the reunion your brother gave you a chec
Hoochie [10]

Answer:

Option E                  

Explanation:

A direct transfer refers to the shift of funds from certain form or section of a tax deferred retirement savings plan to another. Direct payments are not deemed to be statutory dividends, and are therefore not taxed as profits or susceptible to premature payment charges. Now normally this form of transition happens digitally.

In simple terms, cash loans exist when a company sells its shares in return for money specifically to the savers. There is no financial institution involved in this procedure. Small firms typically use direct transfers, so very less money is generated during this phase.

6 0
3 years ago
Type of power based on manager's ability to influence employees with something of value to them.​
frosja888 [35]

Answer:

incentive or reward

Explanation:

incentive pay, time and a half pay for overtime are examples

4 0
2 years ago
"A floor broker enters the crowd around the Specialist's (DMM's) post to buy 20,000 shares of ABC at the market for a public cus
erica [24]

Answer: the Specialist/DMM has therefore guaranteed $25 to the trader.

Explanation:

A floor broker is simply referred to as an exchange independent member who acts as a broker for members who are being overloaded with orders

A floor broker enters the crowd around the Specialist's (DMM's) post to buy 20,000 shares of ABC at the market for a public customer. The Specialist (DMM) tells the trader "20,000 shares of ABC have been stopped at 25." This means that the Specialist/DMM has therefore guaranteed $25 to the trader

7 0
3 years ago
Your friend wants to open a clothing shop. A necessary capital resource is a (5 points)
vivado [14]
A place to open the shop because a capital resource is a good that is used to make other goods. 
8 0
3 years ago
Read 2 more answers
Other questions:
  • Edna Boyle contracts with The Melonville Times to advertise her garage sale to be held this Saturday. The ad is to run in the Fr
    11·1 answer
  • Which of the following resources is most helpful to learn more about careers?
    5·2 answers
  • List three things you can do to improve job satisfaction
    13·2 answers
  • When each person specializes in producing the good in which he or she has a comparative advantage, total production in the econo
    10·1 answer
  • New Business Ventures, Inc., has an outstanding perpetual bond with a coupon rate of 11 percent that can be called in one year.
    14·1 answer
  • Jeremy is working on a spreadsheet. Which part of the information processing cycle will justify Jeremy's use of the spreadsheet
    13·1 answer
  • Presented below is information related to Bobby Engram Company.
    14·1 answer
  • Jim is a lawyer who requires that his clients pay him in advance of legal services rendered. Jim routinely credits Legal Service
    12·1 answer
  • Pina Company began operations on January 2, 2019. It employs 10 individuals who work 8-hour days and are paid hourly. Each emplo
    15·1 answer
  • Summarize your results of the personality assessment and how you think these elements might help or hinder you as a leader.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!