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
For higher levels of management, responsibility accounting reports a.contain about the same level of detail as reports for lower
ss7ja [257]

Answer:

d. are more summarized than for lower levels of management

Explanation:

This report is generally explained to be a rundown of a company's budget and also expenditure and it is comprised also of different operations by higher levels of the company's management. In as much as it gives reports and details of the lower part of the company, it is generally explained to be more summarized for higher management levels than for lower levels of management. In its bid to assist and control the company's head or responsibility units, it gives headway to staff care/welfare and also steady overview of benefits to staffs.

5 0
3 years ago
How long will it take an investment of $5,000 to grow to $7,500 if it earns simple interest of 10% per year?
Mariana [72]
5.69
What he said, I have to answer just to ask some, hope he correct
7 0
3 years ago
Apple, known for creativity and innovation, keeps its new innovations consistent with previous product lines to maintain long-te
Mamont248 [21]

Answer: Relational

Explanation: Relational orientation is a term in marketing where a marketer or producer identify the need of its customers or consumers and make available products that will meet their need and help to build a good relationship with the consumers or customer. This term is used by most multinationals like Apple etc to build brand loyalty and maintain a good market share.

3 0
3 years ago
Dr. Bernanke argued two problems contributing to the financial crisis included:________.
nydimaria [60]

Answer:

D. banks reliance on long term funding; and increased use of non-standard mortgages such as fixed rate, 30- year mortgages.

Explanation:

Dr. Bernanke argued that financial crisis is due to the banks involving in non standard mortgages which are fixed rate mortgages but they are not regulated. The bank provides loans and mortgages to people based on the standard regulations which need to be followed. They financial crisis took place when the mortgages were provided on non standard terms.

4 0
3 years ago
How does Truth In Lending protect consumers when shopping for a loan?
Ainat [17]
<span>How does Truth In Lending protect consumers when shopping for a loan</span>
3 0
3 years ago
Read 2 more answers
Other questions:
  • What to do if you lose your planet fitness card?
    6·1 answer
  • Mellow Co. depreciates a $12,000 asset over five years, using the straight-line method with no salvage value. At the beginning o
    7·1 answer
  • How did the minimum wage change in october 1996? what other change occurred in september 1997?
    9·1 answer
  • Alpha Division had the following information: Average operating asset base in Alpha Division $500,000 Operating income in Alpha
    7·1 answer
  • Juan is speaking at a senior center about the advantages of buying items online. Knowing that many of his listeners no longer dr
    6·1 answer
  • Where are goods and services sold to consumers?
    7·1 answer
  • How does PESTLE help your strategic development team?
    5·1 answer
  • Explain what would happen if there was safety issue of renting the apartments
    8·1 answer
  • Item1 1 points eBookAskReferencesItem 1 TB MC Qu. 06-91 The following information... The following information is taken from Rea
    8·1 answer
  • Challenges of internship simulation workshop
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!