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3 years ago

If $3000 is invested at 7% for 6 months, how much simple interest is earned?

2 answers:

3 0

First, you have to do $3000 times .07 (decimal form of 7%). That equals Assuming that the interest is 7% each month, your interest would be $210 a month. Then you would times that by 6 months. That would be $1260.

Slav-nsk [51]3 years ago

3 0

I don't agree with the other answer here. 7% is the amount of interest that can be earned each year, not each month. So, since you would earn $210 over the course of a year, you would earn $105 over six months.

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Consider a portfolio of stocks X, Y, Z whose returns in various economic conditions are set forth below.

jeka57 [31]

Answer:

The expected return is 10.95%

Explanation:

CALCULATE THE EXPECTED RETURN OF X

State _____Probability __X_____Expected return

Boom ____ 0.25 ______22% ___5.50%

Normal ___ 0.60 ______15% ___ 9.00%

Recession _0.15 _______5% ___ 0.75%

Total ______________________15.25%

CALCULATE THE EXPECTED RETURN OF Y

State _____Probability __Y_____Expected return

Boom ____ 0.25 ______10% ___ 2.50%

Normal ___ 0.60 ______9% ____5.40%

Recession _0.15 _______8% ___ 1.20%

Total ______________________9.10%

Now calculate the weighted average return based on investment in each portfolio

Expected return = ( Expected return of Assets X x Weight of Asset X ) + ( Expected return of Assets Y x Weight of Asset Y )

Expected return = ( 15.25% x $3000/$10000 ) + ( 9.10% x $7000/$10000 )

Expected return = 4.575% + 6.370%

Expected return = 10.945%

Expected return = 10.95%

5 0

3 years ago

Suppose that an economy consists of only two individuals. Trevor has $1070 available to spend on goods. He decides to purchase $

castortr0y [4]

Answer:

The question option are:

1. For the current quarter what is the economy's income?

2. For the current quarter, what is the economy's expenditure?

3. In an economy, how are income and expenditure related?

1. The economy's income for the current year is $450 because there is only one transaction that take place in the year worth of $450

2. The economy's expenditure of the current year is $450 because each transaction has two side. One is the Income, the other is Expenditure. The income is converted to expenditure.

3. In an economy, income and expenditure are related and they are equal. Each transaction has two side. One is the Income, the other is Expenditure. The income is converted to expenditure.

4 0

3 years ago

midshipmen Company borrows $17,500 from Falcon Company on July 1, 2021. Midshipmen repays the amount borrowed and pays interest

irina [24]

Answer:

Debit Credit

July 2021

Cash 17,500

Loan payable 17,500

June 30, 2022

Loan Payable 17,500

Interest payable 2,100

Cash 19,600

Adjusting Entry's

Debit Credit

Interest expense 1050

Interest Payable 1050

Explanation:

Interest for the year = 0.12*17500=2100

Interest expense 2021= 6/12*2100= 1050

6 0

2 years ago

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Your boss has asked you to email a client to let her know that the company will be late in delivering a report she’s requested.

Vika [28.1K]

Generally, it is important to be upfront, express regret that the company can't meet the deadline, and tell the customer how the problem will be fixed.

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3 years ago

What disadvantage a They would be ineligible to receive b. They would receive only a partal benefit for as long as they collect

ArbitrLikvidat [17]

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3 years ago