4 years ago

Where do most banks get the text to explain their calculations of interest?

Business

1 answer:

ki77a [65]4 years ago

8 0

They use calculators I think

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Differentiate the difference between source Documents and Financial Documents?

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3 years ago

Todd and his brother Robert are going to use 512 square feet of their backyard for skateboard ramps. The shape of the backyard i

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Greger Peterson is a senior manager at a public accounting firm making a base salary of $180,000 a year ($15,000 per month). Emp

evablogger [386]

Answer: The social security tax will be withheld through September.

Explanation:

Social Security maximum base amount = $128,400

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Medicare Tax = no maximum

Base salary = $180,000

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Medicare Tax = 0.0145 × $180,000 = $2,610

Social security tax to be withheld = $7,960.80

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4 years ago

You paid $9,700 for a $10,000 par value Treasury bill maturing in 3 months. What is the holding-period return if you hold the tr

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Answer:

The holding-period return if the treasury bill is held until maturity is:

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a) Data and Calculations:

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Holding-period return = $300

Maturity period of the bill = 3 months

b) The holding-period return, otherwise called the yield, is the total return earned on the Treasury bill investment during the 3 months that it is held. The holding period is the 3-months time the Treasury bill is held by an investor, which corresponds to the period between the purchase date and sale date of the Treasury bill.

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