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
olga_2 [115]
2 years ago
14

If you borrow $1500 with a compounding interest rate of 8% for 2 years, that compounds semi-annually. How much will you pay back

in total at the end of 2 years
Business
1 answer:
mestny [16]2 years ago
4 0

Answer:

1740

Explanation:

1500(1+\frac{8}{100})^2

1500*(\frac{27}{25})^2

= 1749.6

You might be interested in
_____ is a form of financial exchange that involves the use of checks.
dalvyx [7]

Answer:

deposit money

Explanation:

this is because it can not be online but checks are a way of transferring currency and so can not be currency so A deposit money is cancelled out answer

5 0
3 years ago
Read 2 more answers
7) You put 20% down on a home with a purchase price of $250,000. The down payment is thus $50,000, leaving a balance owed of $20
Alexxandr [17]

Answer:

=$11,439.96(Approx)

Explanation:

Consider the following calculations

Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate

200,000=Annuity[1-(1.0391)^-30]/0.0391

200,000=Annuity*17.48257135

Annuity=200,000/17.48257135

=$11,439.96(Approx)

4 0
3 years ago
Matt has $471.60 in his checking account and feels he's doing pretty well financially.Then his car stops running. His mechanic i
galben [10]
<span>Pay the service center with his VISA credit card....</span>
5 0
3 years ago
Knowledge Check 01 On January 1, Year 1, Abbott Company granted 92,000 stock options to certain executives. The options are exer
Westkost [7]

Answer:

$153,333

Explanation:

Calculation to determine What amount should Olympic recognize as compensation expense for 2016

Using this formula

Compensation expense =Total compensation/Vesting period

Let plug in the formula

Compensation expense=($5 x 92,000)/3 years

Compensation expense=$460,000/3 years

Compensation expense=$153,333

Therefore What amount should Olympic recognize as compensation expense for 2016 is $153,333

5 0
2 years ago
A check drawn by a credit union on its account at a federally insured bank would be an example of a:
Ivenika [448]
A check drawn by a credit union on its account at a federally insured bank would be an example of a cashier check. It is a type of check that is being issued by the bank being withdrawn from the own funds of the bank and being signed by the cashier of the bank. These are classified as guaranteed as funds since it is the bank that is held responsible for the payment of the amount. These are usually used in real estate and transactions pertaining to brokerage. This type of check has the name of the bank that issued it in an obvious location and it has improved security features like color shifting ink, security thread and watermarks.
8 0
3 years ago
Other questions:
  • In a formal business document, a works cited list usually appears
    7·1 answer
  • A __________ bond gives the issuer an option to retire the bond before maturity at a specific price after a specific date.
    13·1 answer
  • Steven, who is Wesley's guardian, convinces Wesley to buy a certain parcel of land owned by Steven's brother-in-law at a price g
    11·1 answer
  • Oil Dawg, an oil tanker company, shipped oil to coasts all over the US. During many deliveries, the crew was dumping waste into
    15·1 answer
  • Economic facts in terms of number are known as​
    6·1 answer
  • Jose wants to be sure he maintains a high credit score as he is planning to buy a new car soon. What should be do to ensure his
    13·2 answers
  • Write an essay of at least 150 -words based on reading the following regulation policy. In your essay, you should:
    13·2 answers
  • Microsoft is an example of a company using a(n) _____ strategy. The company produces the majority of its work in its U.S. headqu
    7·1 answer
  • The united states helped mexico’s economy during world war ii by ordering raw materials and offering workers jobs. buying the ri
    14·1 answer
  • The use of insurance credit scoring is more common with the sale of homeowner's insurance coverage than it is with automobile in
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!