Calculate answers to the following scenarios: a. To what amount will an $800 deposit grow, assuming an APR of 9 percent paid annually, 5 years, and simple interest? b. To what amount will a $500 deposit grow, assuming an APR of 10 percent paid semiannually, three years, and simple interest?
a. $1,160 [($800 x 0.09 x 5 ) + $800]
b. $650 [($500 x 0.05 x 6 ) + $500]
Business
You might also like to view...
Once good processes are established, you do not need to change them.
Answer the following statement true (T) or false (F)
Business
What do the BRIC countries have in common?
a. Government models b. Economic models c. Resource-based economies d. A label
Business
_____ is an expert system used for monitoring what consumers are saying in blogs, comment sections, message boards, and Web-based articles
A) ASIMO B) SHINE C) COGITO D) DENDRAL
Business
Data gathered from a structured interview is generally easier to analyze than data collected from an unstructured interview
Indicate whether the statement is true or false
Business