This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: You inherited 1,000 from your grandparents and place this amount in your savings account. If your ... (Read 122 times)

imanialler

  • Hero Member
  • *****
  • Posts: 539
on: Jun 24, 2018
You inherited 1,000 from your grandparents and place this amount in your savings account. If your bank pays 6 compounded quarterly, how much interest will you earn one year from now? Round to the nearest cent after each calculation.

Question 2

The date of a note is July 18 and interest is due on September 6. How many days is it from the initial date of the note to the day the interest is due?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

briezy

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 24, 2018
Answer to Question 1

61.37;
6  4 = 1.5; 1,000  0.015 = 15; 1,015  0.015 = 15.23; 1,030.23  0.015 = 15.45; 1,045.68  0.015 = 15.69; Add the interest for a total amount of 61.37.

Answer to Question 2

50 days;
July has 13 more days, August has 31, and September has 6 days.


imanialler

  • Member
  • Posts: 539
Reply 2 on: Jun 24, 2018
:D TYSM

isabelt_18

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives
Find the final amount if the initial amount is 400 units. Find the final amount if the initial amount is 400 units.
Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ... Each year, the leaders of the world’s eight most powerful nations meet in a secluded place to make ...
Cross-arm stretch with head in forward flexion. With your arms crossed, place one hand on each ... Cross-arm stretch with head in forward flexion. With your arms crossed, place one hand on each ...
Broadening effleurage to lower leg. Place heels of the hands together over tibia (no pressure over ... Broadening effleurage to lower leg. Place heels of the hands together over tibia (no pressure over ...
Inside ankle press. Place the heel of your left hand on the ball of the recipient’s right foot, ... Inside ankle press. Place the heel of your left hand on the ball of the recipient’s right foot, ...
Video: Role of ATP in muscle movement

For a complete list of videos, visit our video library