Calculate the simple interest and maturity vale. (do not round intermediate calculations. Round your answers to the nearest cent). principal $20,000 interest rate 6 3/4% time 9 months what is the simple interest? and what is the maturity value ?

Answers

Answer 1

The simple interest given the principal, time and interest rate is $1012.50.

The maturity value is $21,012.50.

What is the simple interest?

An amount earns simple interest only if the principal increases in value when interest is paid and not both the principal and the interest already accrued.

Simple interest = principal x time x interest rate

$20,000 x 9/12 x 0.0675 = $1012.50

Maturity value = $1012.50 + $20,000 = $21,012.50

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Related Questions

Problem 4: The table describes a 10-person economy. Each person in this economy has 1 dollar that he might save or
consume. He saves only if he can obtain a return on savings at least as high as the rate indicated in the first column. Each
person also has access to an investment project paying the return listed in the second column. He is willing to undertake
the investment using his own savings only if the return on his investment is at least as high as the return he requires to
make saving attractive. He is willing to undertake the investment using a loan from a financial intermediary only if the
investment pays a return greater than or equal to the interest rate he must pay on the loan. He prefers to finance the
investment out of his own savings rather than a loan (if available) only if the return he requires to render saving
attractive is lower than the interest rate he must pay on a loan.
Saves If
Available Investment
Person
Return 2 (Percent) Return (Percent)
5
5
1
5
2
8
3
5
9
4
8
5
5
8
5
8
5
6
7
10
9
8
10
10
9
9
20
20
10
15
a. Assume first that the costs of carrying out financial transactions are so high that no borrowing or lending takes place.
As a result, the only way a person can earn a return on savings is by investing in his own investment project. Which
people will invest in this case? What is the simple average of the returns on the investments undertaken?

Answers

Answer:

im not understandidb

Explanation:

o hi me pease

The antitrust division issued the statement.
Part B
What type of conspiracy did Apple take part in?
B

Answers

Answer:

It took part in price-fixing.

Explanation:

Edmentum Plato

You have $27,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14 percent and Stock Y with an expected return of 10.5 percent. If your goal is to create a portfolio with an expected return of 12.88 percent, how much money will you invest in Stock X and Stock Y? (Do not round intermediate calculations and round your answer to the nearest dollar, e.g., 32.)

Answers

Answer:

stock x with an expected return of Y

Explanation:

The price elasticity of demand for pork is about 0.60. Your goals is to decrease quantity demanded for pork by 12% as you see a possible shortage in the future. What might you suggest to achieve this goal

Answers

In order to reduce quantity demanded by 12%, the price of the good should be increased by 20%.

What is the price elasticity of demand?

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

Percentage change in price  = percentage change in quantity demanded / price elasticity of demand

12% / 0.6 = 20%

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Tasmo Inc. and Velmo Inc. are both corporations that manufacture metal snaps, so they are competitors. Velmo has a huge part of the market share but also has huge outstanding debt. Tasmo is a newcomer to the market with minimal outstanding debt. Tasmo and Velmo decide to merge their companies to improve their market share and financial picture. After the merger is completed, Tasmo is the company that remains. Which shareholders must approve this transaction

Answers

Based on the fact that Tasmo will remain when the merger with Velmo goes through, the shareholders who need to approve this transaction are the Velmo shareholders.

Who approves a merger?

When a merger is to be conducted, the shareholders of the target company absolutely must be consulted. They will then approve the merger by way of voting.

In this scenario, the company that will remain is Tasmo which makes Tasmo the acquiring company and Velmo Inc, the target. The Velmo shareholders therefore need to approve the merger.

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Discuss the benefits, and limitation of Budgeting.

Answers

Budgeting allows management to decentralize responsibility while yet maintaining control over the company. It quickly uncovers organizational flaws, inefficiencies, and deviations that may be addressed in order to reach a desired goal.

Forecasting the demand for labor

Answers

Answer:

In short, labor demand forecasting revolves around predicting how busy your company is likely to become in the future. Most forecasting methods of this nature revolve around estimating future demand based on historical sales data and market conditions.

2) Can a caterer use leftover foods donated to a charity as a charitable tax deduction? Why or why not?

Answers

Answer:

it would be deductible as a charitable donation on your personal return if you are taking the itemized deduction instead of the standard deduction.

Explanation:

1. How is check imaging used ?

Answers

The cheque scanning device scans both the front and the back of the payment, transforming the paper cheque into a legal digital image. The scanner is made up of a set of small light detectors positioned in a line. These lights sweep over the cheque's surface under a bright light.

hope it helps...!!!

Consider a bond selling at par with modified duration of 10.6 years and convexity of 210. A 2% decrease in yield would cause the price to increase by 21.2% according to the duration rule. What would be the percentage price change according to the duration-with-convexity rule? Group of answer choices 25.4%

Answers

Based on the calculation done below, the percentage price change according to the duration-with-convexity rule is 25.4%.

Calculation of Percentage Price Change According to the Duration-With-Convexity Rule

The percentage price change according to the duration-with-convexity rule can be calculated using the following formula:

∆P/P = (-D*∆y) + (1/2) * (Convexity * (∆y)^2) …………………. (1)

∆P/P = Percentage change in price = ?

D = Modified duration = 10.6

∆y = Change or decrease in yield = -2%, or -0.02

Convexity = 210

Substitute the values into equation (1), we have:

∆P/P = (-10.6*-0.02) + (1/2) * (210 * (0.02)^2)

∆P/P = 0.212 + 0.042

∆P/P = 0.254, or 25.4%

Therefore, the percentage price change according to the duration-with-convexity rule is 25.4%.

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the stock market of country A has an expected return of 8 percent, and standard deviation of expected reutrn of 5 percent. The stock market of country B has an expected return of 16 percent and standard deviation of expected return of 10 percent. Find the global minimum variance portfolio

Answers

With stocks of 8% for A and 16% for B, The global minimum variance is given as 10.5 percent

How to solve for the variance

The expected return of the stock for the country a is given as 0.05

The Weight of this country's stock market WA  = 0.5

The expected return of the stock for the country a is given as 0.16

The Weight of this country's stock market Wb  = 0.5

Expected Return of the portfolio can be calculated as

= (WA x RA) + (WB * RB)

Expected Return of the portfolio = (0.5x 0.05 ) +(0.5*0.16)

= 0.105

= 10.5%

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why do we have to pay

Answers

Answer:

you have to pay because it's a trade instead of for an example trading a coat for a meal you would give pay money to get the object.

Explanation:

Hope this helps:)

Click this link to view O*NET’s Skills section for Hotel, Motel, and Resort Desk Clerks.

Note that common skills are listed toward the top, and less common skills are listed toward the bottom.

According to O*NET, what are common skills needed by Hotel, Motel, and Resort Desk Clerks? Select four options.

science
social perceptiveness
service orientation
speaking
active listening
equipment maintenance

Answers

Answer:

getting information - interacting with computers - communicating with supervisors, peers, or subordinates - organizing, planning, and prioritizing work.

Explanation:  or in other words b, c, e, f :)

Answer:B,C,D,E

Explanation:if it's not the other dudes

Which is a special clause in an insurance contract that stipulates additional coverage over and above the standard contract?

a. deductible
b. copayment
c. coinsurance
d. rider

Answers

Answer:

coinsurance

Explanation:

Coinsurance refers to additional pay over standard health contract

Take a example

If your coinsurange is 30%

then for

100$ you have been paid 30$

To make sure you do not get too tired when using the computer for long periods of time, how often should you get up to stretch and move? Every hour Every 10 minutes Every 30 minutes Every two hours

Answers

Answer:

every 30 min

Explanation:

Every 30-60 minutes, take a brief (2-5 minute) break to stretch and/or walk around.

How to make money investing online

Answers

Put a little money into an online savings account every week (and invest it elsewhere once you have more)

Enroll in your employer’s retirement plan and start investing 1%

Open an IRA and choose your own investments

Invest with a robo-advisor

Invest a small chunk of money in the stock market

Invest in real estate through a crowdfunding platform

Invest in mutual funds with low minimums (many companies waive the account minimum when you enroll in automatic investing)

Investment is inversely related to Interest rate?​

Answers

Answer:

Interest rates and bonds have an inverse relationship: When interest rates rise, bond prices fall, and vice versa. Newly issued bonds will have higher coupons after rates rise, making bonds with low coupons issued in the lower-rate environment worth less.

Explanation:

Providing supervision is generally known as a good: OSHA


Work practice control

Engineering control

Personal protective control

Administrative control

Answers

Providing supervision is generally known as a good A. Work practice control.

What is Good OSHA?

This refers to the knowledge of an environment with the aim of improving it and making it better.

Hence, we can see that when engaging in supervision, according to the tenets of OSHA, the provision of adequate supervision is known as good work practice control.

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Compute prime cost given the following data: direct materials, $ 47,500; direct labor, $ 96,300; factory overhead, $ 87,900; and selling expenses, $ 54,290. a. $ 142,190 b. $ 285,990 c. $ 143,800 d. $ 184,200

Answers

Answer:

577,1970

Explanation:

that correct answer

What are some of the major segments, or parts of a business plan?

Answers

Explanation:

Executive Summary. ...

Company Description. ...

Products and Services. ...

Market analysis: ...

Strategy and Implementation: ...

Organization and Management Team: ...

Financial plan and projections

Explanation:

Executive summary. This is your five-minute elevator pitch.

Business description and structure. This is where you explain why you're in business and what you're selling.

Market research and strategies.

Management and personnel.

Financial documents.

I hoped I helped u

Describe the nature of the following major categories of risk (1) Financial Risks (2) Political risks 3 Environmental risks​

Answers

Answer:

Market riskinvolves the risk of changing conditions in the specific marketplace in which a company competes for business. One example of market risk is the increasing tendency of consumers to shop online. This aspect of market risk has presented significant challenges to traditional retail businesses.

Explanation:

hope this helps

According to entrepreneur, Keith J. Davis, Jr., young people must wait until they are older to become entrepreneurs.

True or False

Answers

Answer:

False

Explanation:

False

here your picture!yay

Answers

very pretty but dont have that money :(


By having its machines located inside grocery stores, gas stations, drugstores, etc., where consumers often shop, state lotteries offer
to the distribution process.
Multiple Choice
form
place
Information

Answers

The answer is place I think

Answer:place

Explanation:

Best way to find a new job?

Answers

Answer:

You can search the internet and look for something that suits you best and that pays good.

Explanation:

why do people invest money in stocks and new businesses?

Answers

In the hope that the stock will skyrocket and they will profit, or that the business will become successful

The best way to start a statement on your résumé is with _____. a. “I” or “My” b. a noun c. an active verb d. an adjective Please select the best answer from the choices provided A B C D

Answers

The best way to start a statement on your résumé is by using an active verb.

What is a Résumé?

This is referred to a document that summarizes work experience, educational background, and special skills of individuals.

A résumé starts with an active verb as it helps to show the necessary actions within a sentence thereby making option C the most appropriate choice.

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How does intellectual property differ from typical consumer products?
O Consumer products are not as easily secured.
Intellectual property is more valuable.
O Consumer products are more valuable.
Intellectual property is not as easily secured.

Answers

Answer: d

Explanation:

edge

Foundation for motivation

Answers

Answer:

focus on identifying internal factors such as instincts, needs, satisfaction, and job characteristics 

Explanation:

Please answer in one minute will mark BRAINLIST

Answers

Answer:

it's b reckless. ... ...

Answer:

b

Explanation:

reckless

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