Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. 2. (3 marks the amount invested in the term deposi

2. (3 marks The amount invested in the term deposit was $2295. On what date...

70.2K

Verified Solution

Question

Finance

image
image
2. (3 marks The amount invested in the term deposit was $2295. On what date was the investment made if the rate of return was 3.2% per annum? )A term deposit reached maturity on July 2,2018. The maturity value was $2345.25. (4 marks) Two payments were scheduled to be made on March 10, 2017 and December 5, 2017 of $700 and $1250 respectively. What single payment on August 15, 2017 would be equivalent to these two payments if the interest agreed upon was 6.25% per annum? 3. It 0.0 b is boter Fer deu 4. (5 marks) Seven months ago Amir agreed to pay Robert three payments of $Soo, $700 and $900 in four, twelve and eighteen months from the date of the agreement. No payments have been made and Amir and Robert have renegotiated the terms of the agreement to make one single payment six months from today. If the agreed upon rate of interest was 6% per annum. what is the size of that single payment

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

Which of the following RECTANGLES has the same area as the triangle given below 13...

Mechanical Engineering
1.2K views

NOTE: What would the anwser be if it was a square plate with a circular hole? The...

Basic Math
1.2K views

P7 27 Write a Boolean expression for the output of each of the logic circuits...

Basic Math
1.2K views

Assume that the spinner cannot land on a line Determine the odds against the spinner...

Basic Math
1.2K views

Is this problem one where we should take the percent of the other number shown...

Basic Math
1.2K views

In an effort to cut costs and improve profits, any US companies have been turning...

Calculus
1.2K views

Find fx 1 1 if f x y 3xy 1 x y fx 1 1...

Accounting
1.2K views

8. If total liabilities decrease by $50,000 and total equity increased...

Accounting
1.2K views

27. Do tax-exempt organizations pay tax on dividends received from C corporations? Do tax-exempt organizations...

Accounting
1.2K views

TB MC Qu. 4-68 (Algo) Domingo Corporation uses the weighted... Domingo Corporation uses the weighted-average...

Accounting
1.2K views

Which of the following is NOT a type of opinion of independent auditors? Adverse opinion...

Finance
1.2K views

Newkirk, Inc., is an unlevered firm with expected annual earnings before taxes of $22.9 million...