Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. an engeineer deicides to put a ump sum amount of 6

an engeineer deicides to put a ump sum amount of 6000 into a term deposit...

90.2K

Verified Solution

Question

Finance

an engeineer deicides to put a ump sum amount of 6000 into a term deposit account whihc has variable rate. if the interest rate for the first four years are 10%, 11, 7% AND 4%respectively, how much would be the account balance after four years?

A. 8457.13

B. 8152.37

C. 8387.54

D. 8784.6

2. how much must an electrical contractor deposit every year in her savings account starting one year from now at 8% per year in order to stimulate 5000 in 7 years from now?

a.5569.12

B. 4819.12

C. 560.36

D. 6069.12

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

Civil Engineering
1.2K views

Choose any RC column section and draw its interaction diagram. Discuss and explain the process.

Biology
1.2K views

What is an amyloid? Are all amyloid structurally the same? Provide examples to support the case. Please be...

Physics
1.2K views

   \(\int_{0}^{\pi}e^xsinx dx\) with n=6 subdivisions 1) Find the exact value of the integral 2) Approximate the integral...

General Management
1.2K views

MARKETING! Google is developing a self-driving car that will be in the marketplace in the near future....

General Management
1.2K views

Evaluate Walmart's globalization strategy over the last two decades. Where did the retailer struggle? Where did...

Accounting
1.2K views

Barbour Corporation, located in Buffalo, New York, is a retailer of high-tech products and is known...

Accounting
1.2K views

Financial Accounting 10th Edition, Weygandt - Problem CT9-1 The financial statements of Apple Inc. are presented...

Physics
1.2K views

Imagine holding two identical bricks in place under water Brick 1 is just beneath the...

Physics
1.2K views

A ball is attached to a vertical spring with a spring constant of 6.0 N/m....

Geometry
1.2K views

Rewrite the following equation in terms of base e Express the answer in terms of...

Basic Math
1.2K views

A lemonade seller calculates that it costs $20 to produce 100 glasses of lemonade and...

Accounting
1.2K views

Select best answer. An Accounts Payable is created when... A) your company pays cash for...