Annual interest rate-business investing in saving account
Problem:
A business invests $10,000 in a savings account for two years. At the beginning of the second year, an additional $3500 is invested. At the end of the second year, the account balance is $15,569.75. What was the annual interest rate?
Now Priced at $20 (50% Discount)
Recommended (95%)
Rated (4.7/5)
Using the straight-line method, the amount of discount or premium to be amortized each interest period would be:
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Determine the upper and lower limits for the transfer price between the Motchip Division and the Engine Division.
Problem: A business invests $10,000 in a savings account for two years. At the beginning of the second year, an additional $3500 is invested.
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How much should he invest if he wants the value of his bond fund to be worth $85,000 when it matures? _____ ?
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