Simone's small business has accumulated $14,750 of excess cash that will not be needed until a new plece of equipment is purchased. What will be the maturity value If she Invests the funds in a 120-day term deposit paying an interest rate of 1.35 %? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.) Maturity value

Simone's small business has accumulated $14,750 of excess cash that will not be needed until a new plece of equipment is purchased. What will be the maturity value If she Invests the funds in a 120-day term deposit paying an interest rate of 1.35 %? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.) Maturity value

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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