Melissa and Parker each deposit the money they earn at their summer jobs in bank accounts that pay different interestdeposits $520, and Parker initially deposits $550. The table shows the amounts they have in each of their accounts for thTime(quarters ofa year)1234Melissa'sTotal ($)520.00527.80535.72543.75Parker'sTotal ($)550.00555.50561.06566.67What is the total in the 8th quarter for each person? Round your answer to thenearest cent.Melissa's Total: $ type your answer...type your answer...Complete the sentence below for the money in the 12th quarter.Rounded to the nearest cent, in quarter 12, Melissa's total with be $type your answer..., and Parker's total will be $type your answer...So, Melissa will havechoose your answer...money than Parker.choose your answer...lessmore.Parker's Total: $Complete the sentence below for the money they will have earned after 16quarters,.Rounded to the nearest cent, after 16 quarters, Melissa will have earned $type your answer...and Parker will have earned $type your answer...choose your answer...choose your answer...lessmoreSo, Melissa will have earnedA money that Parker.

It has been given that both Melissa and Parker has put their money into bank account but the amount…

Answered: What is the total in the 8th quarter…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Using the data in graphs II and III, how much will most millennials need to begin investing, per month, in order to have $1M in retirement? Please, explain.
*Use the following information for Multiple Choice Questions 3-4: Kinsella Seed borrowed $200,000 on October 1, 2019, at 10% interest. The interest and principal are due on October 1, 2020. What journal entry should be recorded on December 31, 2019? A. Debit Interest Expense 5,000; credit Interest Payable 5,000. B. Debit Interest Payable 5,000; credit Interest Expense 5,000. C. Debit Interest Receivable 20,000; credit Interest Expense 20,000. D. No entry is necessary.
2
Meredith, who is single, would like to contribute $6,000 annually to her Roth IRA. Her AGI is $130,000. In your computations, round any division to four decimal places. Round your final answers to the nearest dollar. Question Content Area a. What is the maximum amount that Meredith can contribute?
How much money will you end up with if you deposit $150 at the end of each month into an account earning j12-8.40% for 18 years? Express your answer to 2 decimal places but don't include the $ sign. Your Answer: Answer
Rex Corporation accepted a $7,000, 4%, 120-day note dated August 8 from Regis Company in settlement of a past bill. On October 11, Rex discounted the note at Park Bank at 5%. (Use Days in a year table.) a. What is the note's maturity value? Note: Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent. Maturity value b. What is the discount period? Discount period days c. What is the bank discount? Note: Use 360 days a year. Do not round intermediate calculations. Round your final answer to the nearest cent. Bank discount C
In a recent poll of 500 homeowners in the United States, one in four homeowners reports having a home equity loan that he or she is currently paying off. Using a confidence coefficient of 0.95, construct the confidence interval for the proportion of all homeowners in the United States that hold a home equity loan. Note: Round final answers to 3 decimal places. Lower limit Upper limit
a. What is the finance charge for March? b. What is Carolyn's new balance? %24
Betty plans to invest some money so that she has $3,800 at the end of three years. Determine how much should she invest today given the following choices: (Do not round intermediate calculations and round your final answer to the nearest penny.)a. 4.2 percent compounded daily. Amount required to be invested $ b. 4.9 percent compounded monthly. Amount required to be invested $ c. 5.2 percent compounded quarterly. Amount required to be invested $
1) the total equal to part 1 is $5,924, calculate what percent of your monthly take-home salary you spend each of your monthly expenses show your work below add these percentages to the third column of the table.
Dineshbhai
How much must be deposited today into the following account in order to have a $135,000 college fund in 11 years? Assume no additional deposits are made. An account with quarterly compounding and an APR of 7.32% $ should be deposited today. (Do not round until the final answer. Then round to the nearest cent as needed.) Enter your answer in the answer box. Type here to search 0 哥同

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS