What would be the yearly earnings for a person with $3,500 in savings at an annual interest rate of 4.8 percent?
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A: Step 1: Define Contribution Margin (CM) RatioThe Contribution Margin (CM) Ratio measures how much of…
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A: Step 1: Define Previous Year's Net Income CalculationThe previous year's net income is calculated by…
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A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is used to allocate…
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A: Step 1:Given, Principal value of the note: $10,000Rate of interest: 8% per annum [Note: Interest…
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- Need answerWhat would be the annual percentage yield for a savings account that earned $60.00 in interest on $1,000 over the past 365 days?What would be the annual percentage yield for a savings account that earned $51 in interest on $750 over the past 365 days? (Enter your answer as a percent rounded to 1 decimal place.)
- Suppose you deposit $1,500.00 into and account 7.00 years from today into an account that earns 14.00%. How much will the account be worth 14.00 years from today?Suppose you want to have $ 367733 for retirement in 31 years. Your account earns 4.4 % interest monthly. How much interest will you earn?Suppose you invest $103 nin a bank account, and five years later it has grown to $137.91. a. What APR did you receive, if the interest was compounded semiannually? b. What APR did you receive if the interest was compounded monthly?
- What is the rate of return you would earn if you paid $3,680 for a perpetuity that pays $85 per year?Suppose you invest $100 in a bank account, and five years later it has grown to $134.39. What APR did you receive if the interest was compounded semiannually? What APR did you receive if the interest was compounded monthlyKindly help me with accounting questions
- What would be the annual percentage yield (APY) for a savings account that earned $174 on a balance of $3,250 over the past 365 days?What is the future value of $2,500 deposited for one year earning a 14 percent interest rate annually?You are borrowing $10,000 over a two-year period. The annual percentage rateis 4.5%.1) What is the monthly payment?2) What is the total amount paid for loan? 3) What is the total interest paid for the loan?