Today you deposited $15,000 into a 5-year CD that will pay 6 percent interest. How much will you withdraw from the account in 5 years? Round to the nearest cent. Do not include any unit (If your answer is $111.11, then type 111.11 without $ sign.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Today you deposited $15,000 into a 5-year CD that will pay 6 percent interest. How much will you withdraw from the account in 5 years? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
British explicitly inhibited the development of what industry
Answers (1)
A corporation reported the following during 2009: Net income $175,250; a sale of 10,000 shares of $5 par value common stock for $8.
Answers (1)
What are possible red flags or signs of a scam when buying a car? A. Being told your financing fell through B. Lengthy negotiations C. Charging of excessive fees D. Both A and C
Answers (1)
Allison Corp. has just issued preferred stock with an annual dividend of $0.85. The preferred stock is currently selling for $18.75 per share. What is the annual yield or return (r) on this preferred stock?
Answers (1)
What is someone who is willing to invest in a risky venture on the chance of making a large profit called?
Answers (1)
New Questions in Business
The basic problem with the average-cost approach is that it: A. does not consider cost variations at different levels of output. B. does not consider historical values. C. does not add a reasonable markup to the average cost of a product. D.
Answers (1)
The law of supply and demand asserts that
Answers (1)
Identify which of the following statements is true. A) Tax planning is an integral part of both closed-fact situations and open-fact situations.
No Answers
Jane contracts Tom, a home developer, to build her a new house. In the contract it states that all necessary parts of the home must be complete before the contract is to be considered finished.
Answers (1)
How do property rights benefit entrepreneurs? by enabling them to purchase capital and use it as they see fit by allowing them to use their employees' property by facilitating the use of public property for private businesses by freeing unused
Answers (1)