Consider the $50,000 excess cash. Assume that Gary invests the funds in a one year CD
a. What is the CD s value at maturity (future calue) if it pays 10 percent (annual) interest?
b. What will its future value be if the CD pays 5 percent interest? If it pays 15 percent interest?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Consider the $50,000 excess cash. Assume that Gary invests the funds in a one year CD a. What is the CD s value at maturity (future calue) ...” 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
A council health inspector threatens to close down a restaurant by issuing a fake health violation notice if the owner does not make a financial payment to him.
Answers (1)
Julio Company purchased a $200,000 machine that has a four-year life and no salvage value. The company uses straight-line depreciation on all asset acquisitions and is subject to a 30% tax rate.
Answers (1)
Which is the new crime created by Sarbanes-Oxley? a. mail fraud b. obstruction of justice c. certification of false financial statements d. both a and b
Answers (1)
Which one of the following positions would have salaries or wages that are classified as a factory overhead cost by a baking company? a. President of the company b. Factory supervisor c. Baker
Answers (1)
What is an elevator pitch?
Answers (1)
New Questions in Business
When a person has a comparative advantage in producing a good or service, the person has A. a higher opportunity cost in producing that product than someone else. B. a constant opportunity cost in producing that product. C.
Answers (1)
Growth Enterprises believes its latest project, which will cost $80,000 to install, will generate a perpetual growing stream of cash flows.
Answers (1)
A school's band members raised money by selling magazine subscriptions and shirts. Their profit from selling shirts was $/$5$ per shirt minus a one-time $/$40$ set-up fee. Their profit from selling magazine subscriptions was $/$4$ per subscription.
Answers (1)
The most likely reason a firm would pay its sales representatives a commission rather than a salary is that it wants to
Answers (1)
When Sandra and Charles Givens were divorced, the court ordered a division of property and awarded Sandra $65,000. The award was a judgment against Charles, who failed to pay it. Sandra asked the court to find Charles in contempt.
Answers (1)