Ajax Company purchased a five-year certificate of deposit for its building fund in the amount of $220,000. How much should the certificate of deposit be worth at the end of five years if interest is compounded at an annual rate of 9%?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Ajax Company purchased a five-year certificate of deposit for its building fund in the amount of $220,000. How much should the certificate ...” 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
When characteristics that have led to organizational success, over time, become the basis for the organization's downfall, we sometimes refer to the phenomenon as:?
Answers (1)
Joe, a warehouse laborer, has been instructed to restock boxes from a cancelled shipment. Each box weighs about 40 pounds.
Answers (1)
A company can sell any mix of Product A and Product B at full capacity. The company has 100,000 hours of capacity. The demand for each product exceeds the capacity.
Answers (1)
A monopoly A. doesn't lose any sales when it raises its price. B. is a price taker. C. produces the market output. D. must have a patent to protect its products
Answers (1)
Tech Solutions, Inc., a manufacturer of laptops, is considering a merger with Outtel, a leading producer of microprocessors and other computer chips.
Answers (1)
New Questions in Business
vWhat are the most likely consumer market segments for robots? Which consumer characteristics would be important to determine these market segments? What types of roles do you envision robots playing for these consumers?
Answers (1)
Steve is going on a five day hiking trip. He got a special week rental deal for $129.99 for the full week, with 200 free miles and $0.30 per mile after. How much will he pay for the rental if he drives 332 miles?
Answers (1)
Why might a customer prefer to put money into a savings account Instead of a checking account? A. A savings account pays more interest on the deposited money. B. A checking account is at greater risk of theft. C. The customer hates writing checks. D.
Answers (2)
Mark and Mindy are new parents. They wish to start saving for their son's college education. They anticipate they'll need $150,000 in 18 years. How much should they deposit quarterly in an account that pays 7.
Answers (1)
An employee has proposed adding new equipment that would speed up the loading rate to 5.71 trucks per day. the equipment would cost an additional $100 per day for each dock. should the manager invest in the new equipment?
Answers (1)