Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 3 Days Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 09 Aug 2017 My Price 4.00

Mark Schultz

The following situations involve the application of the time value of money concept. 1. Jan Cain deposited $19,500 in the bank on January 1, 1995, at an interest rate of 12% compounded annually. How much has accumulated in the account by January 1, 2012? 2. Mark Schultz deposited $43,200 in the bank on January, 2002. On January 2, 2012, this deposit has accumulated to $84.974. Interest is compounded annually on the account. What rate of interest did Mark earn on the deposit? 3. Les Hinckle made a deposit in the bank on January 1, 2005. The bank pays interest at the rate of deposit has accumulated to $30,000. How much money did Les originally deposit on January 1, 2005? 4. Val Hooper deposited $11,600 in the bank on January 1 a few years ago. The bank pays an interest rate of 10% compounded annually, and the deposit is now worth $30,052. For how many years has the deposit been invested?

Answers

Maurice Tutor
(5)
Status NEW Posted 09 Aug 2017 05:08 PM My Price 4.00

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