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Question
If you want to have $3,575 in 29 months, how much money must you put in a savings account today? Assume that the savings account pays 12% and it is compounded monthly; round to nearest $1.A) $3,147
B) $3,008
C) $2,679
D) $2,438
Answer
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Related questions
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C) accounts receivable.
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Dazzly Diamond Corp. called for credit at the Home Alone Bank of Paris, TX. The terms included a $35,000 maximum loan with interest of 1 percent over prime, and the agreement also requires a 15% compensating balance throughout the year. The prime rate is currently 12 percent.
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A) $18,875
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C) $22,305
D) $24,220
Q:
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B) $84,000
C) $90,000
D) $94,000