41. August is considered as back-to-school month when parents spend a lot of money on books and other necessities for their children. Suppose a family withdraws $200,000 from First Caribbean bank and spends on their children's necessities. (The present required reserve ratio is 13.64%) Using the bank's balance sheet, show the impact on this bank's assets and liabilities? a.

2. On April 1 Kendrick opened a savings account at a bank that paid 3.55 $1,000. On April 20 he withdrew $500. On April 30 the bank calculated the daily percent interest. His initial deposit was $3,200. On April 9 he deposited another interest. a) How much simple interest did his money earn? b) How much was in the account after the bank calculated the daily interest on April 30?

Suppose a family is depositing money into a bank account continuously, and the account earns interest of 4% annually (compounded continuously). The family began their first year with $23, 000 in the account. Assuming they don't make any withdrawals, how much money is in the account after 4 years? Answer should be $26,990.75

You are the loan department supervisor for a bank. This installment loan is being paid off early, and it is your task to calculate the rebate fraction, the finance charge rebate (in $), and the payoff for the loan (in $). (Round dollars to the nearest cent.) AmountFinanced Number ofPayments MonthlyPayment PaymentsMade RebateFraction FinanceChargeRebate LoanPayoff $1,900 18 $126.89 13   $  $

You are the loan department supervisor for a bank. This installment loan is being paid off early, and it is your task to calculate the rebate fraction, the finance charge rebate (in $), and the payoff for the loan (in $). (Round dollars to the nearest cent.) AmountFinanced Number ofPayments MonthlyPayment PaymentsMade RebateFraction FinanceChargeRebate LoanPayoff $4,700 36 $162.33 31   $  $

I need help solving the problem below in excel     You can put your money in an account that earns 10.0% compounded annually or in a bank account that earns 9.75%, compounded daily? Which account should you choose?

Selecting a Bank. Julie wants to open a bank account with ​$43. Julie estimates that she will write 23 checks per month and use her ATM card at the home bank. She will maintain a monthly balance of ​$500. Which bank should Julie​ choose?   Hillsboro Bank First National South Trust Bank Sun Coast Bank ATM​ charges:         Home bank Free Free Free Free Other bank 5 ​free, then ​$1.15 per use ​$1.40 per use ​$1.40 per use ​$1.40 per use ​Checking:         Minimum deposit ​$100 ​$28 ​$1 ​$1 Minimum balance required to avoid​ fees* ​N/A ​N/A ​$500 ​N/A Monthly fees ​$8.66 ​$10.11 ​$15.88 ​$3.61 ​Check-writing charges 15 ​free, then ​$0.85 per check 10 ​free, then ​$0.85 per check Unlimited Each check ​$0.43 ​* N/A means monthly fees apply irrespective of account balances. Based on the information given in the​ chart, which bank should Julie​…

Excel Skills 7. Solve the follow sections: a. Complete the following spreadsheet, showing how much will be in your bank account if you deposit an initial deposit (cell B2) today and it draws annual interest given in cell B1. Interest 2 Initial deposit 3 4 5 6 7 A 8 9 10 Year " 0 1 23 4 5 B b. Graph the results of the bank account. 8% $155 In bank account.

Suppose that before ATMs and credit cards, a person goes to the bank once at the beginning of each four-day period and withdraws from her savings account all the money she needs for four days. Assume that she spends $100 per day. Calculate the amount of money this person withdraws each time she goes to the bank.

this is for financial mathematics, thank youuuuu