Mahadeus opened an RRSP deposit account on December 1, 2008, with a deposit of $2300. He added $2300 on April 1, 2010, and $2300 on January 1, 2012. How much is in his account on October 1, 2016 if the deposit earns 6.7% pa compounded monthly? CED The amount in the account is S (Round the final answer to the nearest cent as needed Round all intermediate values to six decimal places as needed)
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- Randy opened an RRSP deposit account on December 1, 2008, with a deposit of $1800. He added $1800 on December 1, 2010, and $1800 on July 1, 2012. How much is in his account on October 1, 2016, if the deposit earns 5.5% p.a. compounded monthly? The amount in the account is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)Haatimvopened an RRSP deposit account on December 1, 2008, with a deposit of $1400. He added $1400 on September 1, 2010, and $1400 on March 1, 2012. How much is in his account on April 1, 2016, if the deposit earns 6.3% p.a. compounded monthly? The amount in the account is?Dave borrowed $550 on January 1, 2022, and paid it all back at once on December 31, 2022. The bank charged him a $3.50 service charge, and interest was $40.70. What was the APR? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Annual percentage rate %
- jeremy opened a CD (certificate of deposit) on April 3, 2018 with an interest rate of 4.65% compounded weekly. How much was initially deposited if Jeremy checks his account on December 5, 2018 and discovers the account balance is $3614? Round your answer to the nearest cent.On September 1, 2021, Middleton Corp. lends cash and accepts a $10,000 note receivable that offers 18% interest and is due in six months. How much interest revenue will Middleton Corp. report during 2022? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $300. $468. $335. $617.Romeo started an RRSP on March 1, 2016, with a deposit of $35 000.00. She added $19 000.00 on December 1, 2017, and $8500.00 on September 1, 2018. What is the accumulated value of her account on December 1, 2020, if interest is 6.6% compounded monthly? a Ob Oc Od e $39 272.78 $41 260.10 $47 846.07 $70 993.80 $80 850.58
- IceKreme’s net accounts receivable were $96,000 at June 30, 2019. Calculate IceKreme’s average collection period for fiscal year 2020. (Use 365 days a year. Round intermediate calculations to 2 decimal places. Round the final answer to 1 decimal place.)Sunshine Service Center received a 120-day, 6% note for $40,000, dated April 12 from a customer on account. Assume 360 days per year. a. Determine the due date of the note. b. Determine the maturity value of the note. When required, round your answers to the nearest dollar.$fill in the blank df5724f79f8d02f_2 c. Journalize the entry to record the receipt of the payment of the note at maturity. If an amount box does not require an entry, leave it blank. Aug. 10 Cash Cash Note Receivable Note Receivable Interest Revenue Interest RevenueOn September 1, 2021, Daylight Donuts signed a $112,000, 9%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022.Daylight Donuts should report interest payable at December 31, 2021, in the amount of: (Do not round your intermediate calculations.) Multiple Choice $0. $5,040. $3,360. $1,680.
- 1. You have saved $1000 and have decided to deposit it into an account paying 3% APR compounded monthly. Since you have done so well with saving, you are also able to deposit $100 into the account at the end of each month. Fill in the following table. (Don't use the regular deposits balance formula.) (Round your answers to 2 decimal places.) (0.125 pts each) Interest paid on prior balance At end of month Deposit Balance number 1000 3 4.For a $ 1,314 deposit, a bank offers two choices: Account "A" pays interest at an APR of 8.3%. Account "B" pays an APR of 3.8 %, but pays a one-time bonus of $80 at the end of 2 years. What is the final value of account "A" minus the final value of account "B'? Please calculate accurately and round the answer to four decimal places. Thank you.Label all final answers with the correct units, if applicable. Unless otherwise stated, use 4 decimal places for intermediate computations of interest rates (if needed) then round off final answers to two decimal places. For monetary amounts, use 2 decimal places even for intermediate computations. 2. On January 1, 2022, Marites deposited P15,000 in a bank that offered 2.5% annual interest compounded monthly, and a 20% tax on the interest is deducted every month. Determine the total balance of her account on April 1, 2022. 2
