Mr. Alvarez's simple interest savings account currently has a balance of $12,500. He earns 6% Interest annually. Calculate his balance for one year
If no additional deposits are made,
A $13,250.00
B $12,506.00
C $13,500
D $12,560.00
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Mr. Alvarez's simple interest savings account currently has a balance of $12,500. He earns 6% Interest annually. Calculate his balance for ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Straitway Company encourages its managers to behave ethically, reasoning that the employees will take their cues from management. One of the most important ways to create and maintain an ethical behavior workplace is for management to:
Answers (2)
Which component of the marketing information system is defined as a set of procedures and sources used by managers to obtain everyday information about pertinent developments in the environment?
Answers (1)
Ford Motor Company has issued 8% convertible debentures, convertible at a 10:1 ratio. Currently the debenture is trading at 94. The stock is trading at $80. What is the conversion price of the stock
Answers (1)
Women account for approximately what percentage of police officers across the us
Answers (2)
A large stock dividend: a. Results in a transfer of retained earnings to common stock and additional paid-in capital. b. Reduces the par value per share by the percentage of the additional shares issued. c.
Answers (1)
New Questions in Business
All American National Company earned $240,000 last year. The board of directors decided to pay out one-half of the firm's earnings to the stockholders. Before the board's decision, the firm's retained earnings were $740,000.
Answers (1)
Arnell Industries has $35 million in permanent debt outstanding. The firm will pay interest only on this debt. Arnell's marginal tax rate is expected to be 21% for the foreseeable future. a) Suppose Arnell pays interest of 7% per year on its debt.
Answers (1)
List of marketing collateral needed for new territory
Answers (1)
In July 2009, Hungary successfully issued 1 billion euros in bonds. The transaction was managed by Citigroup. Who is the issuer of the bonds? The Hungarian government Hungary Bank Citigroup What type of bonds are these? a. Government bonds b.
Answers (1)
E6-18 (Algo) Inferring Bad Debt Write-Offs and Cash Collections from Customers LO6-2 On its recent financial statements, Hassell Fine Foods reported the following information about net sales revenue and accounts receivable (amounts in thousands) :
Answers (1)