(Answered) A friend has 2400 that she has saved from her job she will

Finance

A friend has $2,400 that she has saved from her job. She will need her money, plus any interest earned on it in six months. She can either put the money in a savings account at 5.5% or lend to Judy who has promised to pay $2,480 after six months. Calculate the interest earned on the savings account after six months Calculate the annual rate of return if the money is loaned to Judy.

View complete question

Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9800644
Price:- $5

Verified Expert

Priced at $10 Now at $5, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Basic Finance

What is the number of shares that must be issued to the new

What is the number of shares that must be issued to the new investor in order for the investor to earn his target return?

What are the ways that it can help comply with legal

What are the ways that IT can help comply with legal requirements and social responsibilities surrounding the sales of alcohol?

It is now may 1 2015 and timmy has just purchased a

It is now May 1, 2015, and Timmy has just purchased a five-year U.S. government bond (FV = $1,000) with a quoted price of 93.779. This bond has a 6-percent coupon rate, and the last semi-annual coupon payment was made on ...

Call optionnbspcarol krebs is considering buying 100 shares

Call option Carol Krebs is considering buying 100 shares of Sooner Products, Inc., at $62 per share. Because she has read that the firm will probably soon receive certain large orders from abroad, she expects the price ...

Company m uses the percentage of sales method of estimating

Company M uses the percentage of sales method of estimating bad debts. At the beginning of the current fiscal year, Company M's allowance for doubtful accounts had a credit balance of $3,000. During the current year, Com ...

Evaluate the following fund using single-index modelfund

Evaluate the following fund using single-index model: Fund 1: Alpha (a): 1.1 Beta (B): 1.9 Variance (e): 100 Market risk expected return is 8%, and an expected standard deviation =12.25% or market variance 150. Using the ...

Question - the directors of mylo ltd are currently

Question - The directors of Mylo Ltd are currently considering two mutually exclusive investment projects. Both projects are concerned with the purchase of new plant. The following data are available for each project: Pr ...

1 define organizational communication2 what interesting

1. Define organizational communication 2. What interesting about the subject of organizational communication

Find the present value of the following ordinary annuities

Find the present value of the following ordinary annuities (See hint for Problems 4-9): $400 per year for 10 years at 10%. $200 per year for 5 ears at 5% $400 per year for 5 years at 0%. Now rework parts a, b and c assum ...

Problem financial planningfinancial forecasting - use the

PROBLEM: FINANCIAL PLANNING Financial Forecasting - Use the percent of sales methods to prepare pro forma income statement for Calico Sales Co., Inc. projected sales for next year is P 4million. Cost of Goods sold is exp ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Basic Finance Expert