Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem: A friend has 4800 dollars that has been saved from her part time job, plus any interest earned on it, in 6 months & has asked for your help in deciding whether to put the money in a bank savings account at 5.5 percent interest or to lend it to Judy. Jury has promises to replay 5100 dollar after six months.

[A] Compute the interest rate earned on the savings account for 6 months
[B] Compute the rate of return if the money is lent to Judy. [Round your percentage answer to two decimals]

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M917609

Have any Question? 


Related Questions in Basic Finance

Suppose you are interested in the behaviors of physicians

Suppose you are interested in the behaviors of physicians that have high ratings of patient satisfaction. The research goal is to identify the behaviors in the natural clinical settings of these successful physicians so ...

Define the concepts of compounding and discountinguse

Define the concepts of compounding and discounting. Use future values and present values to explain how these concepts are related.

Solve this proble using a formula thnaks suppose the texas

Solve this proble using a formula, thnaks. Suppose the Texas lottery advertises that it pays its winner 5 million. However, this prize money is paid at the rate of $1 million each year (with the first payment being immed ...

A companys free cash flow was just fcf0 150 million the

A company's free cash flow was just FCF0= $1.50 million. The weighted average cost of capital is WACC = 10.1%, and the constant growth rate is g = 4.0%. What is the current value of operations?

What are the trends and implications of market values in

What are the trends and implications of market values in the future financial health of Amazon? Compare market values of quarters 2015?

Explain the market conditions under which fundamental

Explain the market conditions under which fundamental analysis can lead to abnormal return.

Problems-1 cummingsnbsp has eat depreciation expense

PROBLEMS- 1. Cummings  has EAT, depreciation expense, capital expenses, debt and debt principal payments of $9m, $2.8m, $1.3m,  $40m and $1.5m respectively. Between the first and the second years, it has current assets o ...

Speculate as to why there has been an increase in reporting

Speculate as to why there has been an increase in reporting requirements in the last ten (10) years. Also, give your opinion on whether the increase in reporting requirements has improved investors' and creditors' confid ...

Financial analysis comparison of nike amp uafinancial

Financial Analysis Comparison of Nike & UA Financial Analysis Comparison of Nike & Under Armour Case Analysis (p. 55 of your text) First, calculate the below ratios for Nike, Inc. for the years 2013 & 2014. Nike balance ...

Text book broker responsibility edition 20chapter 1are

Text Book: "Broker Responsibility" Edition 2.0 Chapter 1 Are there any violations of the Act or TREC rules if the rebate was not paid to avoid violation of RESPA? Chapter 2 1. What are the best methods to communicate lim ...

  • 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

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate