(Answered) You inherit 134000 and decide to invest it for 90 days

Engineering

You inherit $134,000 and decide to invest it for 90 days compounded daily at 7.25% annual interest (exact). After the 90 days, you are going to invest your new-found money in a startup business.

a) How much interest is earned on this investment?

You can either use the Future Value formula or Table 13-2

Future Value Formula

FV = P(1 + R)^N

Reminder: R = Interest Rate per period (day)

Table 13-2: Compound Interest on $100, Compounded Daily (

days) (Exact Time, Exact Interest Basis)

Reminder - The Table is for compound interest on each $100.

b) How much money will you have to invest in the startup after the 90 days?

View complete question

Computer Engineering, Engineering

Category:- Computer Engineering
Reference No.:- M92798487
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Computer Engineering

What is equi-marginal principle why does it have to be true

What is Equi-marginal principle? Why does it have to be true at interior optimum?

Several basic principles or reasons make psychological

Several basic "principles" or reasons make psychological social engineering effective. These include authority, intimidation, consensus/social proof, scar- city, urgency, familiarity/liking, and trust. Table 2-6 in your ...

Question suppose host a has 10 packets with sequence

Question : Suppose host A has 10 packets with sequence numbers 1 to 10 to be transmitted to host B. Now imagine that the packets numbered 2 and 7 are lost when they were sent the first time. Assume that ACKs are never lo ...

What are security planning principles what is policy-based

What are Security Planning Principles? What is policy-based security? (Hint for both: pure definition is not good enough. Answers need to be illustrated in the context of an example or scenario).

There has been a substantial interest in predictability of

There has been a substantial interest in predictability of stock return in recent years. For example, DeBondt and Thaler (1985, 1987) report that long-term past losers (three- to five-years) outperform long-term past win ...

Suppose the sulfur content of a mineral sample is

Suppose the sulfur content of a mineral sample is determined by complete conversion to Ag2S(s). What mass of sample must be chosen, so that the number of grams of Ag2S(s) obtained is equal to one eighth of the percent su ...

Submit a proposal of your ideal computer-in narrative form

Submit a proposal of your "ideal" computer-in narrative form. Make sure to answer the following questions: • State the technical specifications of your ideal computer • What would you like your ideal computer to accompli ...

Question a topic related to database securityyou must pick

Question: A topic related to Database Security. You must pick one topic after reading at least 5 articles. You must provide a list of those articles you read and you must annotate each one. That is, you must write at lea ...

Need references for information for the following dealing

Need references for information for the following dealing with CSMS (Consolidated Sales and Marketing System Project) Produce a narrative which describes the added error-handling pathways that includes: an overview of th ...

Could you help me to solve the following stats problemthe

Could you help me to solve the following stats problem? The number of patients waiting for flu vaccine at A hospital has the following probability distributions. x 1 2 3 4 p(x) 0.2 0.3 0.4 0.1 What is the variance of num ...

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 Computer Engineering Expert