Business, 23.11.2019 01:31 israelduran2222
Jamie is saving for a trip to europe. she has an existing savings account that earns 2 percent annual interest and has a current balance of $4,500. jamie doesn't want to use her current savings for vacation, so she decides to borrow the $1,500 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 5 percent.
a. if jamie were to withdraw the $1,500 from her savings account to finance the trip, how much interest would she forgot?
b. if jamie borrows the $1500, how much will she pay in interest?
c. how much does the trip cost her if she borrows rather than dips into her savings?
Answers: 1
Another question on Business
Business, 22.06.2019 18:00
Acountry made education free in mandatory up to age 15. it is established 100 new schools to educate kids across the country. as a result, citizens acquired the _ required to work. the school's generated _ for teachers and other staff. in 20 years, to countryside rapid _ and its gdp.
Answers: 3
Business, 22.06.2019 19:20
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2003, an auction house sold a sculpture at auction for a price of $10,211,500. unfortunately for the previous owner, he had purchased it in 2000 at a price of $12,177,500. what was his annual rate of return on this sculpture? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as
Answers: 2
Business, 22.06.2019 21:30
The adjusted trial balance for china tea company at december 31, 2018, is presented below:
Answers: 1
Business, 22.06.2019 23:30
Match the different financial tasks to their corresponding financial life cycle phases wealth protection, wealth accumulation and wealth distribution
Answers: 3
You know the right answer?
Jamie is saving for a trip to europe. she has an existing savings account that earns 2 percent annua...
Questions
Mathematics, 29.06.2019 02:00
Mathematics, 29.06.2019 02:00
Biology, 29.06.2019 02:00
Computers and Technology, 29.06.2019 02:00
Social Studies, 29.06.2019 02:00
English, 29.06.2019 02:00
History, 29.06.2019 02:00
