Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. your friend just invested $5,000 in an account tha

Your friend just invested $5,000 in an account that pays 3 percent simple interest over...

70.2K

Verified Solution

Question

Accounting

Your friend just invested $5,000 in an account that pays 3 percent simple interest over three years. What is the value of investment by end of year 3? (nearest dollar without dollar sign ($) or comma, e.g. 15000)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Calculate the pH of a solution composed of 0.50 M NH3 and 0.20 M NH4Cl. Kb...

Chemistry
Q

pain an unpleasant but extremely important sensation, why? how does the body sense pain? what makes...

Medical Sciences
Q

3 A uniform rectangular plate has been bent as shown in the figure The two...

Physics
Q

Andy is scuba diving. He starts at sea level and then descends 10 feet in...

Basic Math
Q

Solve the word problem below 24 A flag that is 5 feet tall is raised...

Calculus
Q

A. Find the time required for an investiment of $14,000 to grow $18,000 at an...

Algebra
Q

asap Question 3 (20 points) Prepare journal entries for...

Accounting
Q

View Policies Current Attempt in Progress The following per unit information is available for a...

Accounting
Q

Izmir AS, issued convertible bonds at their face value of 128,000 lira on December 31,...

Accounting
Q

The central reservation office at American Airlines is most likely treated as a(n): profit center....

Accounting
Q

they are looking for four decimal but is 1.36 or 140 answer is correct? ...

Finance
Q

A small retail business has requested a loan to pay for increased inventory due to...

Finance