subject
Business, 11.01.2021 19:10 Shadow0202

3. The beginning balance of Cooper's savings account for the month of September was $5700, and it remained this way for the first 11 days of the month. On September 12, Cooper made a withdrawal of $900, so his balance changed, and it remained the same for a total of 9 days. On September 20, Cooper made a deposit of $1100, so his balance changed again, and it remained the same for a total of 10 days to finish out the month. Cooper's savings account has an APR of 3.65%, calculates interest daily, and pays interest at the end of the month. Cooper wants to calculate the amount he earned in interest during the month of September. (5 points: Part I – 1 point; Part II – 1 point; Part III – 1 point; Part IV – 1 point; Part V – 1 point) Part I: What interest rate does Cooper's savings account pay per day?
Part II: How much did Cooper earn in interest during the first 11 days of September?
Part III: How much did Cooper earn in interest during the next 9 days of September?
Part IV: How much did Cooper earn in interest during the last 10 days of September?
Part V: How much did Cooper earn in interest during the month of September?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 04:10
What is the difference between secure bonds and naked bonds?
Answers: 1
question
Business, 22.06.2019 05:30
Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.
Answers: 1
question
Business, 22.06.2019 12:30
Amap from a trade development commission or chamber of commerce can be more useful than google maps for identifying
Answers: 1
question
Business, 22.06.2019 19:40
Chang corp. has $375,000 of assets, and it uses only common equity capital (zero debt). its sales for the last year were $595,000, and its net income was $25,000. stockholders recently voted in a new management team that has promised to lower costs and get the return on equity up to 15.0%. what profit margin would the firm need in order to achieve the 15% roe, holding everything else constant? a. 9.45%b. 9.93%c. 10.42%d. 10.94%e. 11.49%
Answers: 2
You know the right answer?
3. The beginning balance of Cooper's savings account for the month of September was $5700, and it re...
Questions
question
Mathematics, 24.08.2021 22:10
question
Mathematics, 24.08.2021 22:10
Questions on the website: 13722362