Suppose you deposit 1000 in 3 payments of 333.333 each on January 1 of 2007 2008 and 2009 How much would you have in your account on January 1 2009 based on 8 percent annual compounding?

What is the terminology of compounding interest?

The terminology of compounding interest means adding interest to the interest that one already has on an account. The interest could be added to a bank account or to a loan.

Does compounding quarterly earn you more than compounding monthly?

Monthly compounding earns more then quarterly. For example if your told your account earns 6% compounded monthly, then after 12 months you should earn 6.17% . If your account compounds quarterly, then after four quarters you should earn 6.14% .

A bank is paying 7.5 percent APR on a CD Note The convention when there are no periodic payments is to assume annual compounding unless stated otherwise?

A bank is paying 7.5% APR on a CD. (Note: The convention when there are no periodic payments is to assume annual compounding, unless stated otherwise. Thus this is annual compounding.) If you put $2500 into an account, how much will the account be worth in 3 years?a. 3062.5b. 3105.74c. 2505.63d. 4375e. insufficient information to computeThe answer is b) 3105.74. After the first year, it is worth $2687.50. After the second year it is worth $2889.06, and after the third year it is worth $3105.74.Just multiply 0.075 by the amount in the account at the beginning of the year to get the interest for that year, then add that amount to get the new value for the end of that year.you can get solution from onlinesolutionproviders.com

What does adverse accounts mean?

An Adverse account means a delinquent account. An account that has not received on time monthly payments, or payments at all.

What is usually the largest single account in the overall balance of payments?

The largest single account in the overall balance of payments is, for most countries, the current account.

How do you deactivate your howzat account?

Suppose I dont have an facebook account

How can you receive online payments without a bank account?

Online payments must go to a bank account. Using a routing number for the bank being used and the account for which it is being placed.

I want to begin making payments directly from my checking account when the payments are due. I do not want them taken out automatically, but to be able to pay on-line. Tell me how.?

You can have the bank send a bank check for you. I want to pay my bill on line. due January 23, 2010

How long paid delinquencies remain on your credit?

A delinquency usually refers to an account with late payments. The late payments report on the account for 7 years.

What is the interest on 1200 invested for 2 years in an account that earns 5 percent interest per year?

The answer, assuming compounding once per year and using generic monetary units (MUs), is MU123. In the first year, MU1,200 earning 5% generates MU60 of interest. The MU60 earned the first year is added to the original MU1,200, allowing us to earn interest on MU1,260 in the second year. MU1,260 earning 5% generates MU63. So, MU60 + MU63 is equal to MU123. The answers will be different assuming different compounding periods as follows: Compounding Period Two Years of Interest No compounding MU120.00 Yearly compounding MU123.00 Six-month compounding MU124.58 Quarterly compounding MU125.38 Monthly compounding MU125.93 Daily compounding MU126.20 Continuous compounding MU126.21

Difference between income and expenditure account and p and l account?

Differences Between Receipts And Payments Account And Income And Expenditure AccountThe following are the main differences between receipts and payments account and income and expenditure account: 1. NatureReceipts and payments account is a summary of cash transactions for a period and it is a real account. Income and expenditure account is a summary of expenditure and income like trading and profit and loss account and it is a nominal account.2. ObjectiveReceipts and payments account is prepared to show cash and bank receipts and payments during the period to derive closing balance of cash and bank. Income and expenditure account is prepared to show the net result of the operation during the period to derive surplus or deficit.3. RecordingAll cash and cheque receipts are recorded on debit side of receipts and payments account where as all cash and bank payments are recorded on credit side. In income and expenditure account all expenditure of revenue nature are recorded on debit side and all incomes of revenue nature are recorded on credit side.4. Capital And Revenue ItemsThere is no distinction between capital and revenue receipts and payments in receipts and payments account. All expenses and incomes of revenue nature are recorded on accrual basis in income and expenditure account.5. ContentsReceipts and payments account contains only cash and bank transactions. Income and expenditure account contains both cash and non-cash expenses and incomes of revenue nature.6. Balance Sheet RequirementReceipts and payments account is not required to prepare balance sheet. Income and expenditure account is required to prepare balance sheet.7. AdjustmentsNo adjustments are required in receipts and payments account. In income and expenditure account adjustments are made because it is prepared on accrual basis.

The part of the balance of payments account that lists all long-term flows of payments is called?

Balance of payments is a method that is used to monitor international monetary transactions over a specific period of time. The long term flows of payments is part of the current account.