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Q: Which should he choose if he wants the best rate of return on his interest?
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Shaun wants to split his 500 into two accounts He wants to deposit 125 at 4.9 percent interest in one account and the rest at 5.0 percent interest in another account?

24.88


How would you choose to buy a particular stock?

for buying a stock a investor must go through firstly for the company's profile that whether it is new one or reputed one. then one should look in the market trend of the stock of the company, can say by looking simple moving average index of the stock, which show the relative strength or weakness of the stock. then an individual should also look for its objective that whether he/she wants to buy high risk n return or balance kind of return of the stock.


Jo wants to put some money in a 15th month certificate of deposit accounts that pay 5 percent annual interest He wants the account to earn 200 in interest. How much money should he put in the account?

Amount to Deposit (P) = ? Time (N) = 15 months or 1.25 years Rate of Interest (R) = 5 Interest Earned = 200 Formula for Interest = P * N * R / 100 Rearranging the formula we get: P = Interest * 100 / N * R = (200 * 100) / 1.25 * 5 = 20000 / 6.25 = 3200 If they want to earn 200 interest they must deposit 3200 as the amount for the certificate of deposit.


What interest rates are charged on new home loans?

It depends on how much one wants for a new house. The smaller the loan the smaller the interest rate will be. If you want a house of $500 000 your interest rate will be 6.13%.


Is a mortgage same as overdraft?

No. Overdraft is a facility wherein a customer can withdraw money from his account even if he does not have sufficient balance to cover for it. He would have to eventually return the money to the bank but still he can take cash for his requirements anytime he wants. Mortgage is a facility wherein a customer borrows money from a bank to purchase a home. The only similarity between overdraft and mortgage is the fact that you will be paying an interest to the bank in return for the cash you borrowed from them.

Related questions

What should her scale be?

On the basis of the available information, she should choose whatever she wants it to be.


If Ted wants to buy a house and believes that interest rates will rise he should?

If Ted wants to buy a house and believes that interest rates will rise, he should apply for a fixed rate mortgage.


Monique wants to take out a simple interest loan?

She should be so lucky. Most institutions will only lend with interest charged on a compound basis.


Why should a student choose to be a fashion designer?

it will be based on his/her idea. if he/she wants to be a fashion designer then go for it.


Should you play basketball for your dad and the team or should you go to the other basketball team that wants you?

i would choose and follow my heart


What should the reserve bank do if it wants to pursue a contractionary monetary policy?

raise interest rates & sell securities


Why did Lloyd Alexander choose to write books?

he choosed to write books because he wants to interest kids in reading and he puts hard words in the story for kids can learn them


What reporting option should Master Sergeant Barnes choose if she wants medical treatment counseling and an official investigation of her assault?

She should choose the sexual assault reporting process.


The builder now wants to change to an English basement because of the water table. Should we choose a different lot?

no


What does error code 420 means?

In HTTP, the return code 420 is not used by the standards. However, and individual can make the server return whatever HTTP return code he wants... and should provide information on his FAQ.


What do you do if your man that you live with for 3 years and support is living another life with another girl and still wants to be with you?

if he wants to be with you he should choose you and no one else so I go with leave him


What should you do if a guy wants to hook up with you but another guy wants to be the first one to hook up with you but the guy who wants to be the first hasn't talked to you for a while?

you should go for the guy you love for real , go for the guy who would everything for you and never asks for something in return