Simone's small business has accumulated $14,750 of excess cash that will not be needed until a new piece of equipment is purchased. What will be the maturity value if she invests the funds in a 120-day term deposit paying an interest rate of 1.35%? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.) Maturity value

Simone's small business has accumulated $14,750 of excess cash that will not be needed until a new piece of equipment is purchased. What will be the maturity value if she invests the funds in a 120-day term deposit paying an interest rate of 1.35%? (Use 365 days a year. Do not round intermediate calculations. Round your final answer to 2 decimal places.) Maturity value

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...

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