Newest banking Questions | Wyzant Ask An Expert

05/19/22

how do i make 200 dollers in less than 2 days with 0 dollers

i need help, i lied to someone saying I have 200 dollars when I actually don't cause I owe them and I need to pay in less than 2 days plz help I really don't know what to do everything on youtube... more

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Banking Calculus Precalculus Economics

03/09/22

question about bid-ask spread, what do you think?

Bank Z receives U$1,000 in deposits from Tom and promises to pay him U$1,100 after one year. With this money, the bank will lend U$10 to another 100 people at a rate je, such that each of these 100... more

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Banking Math Physics Sat Math

11/11/21

Complicated Work time math help.

A and B working together for 9 hours work in x days. B and C can get the job done in half the time A and B could in the same no of days. C and D working 8 hours takes 15 days longer than A and B to... more

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Banking Math Sat Math Elementary Math

06/20/21

Work-time related math.

Working alone at their respective constant rates, A can complete a task in ‘a’ days and B in ‘b’ days. They take turns in doing the task with each working 2 days at a time. If A starts they finish... more

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Banking Math Sat Math Chemical Engineering

06/13/21

Mixture replacement math help.

A container contains 64 liters of pure milk. A replacement process takes place three times. A person takes out 16 liters of milk from the container and replaces it with 16 liters of water. Then 16... more

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Banking Math Sat Math Maths

01/28/21

What is the simple interest, when total amount of $250000 after 8 years is 3 times the Principal amount?

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Banking Math Sat Math Maths

01/04/21

Geometric Series and finance combo Critical Math.

(a) A geometric series has first term a and common ratio r. Prove that the sum of the first n terms of the series is: a(1-rn)/(1-r).Mr. King will be paid a salary of £35 000 in the year 2005. Mr.... more

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Banking

10/15/20

Consumer math banking

Jay went to Safeway and purchased $35.00 on groceries and got 4 tens in cash back. How much money will it show that he spent on his bank statement?

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Banking Business Finance

07/06/20

Mergers and Acquisitions create synergies. Critique this statement.

Mergers and Acquisitions create synergies. Critique this statement in view of the recent merger of CBA and NIC Bank to form NCBA Bank and the takeover of National Bank of Kenya by KCB Bank Group.

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Banking Finance Loan

03/13/20

If i take loan on 3/11/20 for $5k, 36 months, apr 10.25%. How did they cal that mo pay is $162.82 for 1st 35 mo & final pay 36 mo is $162.79? What formula do they use or how they get that calculation?

The total finance charge is $861.43. Payments are due monthly. The daily rate is 0.028082. The first payment due date is 4/30/20. The payment is at the end of each month.

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Banking Math Algebra 1 Algebra 2

02/12/20

What does Compounded quarterly mean to do and 3-5 mean?

In this scenario you have $5000 to invest and you want to know which of the following investment situations will give you the most money at the end of 5 years. The interest rate for all the... more

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Banking Math Statistics Investment

07/21/19

Monthly compounding word problem

Jane Roznowski wants to invest some money now to buy a new tractor in the future. If she wants to have $325,000 available in 6 years, how much does she need to invest now in a CD paying 4.85%... more

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Banking Finance Macroeconomics

04/08/19

How does the fractional reserve banking system work?

I would like to understand better exactly how this works. I have heard a lot recently (particularly since the 2007-08 crash and Occupy movement) about money creation in particular (usually with a... more

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Banking

11/27/17

what is a bank statement?

This is a multiple choice question and the alternatives are as follows a. a form used to list money deposited b. a written record of cash spent c. a deduction for handling an account d. the amount... more

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Banking

01/06/17

Banking Word Problem

A bank has loaned out $500,000, part of it at 6% per annum and the rest of it at 11% per annum. If the bank receives $43,750 in interest each year, how much was loaned at 6%?

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Banking Math Math Help Interest Rates

09/08/16

Really need help

David wishes to deposit $2000 in a bank for 5 years. Two banks caught his interests. SBD BANK -8% simple interest for 1st year -4% simple interest for subsequent years CBCO BANK -4%... more

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Banking

08/08/16

what are non-banking financial institutions? Give five examples of such institutions in your country.

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Banking

03/18/16

Brandon Holoway Deposit the deposited the following in the bank: in bills 6 twenties, 8 tens, 12 fives, and 23 ones; in coins 18 half-dollars, 14 quarters and

19 dimes; checks, $75.00, $96.48, and $32.15. Find the total deposit.Must show all work for it.

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Banking Interest Compounded Interest Annual Interest

09/30/15

Interest compounded annually

You place $800 in an account that earns 4% annual interest, compounded annually. How long will it be until you have $2000?

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Banking Precalculus Payments Interest

09/27/15

Rates word problem

If the balance, M, at time t in years, of a bank account that compounds its interest payments monthly is given by M = M0(1.07763)t (a) What is the effective annual rate for this account? (b)... more

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Banking

06/25/15

Money Order question, please help!

Can The bank prove I made a money order? I threw away the receipt a while ago but got a call from the hospital saying they did not receive the payment yet. I did pay it, and I did it right in front... more

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Banking

01/31/14

On Banking

On February 2, you receive your bank statement showing a balance of $2,844.43. Your checkbook shows a balance of $2,964.77. Outstanding checks are $152.43, $342.05, and $95.10. The account earned... more

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