Finance

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Henry purchased stock in Nortel Networks for $120 per share. Unfortunately the stock did not perform ... Started by mpobi80	1 Replies 47 Views	Apr 25, 2021 by pocatato
Gary has $1,400 to invest with the goal of having $4,000 available to purchase a used car. If he can ... Started by kamilo84	1 Replies 31 Views	Apr 25, 2021 by guyanai
Charlene owns stock in a company which has consistently paid a growing dividend over the last five ... Started by Themember4	1 Replies 43 Views	Apr 25, 2021 by bitingbit
At an inflation rate of 9 percent, the purchasing power of $1 would be cut in half in 8.04 years. ... Started by codyclark	1 Replies 37 Views	Apr 25, 2021 by cegalasso
At an effective annual interest rate of 20%, how many years will it take a given amount to triple in ... Started by jwb375	1 Replies 28 Views	Apr 25, 2021 by Rilsmarie951
A recent advertisement in the financial section of a magazine carried the following claim: "Invest ... Started by Alainaaa8	1 Replies 66 Views	Apr 25, 2021 by joshbk44
You have some money on deposit in a bank account which pays a nominal (or quoted) rate of 8.0944 ... Started by jilianpiloj	1 Replies 49 Views	Apr 25, 2021 by macagnavarro
You can deposit your savings at the Darlington National Bank, which offers to pay 12.6 percent ... Started by altibaby	1 Replies 123 Views	Apr 25, 2021 by helenmarkerine
What is the effective interest rate of 4% compounded quarterly? Started by bobbysung	1 Replies 46 Views	Apr 25, 2021 by chem1s3
Shylock Bank offers a savings account with an effective interest rate of 9% and quarterly ... Started by jenna1	1 Replies 63 Views	Apr 25, 2021 by mcni194
Shylock Bank offers a savings account with a nominal rate of 9% and quarterly compounding. What is ... Started by saliriagwu	1 Replies 54 Views	Apr 25, 2021 by itsakadoozi
In order to open up your new business you need to take out a loan. First Bank charges 6% compounded ... Started by Zulu123	1 Replies 43 Views	Apr 25, 2021 by guyanai
Bank A offers a 2-year certificate of deposit (CD) that pays 10 percent compounded annually. Bank B ... Started by ap345	1 Replies 81 Views	Apr 25, 2021 by aham8f
A bank pays a quoted annual (nominal) interest rate of 8%. However, it pays interest (compounded) ... Started by james	1 Replies 261 Views	Apr 25, 2021 by Shshxj
Your Godmother established a $3,000 bank account for you when you were born. For the first 10 years ... Started by shenderson6	1 Replies 110 Views	Apr 25, 2021 by joewallace
You wish to deposit $7,000 in an account at the Shylock Bank. The bank pays interest at a nominal ... Started by BrownTown3	1 Replies 79 Views	Apr 25, 2021 by tofugiraffe
You put $100 in a bank for a fixed two year term. The interest rate on the loan is 8% per annum, ... Started by jerry coleman	1 Replies 53 Views	Apr 25, 2021 by peter
You plan to invest $2,500 in a money market account which will pay an annual stated (nominal) ... Started by itsmyluck	1 Replies 31 Views	Apr 25, 2021 by joneynes
You have the opportunity to purchase an insurance policy for your newborn son. You must make the ... Started by tiara099	1 Replies 28 Views	Apr 25, 2021 by fwbard
You deposited ($1,000) in a savings account that pays 8 percent interest, compounded quarterly, ... Started by tiffannnnyyyyyy	1 Replies 71 Views	Apr 25, 2021 by jasonq
You deposit $100 in a bank for a fixed 7 year term. Interest on the deposit is calculated every ... Started by lindiwe	1 Replies 46 Views	Apr 25, 2021 by Benayers
What is the future value of $16.54 after two years if these funds can be invested to earn 5.5%, ... Started by mia	1 Replies 24 Views	Apr 25, 2021 by coyin
The price of a Wendy's Bacon Cheeseburger is $.99, the same as it was five years ago. Had the price ... Started by khang	1 Replies 107 Views	Apr 25, 2021 by brittanywood
The future value of a dollar ________ as the interest rate increases and ________ the farther in the ... Started by Anajune7	1 Replies 53 Views	Apr 25, 2021 by jjorrostieta
The future value of $200 received today and deposited at 8 percent for three years is (Round to the ... Started by mikaylakyoung	1 Replies 52 Views	Apr 25, 2021 by guyanai