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Author Question: Suppose 100 is deposited in a bank account paying 5 compounded annually. If the interest earned is X ... (Read 158 times)

tth

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on: Jul 1, 2018
Suppose 100 is deposited in a bank account paying 5 compounded annually. If the interest earned is X after 5 years, then the interest earned will be 2X after 10 years.
 
  Indicate whether the statement is true or false

Question 2

Suppose there is no inflation, and the current interest rate is 4 per year. Erin plans to open a savings account and deposit 100 annually for the next 5 years. She plans to leave this money untouched for 10 more years. At the end of the period, the balance of her savings account will be
 
  A) 2500(1.045 - 1).
  B) 2000(1.0415-1).
  C) 2000(1.045 - 1)(1.04)10.
  D) 2500(1.045 - 1)(1.04)10.
Microeconomics ¦ Perloff ¦ 8th Edition
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Carissamariew

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tth

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

pangili4

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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