A bank pays a quoted annual (nominal) interest rate of 8. However, it pays interest (compounded) daily using a 365-day year. What is the effective annual rate of return?
A) 7.86
B) 7.54
C) 8.57
D) 8.33
E) 9.21
Question 2
1,200 is received at the beginning of year 1, 2,200 is received at the beginning of year 2, and 3,300 is received at the beginning of year 3. If these cash flows are deposited at 12 percent, their combined future value at the end of year 3 is:
A) 6,700
B) 17,000
C) 12,510
D) 7,504
E) 8,141
Hormonal regulation of digestion rate in the stomach and small intestine.
Sample Workout in the Target Heart Rate Range
Static Stability & Environmental Lapse Rate
The West Bank Challenge
A mother invests $9000 in a bank account at the time of her daughter's birth. The interest is ...