This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: You buy a $500 certificate of deposit (CD) and the end of two years you cash it for $551.25. What is ... (Read 90 times)

student77

  • Hero Member
  • *****
  • Posts: 567
on: May 5, 2020

Question 1

A bank offers a 7.3% annual interest rate compounded daily. The APY is approximately
◦ 10.72%.
◦ 13.23%.
◦ 7.57%.
◦ 8.03%.
◦ none of these

Question 2

You buy a $500 certificate of deposit (CD) and the end of two years you cash it for $551.25. What is the annual yield on this investment?
◦ 2.5%
◦ 5%
◦ 6%
◦ 0.05%
◦ none of these
Excursions in Modern Mathematics ¦ Tannenbaum ¦ 9th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by student77 on May 5, 2020

Anonymous

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: May 5, 2020
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.
Answer Preview
Only 55% of students answer this correctly


student77

  • Member
  • Posts: 567
Reply 2 on: May 5, 2020
:D TYSM

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

A levallois core from Kapedo Tuffs, Kenya dates about 130,000 years ago. A levallois core from Kapedo Tuffs, Kenya dates about 130,000 years ago.
Adolescence: 12 years or puberty to the beginning of adulthood. Adolescence: 12 years or puberty to the beginning of adulthood.
Average Years of Schooling versus GDP per Capita Average Years of Schooling versus GDP per Capita
What rate, compounded once every 3 years, is equivalent to 9% effective rate? What rate, compounded once every 3 years, is equivalent to 9% effective rate?
Development of the Dungeness crab (Cancer magister). The crabs live for 8 to 10 years. Development of the Dungeness crab (Cancer magister). The crabs live for 8 to 10 years.
Heart drawing by 6 years old Heart drawing by 6 years old
Video: Type of Transport - Active and Passive Processes

For a complete list of videos, visit our video library