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

Author Question: What is the future value of $124.49 after earning simple interest for five years at an annual rate of 10%? (Read 440 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
on: Apr 25, 2021

Question 1

The rate of interest agreed upon contractually charged by a lender or promised by a borrower is the ________ interest rate.
◦ effective
◦ nominal
◦ discounted
◦ continuous

Question 2

What is the future value of $124.49 after earning simple interest for five years at an annual rate of 10%?
◦ $162.25
◦ $186.74
◦ $200.49
◦ $136.94
◦ $175.00
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by dbose on Apr 25, 2021

af

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Apr 25, 2021
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 39% of students answer this correctly


dbose

  • Member
  • Posts: 597
Reply 2 on: Apr 25, 2021
Excellent

blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Simple transposable elements and their mechanism of transposition Simple transposable elements and their mechanism of transposition
Variation in the rate of evolution as a function of the strength of selection, assuming genetic drif Variation in the rate of evolution as a function of the strength of selection, assuming genetic drif
The Upper Cave at Zhoukoudian yields ages of about 25,000 years for Homo sapiens. The Upper Cave at Zhoukoudian yields ages of about 25,000 years for Homo sapiens.
Effect of Increasing the Investment Rate on the Steady State Effect of Increasing the Investment Rate on the Steady State
Calculating Growth Rate of Bacteria Calculating Growth Rate of Bacteria
Micrographs and drawings of three types of simple epithelia, with examples of their functions and lo Micrographs and drawings of three types of simple epithelia, with examples of their functions and lo
Video: Depolarization of the SA node, Action potentials of the myocardium & ANS effects

For a complete list of videos, visit our video library