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Author Question: A bank pays a quoted annual (nominal) interest rate of 8%. However, it pays interest (compounded) ... (Read 356 times)

james

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  • Posts: 573
on: Apr 25, 2021

Question 1

Your grandparents bought their collection of one hundred silver dollars at face value in 1952. If they appreciated at a rate of 3% per year, how much were they worth in 2006?
◦ $493.41
◦ $262.00
◦ $479.04
◦ $508.21
◦ $518.00

Question 2

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?
◦ 7.86%
◦ 7.54%
◦ 8.57%
◦ 8.33%
◦ 9.21%
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
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Marked as best answer by james on Apr 25, 2021

Shshxj

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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.
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james

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  • Posts: 573
Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review

AngeliqueG

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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