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Author Question: A recent advertisement in the financial section of a magazine carried the following claim: "Invest ... (Read 51 times)

Alainaaa8

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on: Apr 25, 2021

Question 1

You wish to deposit $7,000 in an account at the Shylock Bank. The bank pays interest at a nominal annual rate of 10% compounded quarterly. What is the effective interest rate offered by Shylock?
◦ 10.38%
◦ 10.00%
◦ 9.65%
◦ 11.21%
◦ 10.47%

Question 2

A recent advertisement in the financial section of a magazine carried the following claim: "Invest your money with us at 14 percent, compounded annually, and we guarantee to double your money sooner than you imagine." Ignoring taxes, how long would it take to double your money at a nominal rate of 14 percent, compounded annually?
◦ 3.66 years
◦ 5.29 years
◦ 7.00 years
◦ 10.24 years
◦ 14.00 years
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Marked as best answer by Alainaaa8 on Apr 25, 2021

joshbk44

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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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Alainaaa8

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

cassie_ragen

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

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