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Author Question: What is the value of an investment after 4 years for a 3,000 ordinary annuity at 8 compounded ... (Read 66 times)

khang

  • Hero Member
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  • Posts: 569
on: Jun 24, 2018
What is the value of an investment after 4 years for a 3,000 ordinary annuity at 8 compounded quarterly?
 
 

  a.55,917.87
  b.13,518.33
  c.90,972.14
  d.12,364.83

Question 2

Julio is considering the purchase of 12 bonds. What is the annual interest for the bonds when the settlement date is on the interest date?
 
  Face value of each bond:600

  Price per bond:80
  Interest rate:11
 
Commission per 2,400 bond:24
 
 

  a.792
  b.5,760
  c.6,048
  d.288


asware1

  • Sr. Member
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  • Posts: 318
Reply #1 on: Jun 24, 2018
Answer to Question 1

correct: a

Answer to Question 2

correct: a


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