« previous next »

Author Question: What is the value of an investment after 4 years for a 3,000 ordinary annuity at 8 compounded ... (Read 28 times)

khang

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

correct: a

Answer to Question 2

correct: a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

To examine a child’s ear, the pinna should be pulled back and up for children over 3 years; the pinn To examine a child’s ear, the pinna should be pulled back and up for children over 3 years; the pinn
A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a
During their elderly years, men and women continue to exhibit aspects of the gender roles that they ... During their elderly years, men and women continue to exhibit aspects of the gender roles that they ...
Literacy Development in the Early Years: Helping Children Read and Write Literacy Development in the Early Years: Helping Children Read and Write
Remaining health-adjusted life expectancy (years) at age 25 Remaining health-adjusted life expectancy (years) at age 25
Video: Hypoglycemia Animation

For a complete list of videos, visit our video library