« previous next »

Author Question: What is the value of an investment after 4 years for a 3,000 ordinary annuity at 8 compounded ... (Read 107 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?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

The skullcap from Trinil, Java is the type specimen for H. erectus and is about 900,000 years old. The skullcap from Trinil, Java is the type specimen for H. erectus and is about 900,000 years old.
The approval of a new drug is a four-stage process: (1) preclinical investigation, (2) clinical inve The approval of a new drug is a four-stage process: (1) preclinical investigation, (2) clinical inve
During the Pullman strike in Chicago, workers protesting wage cuts did $340,000 in property damage, During the Pullman strike in Chicago, workers protesting wage cuts did $340,000 in property damage,
Atmospheric CO2 Concentrations Increased Very Rapidly during the Last 200 Years Atmospheric CO2 Concentrations Increased Very Rapidly during the Last 200 Years
In Canada, 2/3 women and over 1/2 of men 55 to 64 years of age are grandparents In Canada, 2/3 women and over 1/2 of men 55 to 64 years of age are grandparents
The Cs-131 nuclide has a half-life of 30. years. After 139 years, about 3.0 grams remain. The ... The Cs-131 nuclide has a half-life of 30. years. After 139 years, about 3.0 grams remain. The ...
Video: Energy Flow - Trophic Levels and Food

For a complete list of videos, visit our video library