« previous next »

Author Question: What is the value of an investment after 4 years for a 3,000 ordinary annuity at 8 compounded ... (Read 109 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?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

The Dingo was the first placental mammal introduced to Australia, around 4000 years ago The Dingo was the first placental mammal introduced to Australia, around 4000 years ago
Earth’s history spans 4.5 billion years. Geologists and paleontologists have pieced together the his Earth’s history spans 4.5 billion years. Geologists and paleontologists have pieced together the his
Atmospheric CO2 Concentrations Increased Very Rapidly during the Last 200 Years Atmospheric CO2 Concentrations Increased Very Rapidly during the Last 200 Years
Growth of the body and brain is dramatic over the first 2 years. Growth of the body and brain is dramatic over the first 2 years.
Review Cognitive Changes over the Adult Years Review Cognitive Changes over the Adult Years
Earth 240 Million Years Ago Earth 240 Million Years Ago
Video: Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library