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Author Question: For a given rate of interest, the total interest you receive from lending money A) increases with ... (Read 87 times)

KWilfred

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For a given rate of interest, the total interest you receive from lending money
 
  A) increases with the frequency of compounding.
  B) decreases with the frequency of compounding.
  C) is independent of the frequency of compounding.
  D) is greatest when there is no compounding.

Question 2

If you invest 500 today, and the value one year from today is 1000, then the annual interest rate must be
 
  A) 10.
  B) 50.
  C) 100.
  D) 200.


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sarahccccc

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KWilfred

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)


sailorcrescent

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

 

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