This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In three years you will begin receiving an annual payment of 600 that will be made for two years. If ... (Read 92 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
on: Jul 10, 2018
In three years you will begin receiving an annual payment of 600 that will be made for two years. If the annual interest rate is 12, what will be the balance in your account at the end of the fourth year?
 
  A) 2,025
  B) 1,344
  C) 1,272
  D) 1,200
  E) 1,260

Question 2

What is a forward exchange rate?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

welcom1000

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jul 10, 2018
Answer to Question 1

C

Answer to Question 2

The spot exchange rate is simply the price of one currency stated in terms of another with immediate delivery. Another
type of transaction carried out in the foreign exchange markets is known as a forward exchange rate, which is an
exchange rate agreed upon today but which calls for delivery of currency at the agreed-upon rate at some future date.
The actual payment of one currency in exchange for the other takes place on a future date called the delivery date, and
the agreement that captures the terms of both the rate and delivery is called a futures contract or forward exchange
contract.


tuffie

  • Member
  • Posts: 534
Reply 2 on: Jul 10, 2018
:D TYSM

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

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
During drought years on the Galapagos, small, easily eaten seeds become rare, le During drought years on the Galapagos, small, easily eaten seeds become rare, le
Levallois points and flakes from Kapthurin, Kenya date to between 200,000 and 280,000 years ago. Levallois points and flakes from Kapthurin, Kenya date to between 200,000 and 280,000 years ago.
Emanuel Leutze’s Washington Crossing the Delaware (1851) is riddled with historical inaccuracies, mo Emanuel Leutze’s Washington Crossing the Delaware (1851) is riddled with historical inaccuracies, mo
“To confess my weakness,” Hamilton wrote when he was only fourteen, “my ambition is prevalent.” This “To confess my weakness,” Hamilton wrote when he was only fourteen, “my ambition is prevalent.” This
A patient with Cushing’s syndrome (A) before and (B) after receiving treatment. Sharmyn McGraw A patient with Cushing’s syndrome (A) before and (B) after receiving treatment. Sharmyn McGraw
Video: Cavernous Sinus Larynx Middle Ear Orbit: Granulesm Animation

For a complete list of videos, visit our video library