A bank pays a quoted annual (nominal) interest rate of 8. However, it pays interest (compounded) daily using a 365-day year. What is the effective annual rate of return?
A) 7.86
B) 7.54
C) 8.57
D) 8.33
E) 9.21
Question 2
1,200 is received at the beginning of year 1, 2,200 is received at the beginning of year 2, and 3,300 is received at the beginning of year 3. If these cash flows are deposited at 12 percent, their combined future value at the end of year 3 is:
A) 6,700
B) 17,000
C) 12,510
D) 7,504
E) 8,141
Pacific hagfish at 150 meters depth, California, Cordell Bank National Marine Sanctuary.
Annual Federal Deficit (or Surplus), 1992–2016
Population growth rate %
Average Annual Growth Rates of Population by Country Group
Fertility, Mortality, and the Net Rate of Reproduction in Sweden
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...