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

Author Question: You invest $6780 in a floating rate guaranteed investment certificate. For the first 30 months you ... (Read 39 times)

Coya19@aol.com

  • Hero Member
  • *****
  • Posts: 601
on: Jun 6, 2019

Question 1

Calculate the future value of $5000 if it is invested at an interest rate of 16% compounded quarterly for 5 years and 6 months.
◦ $11 049.59
◦ $5849.59
◦ $10 849.59
◦ $11 809.59
◦ $11 849.59

Question 2

You invest $6780 in a floating rate guaranteed investment certificate. For the first 30 months you earn 4.9% compounded semi-annually. For the next 8 months you earn 4.32% compounded monthly. What is the maturity value of the certificate?
◦ $7775.44
◦ $7785.44
◦ $7888.44
◦ $7875.44
◦ $7857.44
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Coya19@aol.com on Jun 6, 2019

pratush dev

  • Sr. Member
  • ****
  • Posts: 321
Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 55% of students answer this correctly


Coya19@aol.com

  • Member
  • Posts: 601
Reply 2 on: Jun 6, 2019
YES! Correct, THANKS for helping me on my review

TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

The Sidereal and Synodic Months The Sidereal and Synodic Months
Rate of Growth of Brain Areas Rate of Growth of Brain Areas
A diploma or certificate is proof of education completed. A diploma or certificate is proof of education completed.
Reaction 1: The First ATP Investment Reaction 1: The First ATP Investment
Comparison Pre-pregnancy and 9 months pregnancy Comparison Pre-pregnancy and 9 months pregnancy
If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ... If a graph has the following x-intercepts, which value of x is the instantaneous rate of change ...
Video: Studying the Left and Right Brain Independently

For a complete list of videos, visit our video library