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

Author Question: You have an investment that will mature in 20 months with the value of $2500. You need some quick ... (Read 148 times)

sheilaspns

  • Hero Member
  • *****
  • Posts: 567
on: Jun 6, 2019

Question 1

You invest $8000 in a floating rate guaranteed investment certificate. For the first 24 months you earn 6% compounded semi-annually. For the next 6 months you earn 12% compounded monthly. What is the maturity value of the certificate?
◦ $9558.02
◦ $8558.00
◦ $9888.00
◦ $9585.00
◦ $9558.00

Question 2

You have an investment that will mature in 20 months with the value of $2500. You need some quick cash and decide to sell it today at a discount rate of 10% compounded quarterly. What is the cash value?
◦ $2009.63
◦ $2120.54
◦ $2219.63
◦ $2299.63
◦ $659.23
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 sheilaspns on Jun 6, 2019

emily12345

  • 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


sheilaspns

  • Hero Member
  • *****
  • Posts: 567
Reply #2 on: Jun 6, 2019
Excellent


emily12345

  • Sr. Member
  • ****
  • Posts: 321
Reply #3 on: Jun 6, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Did you know?

Anti-aging claims should not ever be believed. There is no supplement, medication, or any other substance that has been proven to slow or stop the aging process.

Did you know?

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

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

A gray squirrel, seven months of age near Mobile, Alabama A gray squirrel, seven months of age near Mobile, Alabama
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Deciduous and permanent teeth: (A) deciduous teeth, with the age at eruption given in months; (B) ... Deciduous and permanent teeth: (A) deciduous teeth, with the age at eruption given in months; (B) ...
Reaction 1: The First ATP Investment Reaction 1: The First ATP Investment
Investment in Computers as a Percentage of GDP, 1982–2009 Investment in Computers as a Percentage of GDP, 1982–2009
At 19 months, Merr would clearly pass the 17-month item on the Bayley Scales At 19 months, Merr would clearly pass the 17-month item on the Bayley Scales
Video: Kinetic parameters & Kinetic experiment

For a complete list of videos, visit our video library