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Author Question: You have an investment that will mature in 20 months with the value of $2500. You need some quick ... (Read 133 times)

sheilaspns

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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


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Marked as best answer by sheilaspns on Jun 6, 2019

emily12345

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