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

Author Question: Albert made investments of $1000 each for two years. The first one at an interest of 4.8% compounded ... (Read 78 times)

littleanan

  • Hero Member
  • *****
  • Posts: 575
on: Jun 6, 2019

Question 1

Determine the nominal rate of interest if the periodic rate is 1.75% per quarter.
◦ 5.25%
◦ 7%
◦ 3.5%
◦ 1.75%
◦ 21%

Question 2

Albert made investments of $1000 each for two years. The first one at an interest of 4.8% compounded monthly and the second at 4.9% compounded annually. Calculate the total value of his investment in two years.
◦ $1100.40
◦ $2200.95
◦ $2000
◦ $2100.55
◦ $1100.55
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 littleanan on Jun 6, 2019

chem1s3

  • Sr. Member
  • ****
  • Posts: 320
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 25% of students answer this correctly


littleanan

  • Hero Member
  • *****
  • Posts: 575
Reply #2 on: Jun 6, 2019
Thanks


chem1s3

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jun 6, 2019
Welcome :)


« previous next »
 

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Blood is approximately twice as thick as water because of the cells and other components found in it.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Toddler: 1–3 years. Toddler: 1–3 years.
Agriculture in 10,000 years ago Agriculture in 10,000 years ago
Structure of a Sterol Rather than being made from fatty acids Structure of a Sterol Rather than being made from fatty acids
What principal will earn $77.14 interest at 6.65% p. What principal will earn $77.14 interest at 6.65% p.
Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ... Find the proceeds of the following promissory note. A five-year, $4500.00 note bearing interest ...
Determine m​, ​n, and i for money invested at 3.6​% compounded semi-annually for 3.5 ... Determine m​, ​n, and i for money invested at 3.6​% compounded semi-annually for 3.5 ...
Video: Optic Nerve and Optic Disk Animation (Part 1 of 2)

For a complete list of videos, visit our video library