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 89 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?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Albert Bierstadt, Puget Sound on the Pacific Coast. Albert Bierstadt, Puget Sound on the Pacific Coast.
Review Cognitive Changes over the Adult Years Review Cognitive Changes over the Adult Years
Beverages Made Over Better Beverages Made Over Better
Pangaea 200 Million Years Ago Pangaea 200 Million Years Ago
Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ... Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ...
Determine the nominal annual rate of interest of the following ordinary general annuity. Determine the nominal annual rate of interest of the following ordinary general annuity.
Video: Gas exchange - driving force

For a complete list of videos, visit our video library