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Author Question: Which of the following options would you choose to invest your money in: I. 6% APR compounded yearly ... (Read 91 times)

burton19126

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Question 1

Find the salary in 2006 dollars that would be equivalent to a $100,000 salary in 2018. Assume an average annual inflation rate of 3.75% between 2006 and 2018. Round your answer to the nearest cent.
◦ $68,127.00
◦ $66,179.00
◦ $64,289.90
◦ $66,778.33
◦ $69,202.05

Question 2

Which of the following options would you choose to invest your money in:
I. 6% APR compounded yearly
II. 5.25% APR compounded monthly
III. 4.75% APR compounded continuously?
◦ II
◦ none of these
◦ III
◦ I
◦ I and III


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Marked as best answer by burton19126 on May 5, 2020

stanleka1

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burton19126

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Reply 2 on: May 5, 2020
Great answer, keep it coming :)


jackie

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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