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

Author Question: You wish to deposit $7,000 in an account at the Shylock Bank. The bank pays interest at a nominal ... (Read 78 times)

BrownTown3

  • Hero Member
  • *****
  • Posts: 564
on: Apr 25, 2021

Question 1

You wish to deposit $7,000 in an account at the Shylock Bank. The bank pays interest at a nominal annual rate of 10% compounded monthly. What is the future value in the account after seven years?
◦ $14,055.44
◦ $13,975.47
◦ $13,641.02
◦ $13,336.23
◦ $14,726.68

Question 2

You wish to deposit $7,000 in an account at the Shylock Bank. The bank pays interest at a nominal annual rate of 10% compounded quarterly. What is the future value in the account after seven years?
◦ $13,975.47
◦ $13,641.02
◦ $13,336.23
◦ $14,726.68
◦ $14,055.44
Corporate Finance Online ¦ Eakins, McNally ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by BrownTown3 on Apr 25, 2021

tofugiraffe

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Apr 25, 2021
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


BrownTown3

  • Member
  • Posts: 564
Reply 2 on: Apr 25, 2021
YES! Correct, THANKS for helping me on my review

bdobbins

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Bank Bank
Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ... Nick buys a $25 000, 5.4% bond with quarterly interest coupons, 3 years before maturity, to ...
What principal will earn $77.14 interest at 6.65% p. What principal will earn $77.14 interest at 6.65% p.
The treasurer of a union proposes changing the method of compounding interest on premium ... The treasurer of a union proposes changing the method of compounding interest on premium ...
Video: Structures that affect circulation - heart and MABP

For a complete list of videos, visit our video library