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Author Question: You plan to invest some money in a bank account. Which of the following banks provides you with the ... (Read 37 times)

krabuske

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on: Aug 7, 2023

Question 1

You plan to invest in securities that pay8.5%, compounded annually. If you invest $6,000 today, how many years will it take for your investment account to grow to $10,240.20?

◦

5.59


◦

7.10


◦

7.30


◦

6.55



Question 2

You plan to invest some money in a bank account. Which of the following banks provides you with the highest effective rate of interest?

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Bank 1:12.0% with monthly compounding


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Bank 2:12.0% with annual compounding


◦

Bank 3:12.0% with quarterly compounding


◦

Bank 4:12.0% with daily (365-day) compounding

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Marked as best answer by krabuske on Aug 7, 2023

Harsh06

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Reply #1 on: Aug 7, 2023
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.
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krabuske

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Reply 2 on: Aug 7, 2023
:D TYSM

nanny

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

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