Suppose you deposited $250 at the end of 2011,2012,2013 and 2014.How much would you have in your account on 1 January 2015,based on annual compounding of 8% by your bank?
A) $1025.25
B) $1235.53
C) $1183.53
D) $1126.53
Correct Answer:
Verified
Q6: If a term deposit paid an interest
Q7: A process by which,through the operation of
Q8: A principle that a dollar is worth
Q9: An annuity in which the first cash
Q10: The amount that corresponds to today's value
Q12: What will your investment be worth in
Q13: The rate of return can be shown
Q14: An annuity in which the first cash
Q15: You have $10 000 to invest.If you
Q16: Calculate the average annual rate of return
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents