Your have $5200 to deposit. Regency bank offers 9 percent per year compounded monthly(.75 percent per...
Homework Answers
Answer - Regency bank = $26117.72 ; King bank = $24529.03
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Your have $5200 to deposit. Regency bank offers 9 percent per year compounded monthly(.75 percent per...
You have $5,100 to deposit. Regency Bank offers 12 percent per year compounded monthly (1.0 percent...
You have $5,100 to deposit. Regency Bank offers 12 percent per year compounded monthly (1.0 percent per month), while King Bank offers 12 percent but will only compound annually.How much will your investment be worth in 18 years at each Bank? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Investment value Regency Bank $ King Bank $
Calculating Future Values. You have $7,000 to deposit. Regency Bank offers 12 percent per year compounded...
Calculating Future Values. You have $7,000 to deposit. Regency Bank offers 12 percent per year compounded monthly (1 percent per month), while King Bank offers 12 percent but will only compound annually. How much will your investment be worth in 20 years at each bank?
You have $5,800 to deposit Regency Bank offers 12 percent per year compounded monthiy (1 percent...
You have $5,800 to deposit Regency Bank offers 12 percent per year compounded monthiy (1 percent per month), while King Bank offers 12 percent but will only compound annually. How much will your investment be worth in 20 years at each bank? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) points eBook Regency Bank King Bank
answer the problem solving under investment management? Problem 9 Find the future value of a 4-year...
answer the problem solving under investment management? Problem 9 Find the future value of a 4-year annuity due of $400 at 6%. The answer is: Problem 10 Calculate simple interest and compound interest assuming that principal amount is. 10,000; interest rate is 9% for three years. What is the amount different between compound and simple interest? The answer is: Problem 11 You are scheduled to receive 13,000 in two years. When you receive it, you will invest it for six...
You have $100,000 to invest into a bank. Bank A offers 17% compounded monthly. Bank B offers...
You have $100,000 to invest into a bank. Bank A offers 17% compounded monthly. Bank B offers 16.5% compounded quarterly. How much more money will you have in Bank A after two years?
A local bank’s website offers an 18 month certificate of deposit for 1.95% interest compounded monthly,...
A local bank’s website offers an 18 month certificate of deposit for 1.95% interest compounded monthly, 1.99% APY. Is this bank violating the Truth in Lending Act? What is the effective interest rate for a nominal interest rate of 9.49%, compounded daily?
For retirement planning, you decided to deposit $1,000 per month and increase your deposit by $100...
For retirement planning, you decided to deposit $1,000 per month and increase your deposit by $100 per month. How much will you have at the end of 10 years if the bank pays 3% annually, compounded monthly?
please show work!! Your bank offers 3-year certificates of deposit with a stated rate of interest...
please show work!!
Your bank offers 3-year certificates of deposit with a stated rate of interest of 12% p.a., compounded quarterly. Your cousin (who works at Acme Bank and Trust, a competitor) wants to know what stated rate of interest you would require from them in order to switch your business to their bank. Acme's CD's are compounded on a monthly basis. What is the minimum stated interest rate you should ask for from Acme in order to make you...
please show work!! Your bank offers 3-year certificates of deposit with a stated rate of interest of 12% p.a, comp...
please show work!!
Your bank offers 3-year certificates of deposit with a stated rate of interest of 12% p.a, compounded quarterly. Your cousin (who works at Acme Bank and Trust, a competitor) wants to know what stated rate of interest you would require from them in order to switch your business to their bank. Acme's CD's are compounded on a monthly basis. What is the minimum stated interest rate you should ask for from Acme in order to make you...
You have found three investment choices for a one-year deposit: 11% APR compounded monthly, 12% APR...
You have found three investment choices for a one-year deposit: 11% APR compounded monthly, 12% APR compounded annually, and 9% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.) For the case of 11% APR compounded monthly the EAR IS %. (Round to three decimal places.) For the case of 12% APR compounded annually the EARS %. (Round to three decimal places.) For the case of 9% APR compounded daily...
Calculating Future Values. You have $7,000 to deposit. Regency Bank offers 12 percent per year compounded monthly (1 percent per month), while King Bank offers 12 percent but will only compound annually. How much will your investment be worth in 20 years at each bank?
You have $5,800 to deposit Regency Bank offers 12 percent per year compounded monthiy (1 percent per month), while King Bank offers 12 percent but will only compound annually. How much will your investment be worth in 20 years at each bank? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) points eBook Regency Bank King Bank
please show work!!
Your bank offers 3-year certificates of deposit with a stated rate of interest of 12% p.a., compounded quarterly. Your cousin (who works at Acme Bank and Trust, a competitor) wants to know what stated rate of interest you would require from them in order to switch your business to their bank. Acme's CD's are compounded on a monthly basis. What is the minimum stated interest rate you should ask for from Acme in order to make you...
please show work!!
Your bank offers 3-year certificates of deposit with a stated rate of interest of 12% p.a, compounded quarterly. Your cousin (who works at Acme Bank and Trust, a competitor) wants to know what stated rate of interest you would require from them in order to switch your business to their bank. Acme's CD's are compounded on a monthly basis. What is the minimum stated interest rate you should ask for from Acme in order to make you...
You have found three investment choices for a one-year deposit: 11% APR compounded monthly, 12% APR compounded annually, and 9% APR compounded daily. Compute the EAR for each investment choice. (Assume that there are 365 days in the year.) For the case of 11% APR compounded monthly the EAR IS %. (Round to three decimal places.) For the case of 12% APR compounded annually the EARS %. (Round to three decimal places.) For the case of 9% APR compounded daily...
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