The future value and present value equations also help in finding the interest rate and the number of years that correspond to present and future value calculations.
If a security currently worth $12,800 will be worth $16,843.93 seven years in the future, what is the implied interest rate the investor will earn on the security—assuming that no additional deposits or withdrawals are made?
a. 7.60%
b. 3.20%
c. 4.00%
d. 0.19%
If an investment of $40,000 is earning an interest rate of 4.00%, compounded annually, then it will take for this investment to reach a value of $53,679.69—assuming that no additional deposits or withdrawals are made during this time.
Which of the following statements is true—assuming that no additional deposits or withdrawals are made?
a. It takes 10.50 years for $500 to double if invested at an annual rate of 5%.
b. It takes 14.21 years for $500 to double if invested at an annual rate of 5%.
Answers: 3
Business, 21.06.2019 23:00
What is overdraft protection (odp)? a.) a cheap and easy way to always avoid overdrawing a bank account b.) a service to automatically transfer available funds from a linked account to cover purchases, prevent returned checks and declined items when you don’t have enough money in your checking account at the time of the transaction. c.) an insurance policy sold by banks to prevent others from withdrawing your money d.) a service provided by the government that insures individuals bank deposits up to $250,000
Answers: 2
Business, 22.06.2019 14:30
Which of the following is an example of a positive externality? a. promoting generic drugs would benefit people. b. a lower inflation rate would benefit most consumers. c. compulsory flu shots for all students prevents the spread of illness in the general public. d. singapore has adopted a comprehensive savings plan for all workers known as the central provident fund.
Answers: 1
Business, 22.06.2019 17:10
Calculate riverside’s financial ratios for 2014. assume that riverside had $1,000,000 in lease payments and $1,400,000 in debt principal repayments in 2014. (hint: use the book discussion to identify the applicable ratios.)
Answers: 3
Business, 23.06.2019 00:20
E11-2 (multiple choice) identify the best answer for each of the following: which of the following statements about internal service fund liabilities is false? internal service funds may report both current and long-term liabilities. internal service funds may not issue bonds for financing purposes. internal service funds may report contingent liabilities. due to other funds would be reported as a current liability
Answers: 3
The future value and present value equations also help in finding the interest rate and the number o...
Mathematics, 23.04.2020 00:54
English, 23.04.2020 00:54
Mathematics, 23.04.2020 00:54
Chemistry, 23.04.2020 00:54
English, 23.04.2020 00:54
Physics, 23.04.2020 00:54
Biology, 23.04.2020 00:54
English, 23.04.2020 00:54
Social Studies, 23.04.2020 00:54
Biology, 23.04.2020 00:54
Social Studies, 23.04.2020 00:54
Mathematics, 23.04.2020 00:54
Geography, 23.04.2020 00:54