You are considering investing in a European bank account that pays a nominal annual rate of 18%, compounded monthly. If you invest $5,000 at the beginning of each month, how many months would it take for your account to grow to $268,000? Round fractional months up.
a. 40
b. 36
c. 38
d. 34
e. 44
Answers: 2
Another question on Business
Business, 22.06.2019 12:30
True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product
Answers: 1
Business, 22.06.2019 14:30
Stella company sells only two products, product a and product b. product a product b total selling price $50 $30 variable cost per unit $20 $10 total fixed costs $2,110,000 stella sells two units of product a for each unit it sells of product b. stella faces a tax rate of 40%. stella desires a net afterminustax income of $54,000. the breakeven point in units would be
Answers: 3
Business, 22.06.2019 16:50
Andrea cujoli is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. currently the spot price for the japanese yen is ¥129.87/$ and the 6-month forward rate is ¥128.53/$. andrea would earn a higher rate of return by buying yen and a forward contract than if she had invested her money in 6-month us treasury securities at an annual rate of 2.50%. true/false?
Answers: 2
You know the right answer?
You are considering investing in a European bank account that pays a nominal annual rate of 18%, com...
Questions
English, 04.08.2019 08:30
Social Studies, 04.08.2019 08:30
Mathematics, 04.08.2019 08:30
Mathematics, 04.08.2019 08:30
History, 04.08.2019 08:30
History, 04.08.2019 08:30
Geography, 04.08.2019 08:30
English, 04.08.2019 08:30
Social Studies, 04.08.2019 08:30
English, 04.08.2019 08:30
