Which column (i) and row (n) would you use from a present value or future value table for 8% interest compounded quarterly for 6 years?
A) (i) = 2%, (n) = 8
B) (i) = 8%, (n) = 6
C) (i) = 2%, (n) = 24
D) (i) = 4%, (n) = 12
E) (i) = 4%, (n) = 24
C) (i) = 2%, (n) = 24
Explanation: (i) = 8% annual interest rate divided by 4 = 2% quarterly rate.
(n) = 6 years × 4 quarters per year = 24 quarterly periods.
You might also like to view...
The knowledge needed to generate innovation cannot be easily learned from a textbook.
Answer the following statement true (T) or false (F)
Poder Inc. is considering a project that has the following cash flow data. What is the project's payback? Year0 1 2 3 Cash flows?$750 $300 $325 $350
A. 1.91 years B. 2.12 years C. 2.36 years D. 2.59 years E. 2.85 years
A . What are the basic requirements of a writing within the statute of frauds in Article 2 of the UCC? b. In what three cases does Article 2 of the UCC permit an oral contract?
____________________ are choices you make when faced with a set of options or alternatives.
Fill in the blank(s) with the appropriate word(s).