You deposit $100 in a bank for a fixed 7 year term. Interest on the deposit is calculated every half-year (m = 2 ) at the rate of 5% per half-year (i/m = 5%). Because the term is fixed, you are not allowed to withdraw interest at any point
You earn interest in the final compounding period of the term. How much of that interest is earned off of earlier interest (as opposed to earned off of the principal)?
A) $4.43
B) $9.43
C) $4.90
D) $5.00
E) $9.90
A
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Which of the following statements is true concerning the fraud risk model?
a. Assessing incentive is the first phase of the model. b. The fraud risk model should be reviewed with the audit team. c. The fraud risk model should be modified based on a review of internal controls. d. Auditors do not use a fraud risk model.
A ________ process recognizes the value of returning to an earlier stage to make improvements before moving forward
A) spiral development B) reactive development C) market testing D) proactive development E) concept testing
What would a utilitarian consider to be the ultimate goal of an ethical decision?
a. benefiting their in-group b. creating the most good in the world c. bringing about equality of income d. doing no harm to any party or individual
Most states require that an unemployed worker applying for unemployment compensation should ________
A) have quit voluntarily B) have been fired because of poor performance on the job C) not have committed any illegal act in his life D) not have been fired for just cause