You are considering an investment in a Third World 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 $450,000? Round fractional months up.
A. 47
B. 57
C. 67
D. 51
E. 70
Answer: B
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One Friday a few years ago, the Big Mac Index suggested that the yen was overvalued relative to the dollar by 70%
When currency markets opened on the following Monday, anyone using the Big Mac Index would conclude that the yen was only 20% overvalued relative to the dollar. What is the most likely explanation for this? A) Japan's Central Bank acted to prop up the yen. B) Inflation in Japan suddenly spiked upward. C) McDonald's headquarters stopped hedging. D) McDonald's Japan reduced the yen price of a Big Mac. E) McDonald's Japan increased the yen price of a Big Mac.
A balance sheet provides information at one specific point in time, while the other basic financial statements provide information on activities that occur over a period of time
a. True b. False Indicate whether the statement is true or false
Key functional strategies of a company include all of the following except
A. production and information technology and supply chain management strategies. B. human resource and finance strategies. C. alliance and partnerships as well as merger and acquisition growth strategies. D. sales, marketing, and distribution strategies. E. R&D, technology, and product design strategies.
The managerial task of effectively conveying the essence of the strategic vision is made easier by
A. adopting a catchy slogan and then using it repeatedly to illuminate the direction and purpose of "where we are headed and why." B. distributing written statements that explain "where we are going and why." C. combining the strategic vision and the company's values statement into a single document. D. having operating strategies that are easy for company personnel to understand and execute. E. waiting until the company realizes its mission and ensures the existing corporate culture is compatible with the new vision and direction.