Second National Bank computes interest semiannually. If the annualized interest rate (APR) is currently 6 percent, the amount deposited today should be multiplied by which future value factor to calculate the amount that will accumulate by the end of 10 years?
A) 20 periods at 12 percent
B) 20 periods at 3 percent
C) 10 periods at 6 percent
D) 10 periods at 3 percent
B
You might also like to view...
Which depreciation method calculates annual depreciation expense based on the book value of the asset?
A) double-declining-balance method B) sum-of-the-years'-digits method C) inventory systems method D) group method
Alex, one of your worst employees, has come into work late once again. What type of power should you utilize in this situation?
a. reward b. connection c. referent d. coercive
When a form of the verb be is used alone, the word used to complete the meaning of the verb is called a modifier
Indicate whether the statement is true or false
Bailey recently moved to a new city and is trying to find a new mechanic to do maintenance and repair on her car. She visits several places to judge their overall appearance, cleanliness, and organization and finally chooses a mechanic. Bailey was trying to overcome the ____ aspect of services.
A. heterogeneity B. perishability C. customer contact D. intangibility E. inseparability