Suppose you put $100 into a savings account today, the account pays a nominal annual interest rate of 6 percent, but compounded semiannually, and you withdraw $100 after 6 months
What would your ending balance be 20 years after the initial $100 deposit was made?
A) $226.20
B) $115.35
C) $62.91
D) $9.50
E) $3.00
D
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Suppose the government grants a subsidy to domestic producers of an import-competing good. The subsidy tends to result in deadweight losses for the domestic economy in the form of the
a. consumption effect. b. redistribution effect. c. revenue effect. d. protective effect.
A summary of expected costs for a range of activity levels that is geared to changes in the level of productive output is the definition of a
A) continuous budget. B) flexible budget. C) master budget. D) period budget.
Denormalization might become necessary due to performance degradation
Indicate whether the statement is true or false
Mr. and Mrs. King's regular tax liability on their joint return was $479,580. Which of the following statements is true?
A. If the Kings' tentative minimum tax is $462,220, their total tax liability is $462,220. B. If the Kings' tentative minimum tax is $462,220, their total tax liability is $479,580. C. If the Kings' tentative minimum tax is $492,350; their total tax liability is $492,350. D. Both B and C are true.