Suppose you have $2,000 and plan to purchase a 10-year certificate of deposit (CD) that pays 11.1% interest, compounded annually. How much will you have when the CD matures?
A. $7,105.46
B. $5,730.21
C. $6,818.95
D. $6,303.23
E. $4,526.87
Answer: B
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A. updated product B. restructured product C. revamped product D. modernized product E. new product
The decision to accept additional business should be based on a comparison of the incremental costs of the added production with the additional revenues to be received.
Answer the following statement true (T) or false (F)
Given a current spot rate of 8.10 Norwegian krone per U.S. dollar, expected inflation rates of 6% in Norway and 3% per annum in the U.S.,
use the formula for relative purchasing power parity to estimate the one-year spot rate of krone per dollar. A) 7.87 krone per dollar B) 8.10 krone per dollar C) 8.34 krone per dollar D) There is not enough information to answer this question.
Information systems can be bought, whereas information technology cannot be bought
Indicate whether the statement is true or false