Multiple Choice
Assume that on 1 January 2011 you deposit $1000 into a savings account that pays 8% p.a.If the bank compounds interest quarterly,how much will you have in your account on 1 January 2014?
A) $1268.24
B) $1349.13
C) $1301.15
D) $1483.09
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q47: An individual borrowed $100 000 at a
Q48: You have borrowed $300 000 over 30
Q49: A process by which,through the operation of
Q50: Calculate the value of an investment at
Q51: Debt Ltd borrowed $100 000 from its
Q53: An individual is offered the sum of
Q54: Assume that on 1 January 2011 you
Q55: The rate of return can be shown
Q56: If you invest $47 000 for five
Q57: The amount that corresponds to today's value