Multiple Choice
Suppose you deposited $250 at the end of 2011,2012,2013 and 2014.How much would you have in your account on 1 January 2015,based on annual compounding of 8% by your bank?
A) $1025.25
B) $1235.53
C) $1183.53
D) $1126.53
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q36: You have a goal to raise $1000
Q37: The calculation that expresses the ratio of
Q38: An annuity in which the first cash
Q39: The distinguishing feature of an annuity due
Q40: What is the present value of $500
Q42: Calculate the present value of a government
Q43: An annuity in which the first cash
Q44: Assume that you will require $1000 in
Q45: You have borrowed $1000 from a friend
Q46: The nominal interest rate is difference between