Multiple Choice
If you receive $100 000 back as principal and interest at the end of the year for an initial investment of $93 456 at the start of the year,what interest has been earned on your investment?
A) 6.54%
B) 65.4%
C) 7.00%
D) 70.00%
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q54: Calculate the effective annual interest rate if
Q55: A finite stream of regular cash flows
Q56: What is the current price of an
Q57: The euromarkets,unlike those of the US,follow the
Q58: Calculate the effective annual interest rate if
Q60: If you invest _ to earn simple
Q61: The present value of an ordinary annuity
Q62: If you invest $1200 for two years
Q63: When a company discounts a commercial bill
Q64: Distinguish between an ordinary annuity and an