You have two options 1) invest $ 1,000 at 5% simple interest for two years or 2) invest $ 900 for two years at 5% compounded annually. What is the total amount of interest to be received under each scenario?
A) 1 - $ 100; 2 - $ 90
B) 1 - $ 102.50; 2 - $ 92.25
C) 1 - $ 102.50; 2 - $ 90
D) 1 - $ 100; 2 - $ 92.25
Correct Answer:
Verified
Q23: The value in use calculation for an
Q24: Simple interest is calculated by
A) principal x
Q25: If the bond's contractual rate is 10%
Q26: You have a target of having $
Q27: The present value of a note payable
Q29: You decided to borrow $ 2,000 for
Q30: Value in use of an asset involves
Q31: Given an interest rate of 4%, what
Q32: The application of present value concepts includes
Q33: You're planning a trip to Europe three
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents