damaentan25022003 damaentan25022003

14-01-2023
Mathematics

Answered

A bank has launched a three-year structured deposit that offers an effective annual interest of 8% for the first 18 months, quarterly interest of 1.5% for the next 6 months and semi-annual interest of 2% for the last 12 months. If I wish to receive $100, 000 on the maturity date (that is, on the last day of the third year), how much, to the nearest dollar, should I invest? (Assume that interest rates and principal are guaranteed)

Answer :

Other Questions

Accounting department of “NERDS” company has 120,000 hours of work to complete for the next year.80,000 hours can be completed in the first 8 months, then the r

In planning her retirement, Liza deposits some money at 3.5% interest, with twice as much deposited at 4.5%. Find the amount deposited at each rate if the t

Simple Interest Example I Calculate the new value of the Sum of N1,500 Investment is alero micro finance bank at a simple rate of 15% per annum for 2 years.

Simple Interest Example I Calculate the new value of the Sum of N1,500 Investment is alero micro finance bank at a simple rate of 15% per annum for 2 yearshpugm

Arianys invests money in an account paying a simple interest of 3% per year. If m represents the amount of money she invests, which expression represents her ba

A sample of a radioactive isotope had an initial mass of 470 mg in the year 2000 and decays exponentially over time. A measurement in the year 2003 found that t

39 X 22 3 of 1 13 16 36 6 12 26 3

pls help me this is urgent A retailer received an invoice dated 7th June 2022 with trade discounts of 12% and 8% and cash discount terms of 7/10, 3/20, n/30. Th

he formula for the circumference of a circle is C = 2r, where r is the radius and C is the circumference. The equation solved for r is r = r equals StartFractio

Find the sum the first 5 terms of a G.P whose first term is 3 and its common ratio is 0.25 to 4s.f.