Business, 18.10.2019 22:00 emileep13

Mira has saved $25,000 over the years and she has the option of investing it in either of the two investment plans. investment a offers 12 percent interest compounded monthly, whereas investment b pays 13 percent interest compounded semiannually. the difference between the future values of the two investments if mira's investment horizon is seven years is closest to: the second is 60,371.86 the first is 57,668.07

(a) $4,204.52
(b) $3,577.87
(c) $1,152.34
(d) $2,703.79
(e) $3,250.22

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 11:40

Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x,y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.

Answers: 3

Answer

Business, 22.06.2019 14:20

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?

Answers: 3

Answer

Business, 22.06.2019 23:00

Consider a consumer who is contemplating a new automobile purchase. she has narrowed her decision down to two brands, honda accord and ford taurus. she has identified gas mileage, price, warranty, and styling to be important attributes to consider in her decision

Answers: 1

Answer

Business, 23.06.2019 01:10

Hillside issues $4,000,000 of 6%, 15-year bonds dated january 1, 2016, that pay interest semiannually on june 30 and december 31. the bonds are issued at a price of $4,895,980. required: 1. prepare the january 1, 2016, journal entry to record the bonds’ issuance

Answers: 3

Answer

You know the right answer?

Mira has saved $25,000 over the years and she has the option of investing it in either of the two in...

Questions