You read that inflation for the foreseeable future expected to average 6% a year. you are trying to accumulate funds to start a business, and so you take your excess earnings and a) put them in a box in your closet instead of a savings account because the bank is only paying 2% which is half the inflation rate. b) put them in a box in your closet instead of a savings account because the bank is only paying 4% which is only 2/3 of the inflation rate. c) put them in a box in your closet instead of a savings account because the bank is only paying 6% which just equals the inflation rate. d) put the money in a savings account regardless of the interest, because any positive rate will reduce the negative impact of inflation on the accumulated savings.

Chester has a credit score of 595 according to the following table his credit rating is considered to be which of these

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest.extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of

1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%