Which of the following savings accounts offers the greater return? Account A: an annual rate of 8.05%
Question:
Which of the following savings accounts offers the greater return?
Account A: an annual rate of 8.05% paid semi-annually
Account B: an annual rate of 7.95% paid monthly
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (13 reviews)
A 104025 108212 so th...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
Find the future value of $100 compounded continuously at an annual rate of 6% for 12 years.
-
Current annual consumption of energy is 78 billion units, and this is expected to rise at a fixed rate of 5.8% each year. The capacity of the industry to supply energy is currently 104 billion units....
-
An individual saves $5000 in a bank account at the beginning of each year for 10 years. No further savings or withdrawals are made from the account. Determine the total amount saved if the annual...
-
In a small university, the Computer Science Department has six faculty members. However, each faculty member belongs to only the computer science department. This type of relationship is called a....
-
Find an online Basic Metabolic Rate calculator and use it to determine your BMR.
-
Which of the following is not a requirement of analysis of variance? a. A comparison of three or more independent means b. Random sampling c. A normal distribution d. Ordinal data
-
26. In what situations do partners need to know the tax basis in their partnership interests?
-
Buhler Motor Company manufactures automobiles. During September 2012, the company purchased 5,000 head lamps at a cost of $10 per lamp. Buhler withdrew 4,650 lamps from the warehouse during the...
-
Find the amortization table for a $23,000 loan amortized over 3 years with semiannual payments if the interest rate is 7.5% per year compounded semiannually. (Round your answers to the nearest cent.)
-
Find the NPV and the IRR for the cash flows by hand, using a discount rate of 10 percent. Cash Flows ($) Year -845,000 450,000 365,000 300,000 140,000 4 -25,000 2. 3.
-
A principal, $7000, is invested at 9% interest for eight years. Determine its future value if the interest is compounded (a) annually (b) semi-annually (c) monthly (d) continuously
-
How long will it take for a sum of money to triple in value if invested at an annual rate of 3% compounded continuously?
-
Bennett Basketball sells a variety of basketballs and accessories. Information follows for Bennett Basketball's purchases and sales during February and March for Up-Snap, one of its top brands of...
-
In the introduction to "The Five Sexes," Anne Fausto-Sterling writes that she had to "invent conventions - s/he and his/her - to denote someone who is clearly neither male nor female or who is...
-
Select a product described as one of the "Biggest Product Flops" of 2019 that you will bring back to the market. To, you will need to engage in some research to understand why the product failed to...
-
Breaking the Bank Case Questions (video found at: http://www.pbs.org/wgbh/pages/frontline/breakingthebank/view/?utm_campaign=viewpage &utm_medium=grid&utm_source=grid) 1) To what extent were the...
-
Please answer in full and write legibly. Suppose Alice has taken 7 classes college, and her current GPA is 3.48 (assume for simplicity that all courses carry the same number of credits). Answer the...
-
F. Explain how to overcome two potential biases (e.g., prejudice, discrimination) using culturally competent strategies that will help improve stakeholder communication. G. Explain how to mitigate...
-
The U.S. Golf Association has instituted a ban on long and belly putters. This has caused a great deal of controversy among both amateur golfers and members of the Professional Golf Association...
-
Provide a few individual examples who revealed what aspects of emotional intelligence?
-
In roulette, the numbers from 1 to 36 are evenly divided between red and black. A player who bets $1 on black wins $1 (and gets the $1 bet back) if the ball comes to rest on black; otherwise (if the...
-
Repeat Problem 31 with the purchase of 10 tickets. Problem 31 One thousand raffle tickets are sold at $1 each. Three tickets will be drawn at random (without replacement), and each will pay $200....
-
Repeat Problem 31 with the purchase of 10 tickets. Problem 31 One thousand raffle tickets are sold at $1 each. Three tickets will be drawn at random (without replacement), and each will pay $200....
-
*please calculate irr in excel
-
Which of the following would not be a period cost? Research and development Direct materials Office supplies Advertising costs
-
\ table [ [ Activity Cost Pool,Activity Measure,Total Cost,Total Activity ] , [ Machining , Machine - hours,$ 3 3 0 , 0 0 0 , 1 5 , 0 0 0 MHs ] , [ Machine setups,Number of setups,$ 3 0 0 , 0 0 0 , 5...
Study smarter with the SolutionInn App