Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1) stella deposits $5,000 in a savings account at a bank that offers interest of 5.2% on such accounts. What is the value of the
1) stella deposits $5,000 in a savings account at a bank that offers interest of 5.2% on such accounts. What is the value of the money in her savings account im one years time?
A) 7,364
B) 260
C) 5260
D) 4753
2) Stella places a market order with her broker to buy 1000 shared of OneWorld Corp. The broker buys 100 shares at $15.50 each, and sells them to Stella at $15.86 each. He also charges a commission of $12.00. What is bid-ask spread in this?
A) 128
B) 172
C)224
D) 160
3) Owen expects to receive $21,000 at the end of next year from a trust fund. If a bank loans money at an interest rate if 7.2% how much money can he borrow from the bank on the basis of this information?
A) 22,512
B)1,512
C)9,795
D) 19,590
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started