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How much interest is earned in just the 48th year on a $50 deposit that earns 5% interest compounded annually? $26.0 OA. O B. $24.8
How much interest is earned in just the 48th year on a $50 deposit that earns 5% interest compounded annually? $26.0 OA. O B. $24.8 OC. $22.7 OD. $2.50 The sum of $1,000 is deposited into an account paying 10% annually. If $500 is withdrawn at the end of year 1 and 5300 is withdrawn at the end of year 2. how much then remains in the account? O A 5360 OB. $1210 OC $500 OD 5200 If the interest rate is 8%, which of these investments would you prefer? O A. A payment of $40 a year for 20 years O B. A perpetuity of $40 a year A single payment of $600 in year 3 . OD. A payment of $342.17 today How much more is a perpetuity of $1.000 worth than an annuity of the same amount for 25 years? Assume an interest rate of 15% and cash flows at the end of each period? $202.52 $303.57 OB oc $573.91 OD. $652.21
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