Question
What is the future value of $500 that earns 3% with interest compounded semi-annually for 5 years? A. $580 B. $1,238 C. $713 D. $623
What is the future value of $500 that earns 3% with interest compounded semi-annually for 5 years?
A. $580
B. $1,238
C. $713
D. $623
A company borrows $10,000 from a bank. It is a 5-year amortized (equal payments) loan with an interest rate of 10%. How much principal will be paid in year 1?
A. $1,236
B. $804
C. $2,757
D. $1,638
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
