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1. First simple bank pays 9.4 percent simple interest on its investment accounts. First complex Bank pays interest on its accounts compounded annually. What rate should the bamk set if it wants to match First Simple Bank over an investment horizon of 14 years?

2. "An annuity provides for 13 consecutive end-of-year payment of $56,000 in actual dollars. The general inflation rate is 1% annually, and the inflation-free interest rate is 4.7% annually. What is the present value of the annuity after considering the effects of inflation?"

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92744399

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