1 the amount of a loan is 15000 that expires in 12 months, Ask an Expert

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1. The amount of a loan is $ 15,000 that expires in 12 months at a rate of 16%, Calculate its value considering each case independently

a) The present day

b) one year and 26 days

c) 8 months

d) 5 months and 18 days

e)15 months.

2. You are considering the following investments:

A. Bank A promises to pay 8% on your deposit compounded annually.

B. Bank B promises to pay 8% on your deposit compounded daily.

C. Bank C promises to pay 8% on your deposit compounded continuously.

How much will you have in ten years if you invested $200 in each of these accounts today?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92639145

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