Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

problem: Assume you have $2,000 & plan to buy a three year certificate of deposit (CD) that pays 4% interest, compounded yearly. How much will you have when the CD matures?

[A] $2,249.73

[B] $2,011.87

[C] $2,324.89

[D] $2,591.45

[E] $2,854.13

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M921191

Have any Question? 


Related Questions in Basic Finance

Questionhypothesis testing for two populationscaption labor

Question: Hypothesis Testing for Two Populations Caption : Labor negotiations have reared their ugly head again! TNH Industry Human Resources department is concerned about the perception of the hours worked per week at t ...

Income statement retained earnings and balance sheet for

Income Statement, Retained Earnings, and Balance Sheet for Dickens Corp. Dickens Corp.'s fiscal year ends on December 31. It started fiscal year 20X6 with $4,800 retained earnings. Below is its financial information as o ...

Defend the following statement once an innovation appears

Defend the following statement: Once an innovation appears, it will remain even after the impetus for its development disappears. Give an example.

Explain why monetary policymakers actions in cutting the

Explain why monetary policymakers' actions in cutting the Federal Funds rate to almost zero were not sufficient to boost economic activity during the recession of 2007-2009.

It computers purchased computer chips from computech a

IT computers purchased computer chips from computech, a French electronics and was billed FF250 million payable in three months. Currently the spot exchange rate is FF100/$ and the three months money market interest rate ...

John won a 75 million lottery today the payout is the

John won a $75 million lottery today. The payout is the following: John gets $2.5 million todayand $2.5 million each year for the next 29 years. How much money worth today for the lottery assuming federal tax rate is 39. ...

1downward motors has offered vicki either a 2000 rebate or

1. Downward motors has offered Vicki either a $2000 rebate or a 2%, 4-year loan on the new SUV she is purchasing for $33,000 with a $3,000 down payment. Vicki has done her homework and knows that she can get a 6%, 4-year ...

Assignment 1 full disclosure in financial reporting-verizon

Assignment 1: Full Disclosure in Financial Reporting-Verizon Communications According to the textbook, the goal of financial reporting is to report financial information that is transparent and complete and truthfully re ...

Throughout this course you will prepare a comprehensive

Throughout this course, you will prepare a comprehensive financial analysis and proposal (excluding tables, figures, and addenda) that will demonstrate your understanding of key financial concepts, strategies, and practi ...

1 you purchase a condo in new albany ohio for 250000 make

1. You purchase a condo in New Albany, Ohio for $250,000, make a down payment of $20,000, and finance the balance over 20 years with monthly payments and APR of 6.65% (compounded monthly), how much interest will you pay ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate