Mira has saved $25,000 over the years and she has the option of investing it in either of the two investment plans. Investment A offers 12 percent interest compounded monthly, whereas Investment B pays 13 percent interest compounded semiannually. The difference between the future values of the two investments if Mira's investment horizon is seven years is closest to: The second is 60,371.86 the first is 57,668.07
(A) $4,204.52
(B) $3,577.87
(C) $1,152.34
(D) $2,703.79
(E) $3,250.22
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Mira has saved $25,000 over the years and she has the option of investing it in either of the two investment plans. Investment A offers 12 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Assume that the variables I, N, and PV represent the interest rate, investment or deposit period, and present value of the amount deposited or invested, respectively.
Answers (1)
Henry has attempted to jog 4 days a week for several months but has not been successful; however, he continues to express desire to run 4 days a week. henry is in which stage of the stages of behavioral change
Answers (1)
when a product owner adds a new feature in the backlog and brings it up for discussion during refinement session, how should a team respond?
Answers (1)
A company has determined that its optimal capital structure consists of 43 percent debt and the rest is equity. Given the following information, calculate the firm's weighted average cost of capital. kd = 7.0 %Tax rate = 35 %P0 = $ 28.86 Growth = 4.
Answers (1)
Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 149 Units in beginning inventory 100 Units produced 1,230 Units sold 1,070 Units in ending inventory 260
Answers (2)
New Questions in Business
Once risks have been identified, how can they be managed?
Answers (1)
The arnold fertilizer company's stock is selling for $55 in the market and its earnings per share is $5. the company is projected to grow at a rate of 22% over the next year. what is this company's price/earnings to growth (peg ratio?
Answers (1)
Strong company applies overhead based on machine hours. at the beginning of 20x1, the company estimated that manufacturing overhead would be $500,000, and machine hours would total 20,000.
Answers (1)
The last 50 years of declining productivity of the commercial fish populations off the northeast coast of north america reveal the impact of
Answers (1)
Which of these is NOT one of the items that can provide useful assistance to a project team to define the activities of a project? a. the major milestones from the Project Charter b. schedules from similar, previous projects c. issue logs d.
Answers (1)