举一反三
- Centre Bank pays 2.5 percent interest, compounded annually, on its savings accounts. Country Bank pays 2.5 percent simple interest on its savings accounts. You want to deposit sufficient funds today so that you will have $1,500 in your account 2 years from today. The amount you must deposit today:
- Alpha Bank pays interest of 4 percent compoundedannually. Beta Bank pays 4 percent simple interest. Whichone of the following statements is true if you invest $1,000 in each bank forfive years?
- Your bank account pays a nominal interest rate of 6 percent, but interest is compounded daily (on a 365-day basis). Your plan is to deposit $500 in the account today. You also plan to deposit $1,000 in the account at the end of each of the next three years. How much will you have in the account at the end of three years, after making your final deposit? ( ) A: $3,500 B: $3,164 C: $2,591 D: $3,788 E: $3,779
- You want to have $35,000 in cash to buy a car 4 years from today. You expect to earn 8 percent, compounded annually, on your savings. How much do you need to deposit today if this is the only money you save for this purpose?
- You want to have $30,000 saved 5 years from now to buy a house. How much less do you have to deposit today to reach this goal if you can earn 3.5 percent rather than 2.5 percent on your savings? Today's deposit is the only deposit you will make to this savings account. A: 1256.43 B: 891.18 C: 1124.6 D: 1219.02
内容
- 0
If you need to save up $8,000 in your account by the end of 9 months, and interest is 3% per annum simple interest, how much should you deposit today? A: 8,000/[1+0.03x(9/12)] B: 10,000/[1+0.03x(9/12)] C: 8,000/[0.03x(9/12)] D: 8,000/[0.03x(9/12)]
- 1
You have $5,000 you want to invest for the next 45 years. You are offered an investment plan that will pay you 6 percent per year for the next 15 years and 10 percent per year for the last 30 years. How much will you have at the end of the 45 years? How much will you have if the investment plan pays you 10 percent per year for the first 15 years and 6 percent per year for the next 30 years?
- 2
Ben invested $5,000 twenty years ago with an insurance company that has paid him 5 percent simple interest on his funds. Charles invested $5,000 twenty years ago in a fund that has paid him 5 percent interest, compounded annually. How much more interest has Charles earned than Ben over the past 20 years?
- 3
Because you don't earn much interest in a transaction account, it is the best account to use if you want to save money.
- 4
If you want to save up $60,000 in your account at the end of 3 years, and the compound interest rate is 6% per annum, how much should you deposit today? A: 10,000 / (1+0.06)3 B: 60,000 x (1+0.06)3 C: 60,000 / (1+0.06)3 D: 10,000 / (1+0.06)2