举一反三
- Today, you deposit $2,400 in a bank account that pays 4 percent simple interest. How much interest will you earn over the next 5 years?
- 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:
- 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
- A security that pays $52.50 in one year and $110.25 in two years, with an interest rate of 5 percent, has a present value of
- With an interest rate of 10 percent, the present value of a security that pays $1,100 next year and $1,460 four years from now is approximately _________
内容
- 0
In which of the following situations would you prefer to be making a loan? A: The interest rate is 9 percent and the expected inflation rate is 7 percent. B: The interest rate is 4 percent and the expected inflation rate is 1 percent. C: The interest rate is 13 percent and the expected inflation rate is 15 percent. D: The interest rate is 25 percent and the expected inflation rate is 50 percent.
- 1
Western Bank offers you a $21,000, 9-year term loan at 8 percent annual interest. What is the amount of your annual loan payment?
- 2
Decide whether the following statements are true and false.1. A bank is a financial institution which deals with money transactions. In a bank, you can borrow money in the form of a bank loan, or you can put your money in a bank, in other words, deposit money.
- 3
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?
- 4
If the nominal interest rate per year is 10 percent and the inflation rate is 4 percent, what is the real rate of interest? A: 10.0 percent B: 4.1 percent C: 5.8 percent D: 14.0 percent