Posted by **mike** on Tuesday, April 19, 2011 at 3:55pm.

Suppose you deposit $5,000 in a bank which pays 10 percent interest compounded twice a year. The actual annual interest rate you receive is:

a- 10

b-11

c-10.25

d-12

## Answer This Question

## Related Questions

- Finance - You receive $12,000 and looking for a bank to deposit the funds. Bank ...
- Finance - You receive $12,000 and looking for a bank to deposit the funds. Bank ...
- math - You receive $12,000 and looking for a bank to deposit the funds. Bank A ...
- math - You receive $12,000 and looking for a bank to deposit the funds. Bank A ...
- Alg 2 - Suppose you deposit a principal amount of p dollars in a bank account ...
- Alg2 - Help....Help... Suppose you deposit a principal amount of p dollars in a ...
- eco - Suppose a person pays $80 of annual interest on a loan that has a 5 ...
- economics - Suppose Caroline is a cinephile and buys only movie tickets. ...
- pre calc - Formulate a system of equations for the situation below and solve. ...
- math - Suppose you deposit $350 in a bank account that pays 6% annual simple ...

More Related Questions