Sunday
September 21, 2014

Homework Help: Economics

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

First Name:
School Subject:
Answer:

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 ...
economics - Suppose Caroline is a cinephile and buys only movie tickets. ...
eco - Suppose a person pays $80 of annual interest on a loan that has a 5 ...
matlab - One bank pays 5.5 percent annual interest, while a second bank pays 4.5...
math - Please someone show me how to work this one out? Suppose Caroline is a ...

Search
Members