Sunday
April 20, 2014

Homework Help: Finance

Posted by Krishneel on Wednesday, October 5, 2011 at 8:07am.

John deposited $1000 on 1st January 2011 in an account paying interest of 12% per annum compounded quaterly. He also deposited $800 (on 1st January 2011) in another account which pays 15% per annum effective interest. Find the time(n) when the two accounts will be equal value if the exact method is used for fractions of an interest period.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Finance - Joeli deposited $1000 on 1 January 2011 in an account paying interest ...
Finance - On January 1, 2011 you bought a two-year U.S. government bond with a ...
Finance - john deposited 3000 into an account with 5% annual interest rate ...
Math - On January 1, 2010, an investment was worth $1000. By the end of 2010 the...
finance - swh corporation issued bonds on january 1, 2004. The bonds had a ...
Trig - A population of animals oscillates annually from a low of 1300 on January...
Finance - In November and December 2011, Gee Company, a newly organized magazine...
Finance - It's January 1, 2011. Company XYZ wants to build a teddy bear factory...
Math - $500 was deposited in January @ 5% interest. $15 per week deposited all ...
University of Phoenix - inventory turnover ratio analysis for Dell Inc.FINANCIAL...

Search
Members