Friday
August 1, 2014

Homework Help: Finance

Posted by Anonymous on Saturday, January 28, 2012 at 10:39pm.

. (TCO 3) Mark deposited $1,000 today, in an account that pays eight percent interest, compounded semi-annually. Which one of the following statements is correct concerning this investment? (Points : 3)
Mark will earn more interest in year 4 than he will in year 3.
Mark will receive equal interest payments every six months over the life of the investment.
Mark would have earned more interest if he had invested in an account paying 8 percent simple interest.
Mark would have earned more interest if he had invested in an account paying annual interest.
Mark will earn less and less interest each year over the life of the investment.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Finance - An investment pays 9 percent interest compounded semi-annually. What ...
Business Algebra - I need to know the formula for these questions and just how ...
math - Josephine deposited 8,000 in an account that pays 6% compounded annually...
Business Algebra - Part I: As a financial planner a client comes to you for ...
Math - Find the future value of $800 deposited at 5% for 2 years if the account ...
Algebra - Show how you substitute the values into the formula, then use your ...
Math - Please check my work, thank you If $7,800 is deposited into an account ...
finance - Today, Mark invested $5,000 into an account that guarantees 7.50% p.a...
finance - Today, Mark invested $5,000 into an account that guarantees 7.50% p.a...
Algebra - Greta invests $10,000 in an investment that pays 3% interest, ...

Search
Members