Compounding with different interest rates

Assignment Help Financial Management

Reference no: EM131461134

Compounding with Different Interest Rates A deposit of $790 earns interest rates of 10.9 percent in the first year and 7.9 percent in the second year. What would be the second year future value?

a) $876.82

b) $938.52

c) $1,728.52

d) $945.32

Reference no: EM131461134

Questions Cloud

What do you consider to be biggest challenge : What do you consider to be biggest challenge or largest obstacle that must be overcome? Would this challenge, or obstacle, be same for all international market?

What made slavery peculiar in the united states : What made slavery "peculiar" in the United States?

Discuss organizational guidelines and policies : Discuss organizational guidelines/policies that ensure a safe learning and working environment.

Important motive for the voyages of discovery : 1. Do you think that religion or economics was the more important motive for the voyages of discovery? Why?

Compounding with different interest rates : What would be the second year future value?

Explain understanding of being your own worst writing enemy : Explain your understanding of being your own worst writing enemy. Think up and share some specific strategies of being your own best critic.

Two pieces of evidence that von daniken : Describe TWO pieces of evidence that Von Daniken offers in support of his claim that humans were visited by extraterrestrials.

Why the spread must have a positive value now : Explain, using the fundamental principle, why the spread must have a positive value now.

Provide a descriptive analysis of student achievement : The effort to reward city students for passing Advanced Placement tests is part o f a growing trend nationally and internationally. Financial incentives are off

User Account

All Pages