Offering certificates of deposit yielding

Assignment Help Financial Management

Reference no: EM131459860

You are saving to buy a $235,000 house. There are two competing banks in your area, both offering certificates of deposit yielding 4.8 percent. How long will it take your inital $85,000 investment to reach the desired level at First Bank, which pays simple interest? How long at Second Bank, which compounds interest monthly?

Reference no: EM131459860

Questions Cloud

Loan is to be repaid in equal annual installments : This loan is to be repaid in equal annual installments at the end of each year over the next 7 years. How much will each annual payment be?

What is trade promotion : Cross-selling can be an effective way for a firm to expand. Locate an advertisement for a firm you believe could benefit from cross-selling.

Explain how these factors influence these differences : Explain how these factors influence these differences. Explain how your style of interpersonal communication exemplifies some of these differences.

If the net present value is positive : If the net present value is positive,? the internal rate of return exceeds the firm's cost of capital

Offering certificates of deposit yielding : You are saving to buy a $235,000 house. There are two competing banks in your area, both offering certificates of deposit yielding 4.8 percent.

Can authorities take my computer and search anything on it : If my child uses my computer to commit a crime, can the authorities take my computer and search anything on it, including my personal files and data?

Literature review about workflow : Discuss and Describe at least 11 literature resources relating to the "Workflow" project being carried out.

How much each individual gave during each service : Could you imagine how awkward it would be to have somebody sitting there counting how much each individual gave during each service?

The spot price of an investment asset : The spot price of an investment asset is $25 and the risk-free rate is 8%, 8.5% and 9.5% for one-year-, two-year- and three-year-maturity, respectively.

User Account

All Pages