What is the difference in values at the end of five years

Reference no: EM13295570

Old bank offers to pay 6% interest, compounded annually. New bank, to be competitive, offers 6% interest, compounded, monthly. If you buy from each bank a five year, $1,000 certificate of deposit, with all interest compounded, what is the difference in values at the end of five yeas.

Reference no: EM13295570

Questions Cloud

Obtain the phase angle between the current and the voltage : A 80.0 Hz generator with an rms voltage of 150 V is connected in series to a 3.20 k ohm resistor and a 3.50 micro farad capacitor. Find the phase angle between the current and the voltage

What must the nominal interest rates be on the second option : What must the nominal interest rates be on the second and third options to make all the investments earn the same yield?

At what speed will you move back toward the station : You took a job as a space station scientist. On a spacewalk you get separated from the station. At what speed will you move back toward the station

Explain delta u for the reversible isothermal expansion : Find delta s, q,w, and delta u for the reversible isothermal expansion of 3.000mol of argon (assumed ideal) from a volume of 100.0L to a volume of 500.0L at 298.15K

What is the difference in values at the end of five years : If you buy from each bank a five year, $1,000 certificate of deposit, with all interest compounded, what is the difference in values at the end of five yeas.

Determine what would the resistance of the fish be : If the eels bio-battery was charged to 500Vand it was constant for 20 ms before dropping down to 0, what would the resistance of the fish be, the energy delivered to the fish, and the average electric field( magnitude) in the fish's flesh.

Evaluate the initial speed of the bullet : A 4-g bullet is fired into a 1.4-kg block that is resting on a table. After impact, What was the initial speed of the bullet?

What is one year interest rate expected one year from now : Suppose we observe the following rates: 1R1=8%, 1R2=10%. If the unbiased expectations theory of the term structure of interest rate holds, what is the one year interest rate expected one year from now.

Explain what is being oxidized and what is being reduced : What is being oxidized and what is being reduced: feso4 + k2cr2o7 + h2so4 = cr2(so4)3 + fe2(so4)3 +h2o + k2so4

User Account

All Pages