What is the interest rate earned on single deposit

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Reference no: EM131842150

1. What is the interest rate earned (assuming annual compounding) on a single deposit that grew from $250 to $502.84 over the last 5 years?

2. How much money will be accumulated in 10 years from a deposit of $500 every 6 months if the interest rate is 1% per month?

3. The current interest rate in the U.S. is 3.4% and in the Eurozone it is 1.3%. If the Spot rate is currently EURUSD 1.0612, what is the six-month Forward rate also expressed in EURUSD, that is, expressed in USD per EUR?

Reference no: EM131842150

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