What nominal annual rate of interest must they earn

Assignment Help Financial Management

Reference no: EM131964607

Naihui and Haiyan deposit $250 into their joint account at the end of each month. They want to have a total of $12,000 in their account after 40 months:

a. What monthly rate of interest must they earn?

b. What nominal annual rate of interest must they earn?

c. What effective annual rate of interest must they earn?

Reference no: EM131964607

Questions Cloud

Describe the significance of the identified issue : Develop a 8 page proposal for an action research project you will conduct with a real life/hypothesized organization of your choice (your client).

How would you prioritize which nation to expand distribution : How would you prioritize which nations to expand distribution into if you were working for a major Hollywood movie studio?

Strategy for remaking the organization : Apply Kotter's 8-step model of change, to the United organization - what would be your strategy for remaking the organization? Be as specific as you can.

Advise michelle whether or not the law can assist her : Business Law PACC 6009 - Advise Michelle whether or not the law can assist her to have Wayne remain responsible to pay his $250,000 share and if so, how

What nominal annual rate of interest must they earn : What monthly rate of interest must they earn? What nominal annual rate of interest must they earn?

What barrier exist in your play recreation and leisure today : What barriers exist in your play, recreation, and leisure today? What were the biggest barriers to your play, recreation in your 20's, 30's, 40's, and 50's?

Analyze the need for an additional role : Analyze the need for an additional role. Then, propose a new role and its proposed impact. Use at least four (4) quality academic (peer-reviewed) resources.

Some of the main reasons why erp implementations fail : Based on your readings and other research what are some of the main reasons why ERP implementations fail?

Discuss about the hazard communication program : HCS requires employers to __________ a written hazard communication program for the workplace. maintain, develop, and implement.

User Account

All Pages