What will the final sum be

Reference no: EM131482093

Question: 1. If £525 is invested in a deposit account that pays 6% interest for 6 years, what will the final sum be?

2. What will £24,000 invested at 11% be worth at the end of 5 years?

3. Interest rates are expected to be 10% for the next 3 years and then to fall to 8% for the following 3 years. How much will an investment of £3,000 be worth at the end of 6 years?

Reference no: EM131482093

Questions Cloud

Performance management system-discussed as an ideal system : Consider Tractor's, Inc. performance management system in light of what we have discussed as an ideal system

Explain a current issue being debated about american economy : Identify a current issue being debated about the American economy. Explain two competing solutions to this problem. Evaluate which one is preferable.

Decision-making flow chart process : As an educational leader, develop a visual illustration involving a flow chart of your decision-making process.

Demand offers real-time high-performance computing services : CPU-on-Demand (CPUD) offers real-time high-performance computing services.

What will the final sum be : If £525 is invested in a deposit account that pays 6% interest for 6 years, what will the final sum be?

What factors are necessary for interest group formation : What factors are necessary for interest group formation? Compare the reasons for and against greater limit on interest group participation in political process.

Discuss the monthly interest rate : A sum of £450,000 is invested at a monthly interest rate of 0.6%. What will the final sum be after 18 months? What is the corresponding AER?

Leader who demonstrates considerable personal charisma : You are one of the lucky people who work with a leader who demonstrates considerable personal charisma.

Collaborative nature of supply chains : How well are employees trained to understand the collaborative nature of supply chains?

User Account

All Pages