Describe compounding or discounting that is done more often than annually.
Answer to relevant QuestionsWhat is usury, and how does it relate to the cost of consumer credit? Find the future value (FV) one year from now of a $7,000 investment at a 3 percent annual compound interest rate. Also calculate the future value if the investment is made for two years. Determine the future value (FV) at the end of two years of an investment of $3,000 made now and an additional $3,000 made one year from now if the compound annual interest rate is 4 percent. Use a financial calculator or computer software program to answer the following questions: a. What would be the future value (FV) of $7,455 invested annually for nine years beginning one year from now if the annual interest ...Can bonds be purchased only by large institutional investors? Explain.
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