If the annual interest rate is 6%, would you rather have: $500 now $700 at the end of five years 

If you invest $1000 in a bank paying an annual interest rate of 10% compounded annually, how long it would take to double the initial investment. 

Suppose you put $1000 into a bank account with an annual interest rate of 5%. What will be the account balance at the end of 10 years if the interest rate is compounded quarterly?

What is the value of a bond with a face value of $4000 that makes annual payments of $500 for 3 years at an annual discount rate of 6%? 

Answer rating: 100% (QA)

1 To determine whether you would rather have 500 now or 700 at the end of five years we need to compare their present values The present value of futu... View the full answer