Question: $1 is compounded semiannually for 5 years at 2% interest. How many periods will this result in? a)10 b)20 c)5 d)2

$1 is compounded semiannually for 5 years at 2% interest. How many periods will this result in?

a)10

b)20

c)5

d)2

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

SSUM(B2:B6) Profit 1 Year 2 2010 $100,000.000 3 2011 $105,000.000 4 2012 $100,000.000 5 2013 $110,000.000 6 Total 49. For which of the following reasons is cell B6 blank? (A) Nothing has been entered...

Q:

1. Assume that the Consumer Price Index rises from 80 in one year to 88 in the next year. What is the growth rate of inflation? a. 10% b. 20% c. 12% d. 6% 2. In an economy, 35 million workers are...

Q:

9. What's the future value of $1,500 after 5 years if the appropriate interest rate is 6%, compounded monthly?* a) $1,618.62 b) $1,699.55 c) $1,873.76 d) $2,023.27 e) None of the above 10. What's the...

Q:

Just Answers Need ASAP Find the future value of an annuity of $700 per year for 2 years if the interest rate is 9 T5. per cent. a. $1437.53 b. $1444.1 c. $1455.21 d. $1463 Find the present value of...

Q:

1. The accompanying notes relate to Brite Ltd's. Balance Sheet as at 31st March, 20X1: Notes $ in millions (1) Share Capital Approved : 20 crore portions of $10 each 20,000 Given and Subscribed : 10...

Q:

Multiple Choice Questions 1. The population of Ectenia is 100 people: 40 work fulltime, 20 work half-time but would prefer to work fulltime, 10 are looking for a job, 10 would like to work but are so...

Q:

1) At the beginning of the current year, Omar Company declared a 1 for 5 reverse stock split, when the market value per share was $10. Prior to the split, Omar had 100,000 shares issued and...

Q:

Hello! can you help explain why these are the answer choices? Thank you! [Questions 78] The demand for fresh strawberries is q = 200 5p and the supply is q = 60 + 2p. 4. What is the equilibrium...

Q:

A prospective buyer is contemplating whether to purchase an apartment which is currently available on the market for the price of $300,000. The Buyer and their partner had a thorough discussion which...

Q:

Q 1). Your Company is considering two projects, X and Y, whose costs and cash flows are shown below: Year X Y 0 ($1,000) ($1,000) 1 100 1,000 2 300 100 3 400 50 4 700 50 The projects are equally...

Q:

Pedro Martinez, who retired from Major League Baseball in 2012, had a stellar career, helping the Boston Red Sox to their first World Series title in 86 years in 2004. The next year he became a free...

Q:

On heating 1, 2, 4-butanetriol in the presence of an acid catalyst, cyclic ether of molecular formula C4H8O2 was obtained in 8188% yield. Suggest a reasonable structure for this product.

Q:

c . Assume that Yost is "cash poor" and needs to engage in a same - day sale in order to buy his shares. Due to his belief that the stock price is going to increase significantly, he wants to...

Q:

Without a marketing plan Group of answer choices business loans are easily obtained from banks. businesses are pushed into growing rapidly businesses face fewer and less serious risks potential...

Q:

How effective have these groups been in the past?

Q:

What are their reputations?

Q:

How serious a response is warranted to this situation?