On January 1, 2019, Bank Dhofar issued CD in Muscat Securities Market which will mature on October
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Question:
On January 1, 2019, Bank Dhofar issued CD in Muscat Securities Market which will mature on October 30, 2019. The CD pays a 7 % interest rate. Calculate the interest earned on this CD with a face value of 100000. Assume all month to be of 30 days.
A) 5753.424
B) 6260.274
C) 7260.274
D) 8260.274
E) None
Related Book For
Introduction to Econometrics
ISBN: 978-0133595420
3rd edition
Authors: James H. Stock, Mark W. Watson
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