Question: I need help in those 5 questions 1.). Indicate which of the following banks provides you with the best investment of interest? Choose between these
I need help in those 5 questions
1.). Indicate which of the following banks provides you with the best investment of interest? Choose between these alternatives, explain your answer.
a. Bank 1;8.6% with semiannually compounding.
b. Bank 2; 8.35% with monthly compounding.
c. Bank 3; 8%with daily compounding.
d. Bank 4; 8.75% with quarterly compounding.
e. Bank 5; 8.2% With continuous compounding
2.). EFG Corporations dividends per year were 250AED, and its monthly growth rate during the prior 10 years was five per cent. If that growth rate were maintained, estimate how many years would it take for ABC dividends to septuple.
3.) Compute the interest on the interest that is earned in an account by the end of 10 years if $300,000 is deposited and interest is 6% per year, compounded daily.
4.) If the interest rate is 10%, Estimate the initial value of a project that pays you $15,400 next year 16,940 the year after and $18,634 the year after that.
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