Question: please help with these questions 1) What will be the maturity value of $10,000 placed in an 8 -month term deposit paying an interest rate
please help with these questions
1) What will be the maturity value of $10,000 placed in an 8 -month term deposit paying an interest rate of 6% per year? Hint: Is this a simple interest or compound interest calculation? 2) What will be the maturity value of $10,000 placed in an 8-month term deposit paying an interest rate of 6%, compounded monthly? 3) You have been offered an investment that earns 9% compounded monthly. What would be the minimum interest rate you would be willing to accept if the interest rate on a different investment compounded semiannually? (Equivalent interest rates)
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