Question: .Sofbank is offering four accounts with different quotations. If you have $1000 to invest, what will be the balance in 17 years? account A:

.Sofbank is offering four accounts with different quotations. If you have $1000 to invest, what will be the balance in 17 years? account A: 3.75 percent, compounded annually account B: account C: account D: 3.70 percent, compounded monthly (1) (2) 3.70 percent, compounded semi-annually (3) 3.66 percent, compounded quarterly (4) 2.A bond with a face value of $1,000 has annual coupon payments of $117 and was issued seven years ago. The bond currently sells for $1,000 and has eight years remaining to maturity. We assume that the bond price would be $1000 at maturity (in eight years). Coupon rate in % Yield to maturity today in % Yield to maturity at maturity in % (5) (6) (7)
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To calculate the balance in each account after 17 years we can use the compound interest formula Bal... View full answer
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