subject
Business, 12.02.2021 06:00 cutebab4786

Derek can deposit $263.00 per month for the next 10 years into an account at Bank A. The first deposit will be made next month. Bank A pays 15.00% and compounds interest monthly. Derek can deposit $2,561.00 per year for the next 10 years into an account at Bank B. The first deposit will be made next year. Bank B compounded interest annually. What rate must Bank B pay for Derek to have the same amount in both accounts after 10 years

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 16:30
ernst's electrical has a bond issue outstanding with ten years to maturity. these bonds have a $1,000 face value, a 5 percent coupon, and pay interest semiminusannually. the bonds are currently quoted at 96 percent of face value. what is ernst's pretax cost of debt?
Answers: 1
question
Business, 22.06.2019 12:20
Consider 8.5 percent swiss franc/u.s. dollar dual-currency bonds that pay $666.67 at maturity per sf1,000 of par value. it sells at par. what is the implicit sf/$ exchange rate at maturity? will the investor be better or worse off at maturity if the actual sf/$ exchange rate is sf1.35/$1.00
Answers: 2
question
Business, 22.06.2019 15:00
Which of the following is least likely to a team solve problems together
Answers: 1
question
Business, 22.06.2019 22:00
Gyou are in charge of making the work schedule for the next two weeks. typically this is not a difficult task as you work at a routine 8am – 5pm company. however, over the next two weeks you are required to schedule someone to be in the office each saturday. after contemplating this for a few days you make the schedule and assignments. before posting the schedule for everyone you decide that it is a good idea to meet personally with the two people you have scheduled to work the weekend. what do you say to them? what is your desired outcome?
Answers: 3
You know the right answer?
Derek can deposit $263.00 per month for the next 10 years into an account at Bank A. The first depos...
Questions
Questions on the website: 13722361