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Sk1llz, Mastermind
Category: Finance
Satisfied Customers: 2328
Experience:  Mathematics, Statistics and Physics
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# 1.The more frequent the compounding, the higer the future ...

### Resolved Question:

1.The more frequent the compounding, the higer the future value, other things equal. True or False?
2. For a given amount, the lower the discount rate, the less the present value. True or False?
3.Converting an annuity to an annuity due decreases the present value. True or False?
4.How much will accumulate in an account with an initial deposit of \$100, and which earns 10% interest compounded quarterly for three years?
5.How much can be accumulated for retirement if \$2,000 is deposited annually, beginning one year from today, and the earns 9% interest compounded annually for 40 years?
6.Under which of the following conditions will a future value calculated with simple interest exceed a future value calculated with compound interest at the same rate?
7.How much interest is earned in the third year on a \$1,000 deposit that earns 7% interest compounded annually?
8.How long must one wait(to the year) for an initial investment of \$1,000 to triple in value if the investment earns 8% compounded annually?
9.A credit card account that charges interest at the rate of 1.25% per month would have an annually compounded rate of _____ and an APR of _____?
10.What is the APR on a loan that charges interest at the rate of 1.4% per month?

Optional Information:
Douglasville, Georgia

This is my first try.

Submitted: 10 years ago.
Category: Finance
Expert:  Sk1llz replied 10 years ago.
1. true
2. false
3. false
4. \$134.49
5. \$675,764.89
6. This is not possible with positive interest rates.
7. \$80.14
8. 14
9. 16.08%; 15.00%
10. 16.80%

Sk1llz, Mastermind
Category: Finance
Satisfied Customers: 2328
Experience: Mathematics, Statistics and Physics

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