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tetleyelmo tetleyelmo
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7 years ago
You plan to invest $2,500 in a money market account which will pay an annual stated (nominal) interest rate of 8.75%, but which compounds interest on a weekly basis. If you leave this money on deposit for one year (52 weeks), what will be your ending balance when you close the account?
A) $2,583.28   
B) $2,611.72   
C) $2,681.00   
D) $2,703.46   
E) $2,728.40
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
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BlimpBlimp
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7 years ago
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Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

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tetleyelmo Author
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7 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
54321abs
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This site is awesome
rileyjones420
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2 hours ago
Thanks
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