Top Posters
Since Sunday
e
5
R
5
e
4
4
d
4
o
3
p
3
t
3
3
m
3
p
3
m
3
Home Q & A Board Other Fields Homework Help Business
New Topic  
tetleyelmo tetleyelmo
wrote...
Go to Answer
Posts: 662
Rep: 0 0
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:
Read 192 times
1 Reply
Replies
Answer verified by a subject expert
BlimpBlimp
wrote...
#1
Posts: 499
Rep: 25 0
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1
Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

Related Topics

tetleyelmo Author
wrote...

7 years ago
Thanks
bahajo
wrote...

Yesterday
Smart ... Thanks!
jbag1237
wrote...

2 hours ago
Helped a lot
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1000 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 628
  
 111
  
 8860
Your Opinion
Which of the following is the best resource to supplement your studies:
Votes: 292
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?