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tetleyelmo tetleyelmo
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7 years ago
You put $100 in a bank for a fixed two year term. The interest rate on the loan is 8% per annum, compounded semi-annually. Because the term is fixed, you are not allowed to withdraw interest at any point. What is the total amount of interest earned in the final half-year of the term?
A) $4.00
B) $4.50
C) $4.67
D) $4.16
E) $4.33
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
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BlimpBlimp
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#1
Posts: 499
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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
wrote...

7 years ago
Good timing, thanks!
Brownr40
wrote...

Yesterday
Thank you, thank you, thank you!
patyfeitosa
wrote...

2 hours ago
Smart ... Thanks!
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