Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
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 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:
Read 138 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
Brilliant ツ
novae
wrote...

Yesterday
Just got PERFECT on my quiz
elizabetheldrid
wrote...

2 hours ago
This helped my grade so much Perfect
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1134 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 242
  
 252
  
 328
Your Opinion
Where do you get your textbooks?
Votes: 372
Previous poll results: Which is the best fuel for late night cramming?