Homework answers / question archive / You deposit $50,000 in a bank account at 15% annual interest

You deposit $50,000 in a bank account at 15% annual interest

Finance

Share With

You deposit $50,000 in a bank account at 15% annual interest.
a. If no withdrawals are made, how much will you have in the account after 3 months?
b. How much would you have after 3 months if interest is compounded continuously?

Option 1

Low Cost Option

Download this past answer in few clicks

2.89 USD

PURCHASE SOLUTION

Already member? Sign In

Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

rated 5 stars

Purchased 3 times

Completion Status 100%

View Answer

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.9)

Google (5.0)

Related Questions

FINA6000 Managing Finance Assessment 2 Presentation Task Summary Students are expected to utilise publicly available financial market information and determine returns and risks with regards to shares of companies that are listed on the London Stock Exchange LSE and the Australian Securities Exchange ASX
A company is going to pay its next dividend 3 years from today
3
Ali invests pound130 in an account that pays r interest
You put 60 of your money in a stock portfolio that has an expected return of 14 and a standard deviation of 26
Whaitlynal Inc
Why did Europeans launch Crusades focus on the First Crusade What were the consequences of the Crusades
The maturity date of a note receivable Is the day of the credit sale Is the day the note was signed Is the day the note is due to be paid Is the date of the first payment Is the last day of the month
An asset has a standard deviation of 15 and a correlation with the market portfolio of 0
NPV A project has an initial cost of 40000 expected net cash inflows of 8000 per year for 9 years and a cost of capital of 12

menu