If $2500 were invested for 5 years at 10% nominal interest
compounded daily, what would be the future amount?
Select one:
a. $4121.73
b. $3121.73
c. $6521.73
d. $5121.73
$5000 at time 0 is equivalent to:
Select one:
a. $7800 at the end of year 7 , i=8% simple interest rate
b. $7346.64 at the end of year 5, i=8% compound interest
rate
c.
$6800 at the end of year 6, i=6% simple interest rate
d. all the above
The sign of various amounts at different points in time in a
cash flow diagram is to be decided based on the type of the
decision problem
Select one:
True
False