If $100 is placed in an account that earns a nominal 4%, compounded quarterly, what will it be worth in 5 years?

A) $122.02
B) $105.10
C) $135.41
D) $120.90
E) $117.48

A

Business

You might also like to view...

Which is most likely a violation of the AICPA Code of Professional Conduct?

a. A member firm buys computer time at wholesale prices from another CPA firm and sells it at retail prices to clients b. A member does not timely file his or her own personal federal income tax return c. A tax booklet is attributed to a member firm even though it was prepared by an outside author d. A member forms a partnership for the practice of public accounting with non-CPAs

Business

An arrangement where an owner of real property borrows money from a lender and pledges the real property as collateral to secure the repayment of the loan is known as a(n) ________

A) consignment B) foreclosure C) mortgage D) assignment

Business