This is a very nice paper and reads very well. Thank you for another job well done!
a.What’s the future value of an initial $100 after 3 years if it is invested in an account paying 8% annual interest and compounded annually? How about if the interest is compounded hourly?
b.What is the present value of $100 to be received in 3 years if the annual interest rate is 8% and compounded annually? How about if the interest is compounded daily?
c.Suppose someone offered to sell you a note calling for the payment of $1,200 in three years. They offer to sell it to you for $880. You have $880 deposit in a bank that pays a 9.5% nominal rate with daily compounding, and you plan to leave the money in the bank 2
unless you buy the note. The note is not risky–you are sure it will be paid on schedule. Should you buy the note? Check the decision in three ways: (1) by comparing your future value if you buy the note versus leaving your money in the bank, (2) by comparing the present value of the note with your current bank account, and (3) by comparing the effective annual rate on the note versus that of the bank account.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more