"Kim has $42876 to invest for 4 years. She has the following options: [A]term deposit at 6.4% compounded annually: [B] Shares, paying a rate of 6.38% per annum with dividend paid quarterly; and [C] A building society account, paying a return of 6.46% per annum with monthly rests. Advise Kim on which option to take if all the investments are equally secure. Calculate all the resulting values per situation."
"Kim has $42876 to invest for 4 years. She has the following options: [A]term deposit at 6.4% compounded annually: [B] Shares, paying a rate of 6.38% per annum with dividend paid quarterly; and [C] A building society account, paying a return of 6.46% per annum with monthly rests. Advise Kim on which option to take if all the investments are equally secure. Calculate all the resulting values per situation."
Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
Problem 1.1MA
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Question
QUESTION12
!["Kim has $42876 to invest for 4 years. She has the following options: [A]term deposit at 6.4% compounded annually; [B] Shares,
paying a rate of 6.38% per annum with dividend paid quarterly; and [C] A building society account, paying a return of 6.46% per
annum with monthly rests. Advise Kim on which option to take if all the investments are equally secure. Calculate all the resulting
values per situation."
Prompts
Submitted Answers
Answer for (B]
Choose a match
Answer for [C]
54951.65
Answer for [A]
55229.56
55479.81](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe40fb13f-814f-4627-86a4-f9453cfd3c65%2F6d6ab8fd-b394-4832-a1b5-6d4abaa5379f%2Fp7utk3o_processed.png&w=3840&q=75)
Transcribed Image Text:"Kim has $42876 to invest for 4 years. She has the following options: [A]term deposit at 6.4% compounded annually; [B] Shares,
paying a rate of 6.38% per annum with dividend paid quarterly; and [C] A building society account, paying a return of 6.46% per
annum with monthly rests. Advise Kim on which option to take if all the investments are equally secure. Calculate all the resulting
values per situation."
Prompts
Submitted Answers
Answer for (B]
Choose a match
Answer for [C]
54951.65
Answer for [A]
55229.56
55479.81
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