Mathematics, 04.08.2019 04:10 zainababbas25
1. heather makes regular contributions to her registered retirement savings plan (rrsp). which investment schedule would provide for the greatest accumulated amount after one year?
a) $1200 invested on january 1 and on july 1 at 6% compounded semi-annually.
b) $600 invested on january 1, april 1, july 1, and october 1 at 6% compounded quarterly.
c) $2400 invested on january 1 at 6% compounded annually.
d) $200 invested on the first day of each month at 6% compounded monthly.
2. an investment of $350 in blue chip stocks grows to $358.24 in 8 months. if this growth rate were to continue for a year, what would be the annual return on investment, roi?
a)1.54%
b) 1.92%
c) 3.53%
d) 0.68%
3. you purhased 47 shares in addle computers in 1999 for $3.25/share. today you want to sell them for $31.92/share and invest the entire amount in canada savings bonds, which you feel are less risky. canada savings compound interest bonds are currently issued earning 734% interest, compounded annually. what is the return on investment, roi, on the addle shares and what will the maturity value for the canada savings bond be if it matures in 7 years?
a) roi is 8.82% and the mv is $10,616.25
b) roi is 882% and the mv is $2,374.44
c)roi is 8.82% and the mv is $2,314.12
d) roi is 882% and the mv is $2,529.77
4. if you invest $2,000.00 for 6 years in each of the following guaranteed investment certificates (gics), how much greater are your earnings with the best one than with the worst one?
i. 8% compounded annually
ii. 7.75% compounded quarterly
iii. 7.5% compounded daily
a) $37.27
b) $6.21
c) $24.85
d)$33.42
5. your parents are saving for your post secondary education so they want $18,000 in a savings account for you in 5 years. how much should be invested now at 5.8% annual interest, compounded weekly, in order to save enough for your schooling?
a) $24,051.60
b) $9,876.53
c) $13,587.44
d) $13,470.92
Answers: 1
Mathematics, 21.06.2019 14:30, claudiapineda860
Leo is going to use a random number generator 4 0 0 400 times. each time he uses it, he will get a 1 , 2 , 3 , 4 , 1,2,3,4, or 5 5. what is the best prediction for the number of times that leo will get an odd number?
Answers: 1
1. heather makes regular contributions to her registered retirement savings plan (rrsp). which inves...
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