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enyata [817]
3 years ago
10

Unit 4: Q1) Thomas hates physically going to a bank. He wants to be able to open an account and start a banking relationship wit

hout ever leaving his house. What is the BEST banking option for Thomas?
A.
credit union

B.
web-only financial institution

C.
savings and loan institution

D.
commercial bank
SAT
2 answers:
Novosadov [1.4K]3 years ago
7 0

Answer:

B. web-only financial institution is the correct answer.

Explanation:

serg [7]3 years ago
3 0

Answer:

B. web-only financial institution is the correct answer.

Explanation:B. web-only financial institution is the correct answer.

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You have just bought a security that pays $500 every six months. The security lasts for 10 years. Another security of equal risk
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Answer:

PV= $6,178.61

Explanation:

Giving the following information:

Number of years= 10

Cash flow= 500 semiannually

Discount rate= 10% compounded monthly

First, we need to calculate the semiannual interest rate:

i= 0.10/12= 0.00833

i= (1.00833^6) - 1= 0.051

Now, we need to calculate the final value of security:

FV= {A*[(1+i)^n-1]}/i

A= cash flow

FV= {500*[(1.051^20) - 1] / 0.051

FV= $16,708.79

Finally, the present value:

PV= FV/(1+i)^n

PV= 16,708.79/1.051^20

PV= $6,178.61

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The child which urgently warrants immediate attention from the nurse is the one with convulsion

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