Determine which is the better investment: compounded semiannually or compounded quarterly. Round your answers to decimal places.
1 answer:
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Answer:
The electrical action has the better expected monetary value with 492,000
Explanation:
We will multiply the expected outcome by their probability then, we add them to get the expected monetary value per option:
Answer:
58
Explanation:
In this question we use the NPER function that is shown in the excel spreadsheet
Given that,
Present value = $0
Future value or Face value = $26,182
PMT = $400
Rate = 5% ÷ 12 months = 0.41666%
The formula is shown below:
= NPER(RATE,PMT,-PV,FV,type)
The PMT come in negative
So, after solving this, the number of payments is 58
