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請謹慎保管和記憶你的密碼，以免泄露和丟失
請謹慎保管和記憶你的密碼，以免泄露和丟失
The Time Value of Money
Compounding
$1 invested today would be worth about $131.5 after 100 years if compounded annually at 5%.
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The Future Value of a Single Cash Flow – Example
An Australian bank offers to pay you 6 percent compounded monthly. You decide to invest A$1 million for one year. What is the future value of your investment if interest payments are reinvested at 6 percent?
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【PRACTICE PROBLEMS】
An investment of €500,000 today that grows to €800,000 after six years has a stated annual interest rate closest to:
A. 7.5% compounded continuously.
B. 7.7% compounded daily.
C. 8.0% compounded semiannually.
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【PRACTICE PROBLEMS】
A bank quotes a stated annual interest rate of 4.00%. If that rate is equal to an effective annual rate of 4.08%, then the bank is compounding interest:
A. daily.
B. quarterly.
C. semiannually.
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768The Time Value of Money:The,Future Value of a Single Cash Flow – Example:B.C.semiannually.
583Money-Weighted Rate of Return & Time-Weighted Rate of Return:[Solutions] C
195The Supply and Demand for Money:Interest”rates effectively adjust to bring the market into:Moneythat the money supply can affect real things in the short run.
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