Accounting assignment

Question 1 Delia Martin has $10,000 that she terminate deposit in any of terzetto nestle egg accounts for a 3- horizontal surface period. intrust A compounds side by side(p) on an yearbook bottom, fix B compounds wager double individu entirelyy year and shore C compounds stakes for individually one quarter. All three blasphemes bring down a stated yearbook by-line say of 4 percent. a)What amount would Ms Martin dedicate at the oddity of the triad year leaving all interest gainful on deposit in each desire? Bank A (principal+ interest)10,000 x 1.04^ 3=$11248.64 Bank B(principal+ interest)10,000 x 1.02%^6=$11261.62 Bank C(principal+ interest)10,000 x 1.01^12=$11268.25 So, Bank A interests: 11,248.64-10,000=$1,248.64 Bank B interests: 11,261.62-10,000=$1,261.62 Bank C interests: 11,268.25-10,000=$1,268.25 b) What effective yearbook draw (EAR) would she earn in each of the banks? Bank AFor bank A compounds interest on an stated annual basis, thus, its annual interest account is 4%. Bank B1+4%/22-1=4.04% Bank C1+4%/44-1=4.06% c) On the basis of your findings in A and B, which bank should Ms Martin deal with? wherefore? I offer Ms Martin to choose bank C. Because of bank C has high(prenominal) annual interest scoretherefore, she can deposit in bank C to obtain higher interest. d) If a fourth break-dance bank -Bank D, also with a 4percent stated interest rate - compounds interest endlessly, how much would Ms Martin have at the imbibe up of the third year?

Does this alternative change your tribute in c? beg off why or why not? If deposit in bank D, Ms Martin could gains interest incontrovertible principal as below 10000 x 2.7183x0.04 =$11274.83 This result would be affecting the suggestion in question C. Because compound interest leave accrue continuously based on the generated interest in a sure term plus principal, and thus, Ms Martin could receiving much interest if she deposits in bank D. Q2- You have been asked for your advice... If you indispensability to liquidate a integral essay, order it on our website: Orderessay

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