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Bus3062-al-u02d1 sb(unit2)-section 1 2 3 And 4 (Example)

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BUS3062-AL-U02D1 SB (UNIT2)-SECTION #4 Student’s name: Institutional affiliation: Answer 1 Proficient The preference is the savings account where interest is compounded on a monthly basis since the amount on the basis of which interest is earned will grow at a faster rate. As a result interest earned will be more as well as the total amount saved. Distinguished In the case of a borrower frequent compounding periods will create higher interest and consequently increase the debt owed CITATION MFi \l 1033 (Cornett Adair &amp; Nofsinger 2016). As a result the best decision would be less frequent compounding periods – (1 + 0.09) ^-6]/ 0.09 PVA = \$800 *(1 – 0.5963)/ 0.09 PVA = \$800 * 4.4859 = \$3 588.72 At 11% it will be PVA = \$800 * [1 – (1 + 0.11) ^-6]/ 0.11 PVA = \$800 *(1 – 0.5346)/ 0.11 PVA = \$800 * 4.2305 = \$3 384.40 Distinguished When there is a decrease in interest rate the present value increases. The calculation further indicates that when there is an increase in the interest rate the present value decreases. Reference BIBLIOGRAPHY Cornett M. Adair T. &amp; Nofsinger J. (2016). M: Finance. New York: McGraw-Hill. [...]

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02.24.2018

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