quick question 11 – Custom Nursing Help
JUST ONE QUESTION THAT IM STUCK ON
Which of the following statements is CORRECT?
You are considering to invest in an annuity. You conclude that the present value of a 4-year, $400 ordinary annuity will exceed the present value of a 4-year, $400 annuity due.
You are investing in a fund that offers a nominal annual rate of 5%. Its effective rate will never be less than 5%.
You are investing in a fund that offers annual interest payments. Its effective, periodic, and nominal rates of interest will all be different.
You are investing in a fund that offers a nominal rate of 4% with semi-annual payments. Its effective rate that is smaller than 4%.
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