Professor Severus Snape deposited 500 Galleons into an account at Gringotts Bank, that pays 4%...
60.1K
Verified Solution
Link Copied!
Question
Finance
Professor Severus Snape deposited 500 Galleons into an account at Gringotts Bank, that pays 4% nominal annual interest, compounded monthly. How much will he have in his account 10 years from now? None of these are correct. 744.43 Galleons 742.97 Galleons 745.42 Galleons 740.12 Galleons Save Question 16 (1 point) An annuity makes 5 equal annual payments of $2,000. The first payment begins in exactly 12 years. If the relevant discount (interest) rate is 10, what is the present value (today) of the annuity? None of these are correct. $2,600 $2,073 $3,215 $2,657
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
