What Is the Nominal Rate of Interest at Which Money

question 2

Multiple Choice

What is the nominal rate of interest at which money will be 5 times itself in 20 years and six months if compounded semi-annually?

• A) 0.04%
• B) 4%
• C) 48%
• D) 8%
• E) 4.61%

Understand the concept of the glass ceiling and its impact on gender equality within organizations.

Comprehend the reasons behind increased workforce diversity in modern organizations.

Recognize the importance of individual and organizational learning for achieving competitive advantage.

Identify the principles and impact of corporate social responsibility and affirmative action on organizational culture and practices.

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Definitions:

Honor

In banking and finance, refers to the act of accepting or paying a negotiable instrument when it is presented.

Postdated Check

A check written with a date in the future, preventing it from being cashed or deposited until that date.

Authorized

Having been officially approved or given permission by a relevant authority.

Customer's Account

An account held by a brokerage or financial institution on behalf of a client, for the purpose of trading or managing securities and other financial assets.