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Mr. Smith deposited k dollars in a new account at an annual rate of 8 percent compounded quarterly, which of the following repre
Mr. Smith deposited k dollars in a new account at an annual rate of 8 percent compounded quarterly, which of the following repre
admin
2022-11-19
35
问题
Mr. Smith deposited k dollars in a new account at an annual rate of 8 percent compounded quarterly, which of the following represents the value, in dollars, of the money in the account after 2 years?
选项
A、(l.08)
2
k
B、(1.08)
8
k
C、(1.02)
2
k
D、(1.02)
8
k
E、(1.03)
4
k
答案
D
解析
年利率为8%,每个季度结算一次,那么每个季度利率应该为8%/4=2%,两年共结算4×2=8次,因此2年后为:(1+2%)
8
k,选择D。
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