Posts Tagged ‘guaranteed investment certificate’
Investment???
August 25th, 2010
Joanna decided to invest the 0 that she had received as graduation presents. She earned 6% interest comounded monthly. How much interest did she earn with this investment after 3 years?
a) .54
b)
c) .34
d) 7.54
e) 8.34
If you invest 00 for 4 years in each of the following Guaranteed Investment Certificate (GICs), how much greater are your earnings with the best one than with the worst one?
1. 9% compounded annually.
2. 8.75% compounded quarterly
3. 8.5% compounded daily
a) .14
b) .69
c) .83
d) .04
e) .73
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Posted in Online Stock Investment | 
Tags: 3 years, earnings, graduation, guaranteed investment certificate, joanna | 
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When Money Market Funds Increase and Decrease?
July 17th, 2010
When do money market funds increase or decrease the percentage return. Would a money market fund be a better investment than CD or guaranteed investment certificate for long term such as 3 or 4 years? How safe are they?
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