n D A client invests $171 thousand in a money market fund expected to earn 3.1% annually, and plans to reinvest any retu

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N D A Client Invests 171 Thousand In A Money Market Fund Expected To Earn 3 1 Annually And Plans To Reinvest Any Retu 1 (49.36 KiB) Viewed 11 times

n D A client invests $171 thousand in a money market fund expected to earn 3.1% annually, and plans to reinvest any returns generated. Estimate the value of the client's portfolio in 11 years. Question 2 One of your clients has an outstanding personal loan, in the amount of 72 thousand, which is stated to have 19.6% APR interest. If the bank actually compounds interest daily, how much money will your client owe on this loan at the end of the year, assuming no additional borrowing or repayment on the loan? Question 3 1 pts An investment pays a stated APR rate of 14.1 %. What is the effective annual rate under continuous compounding? 1 pts Enter answer as a percentage, accurate to two decimal places. Bonus thinking question: how does this compare to daily compounding? monthly compounding?