ACI
3I0-012 · Question #594
A 3-month (91-day) deposit of EUR25 million is made at 3.25%. At maturity, it is rolled over three times at 3.55% for 90 days, 4.15% for 91 days and 4.19% for 89 days. At the end of 12 months, how…
The correct answer is A. EUR 25,962,011.01. See the full explanation below for the reasoning.
Question
A 3-month (91-day) deposit of EUR25 million is made at 3.25%. At maturity, it is rolled over three times at 3.55% for 90 days, 4.15% for 91 days and 4.19% for 89 days. At the end of 12 months, how much is repaid (principal plus interest)?
Options
- AEUR 25,962,011.01
- BEUR 25,959,714.91
- CEUR 25,948,878.47
- DEUR 25,948,648.82
How the community answered
(21 responses)- A76% (16)
- B14% (3)
- C5% (1)
- D5% (1)
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