ACI
3I0-012 · Question #729
What is the amount of the principal plus interest due at maturity on a 1-month (32-day) deposit of USD 50,000,000.00 placed at 0.37%?
The correct answer is C. EUR 50,016,444.44. See the full explanation below for the reasoning.
Question
What is the amount of the principal plus interest due at maturity on a 1-month (32-day) deposit of USD 50,000,000.00 placed at 0.37%?
Options
- AEUR 50,015,416.67
- BEUR 50,016,219.18
- CEUR 50,016,444.44
- DEUR 50,016,958.33
How the community answered
(59 responses)- A15% (9)
- B7% (4)
- C75% (44)
- D3% (2)
Community Discussion
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