ACI
3I0-012 · Question #79
3I0-012 Question #79: Real Exam Question with Answer & Explanation
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Question
A 3-month (91-day) deposit of AUD 25,000,000.00 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
- AAUD 25,962,011.00
- BAUD 25,959,714.91
- CAUD 25,948,878.47
- DAUD 25,948,648.82
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