ACI
3I0-013 · Question #190
Your money market dealer has accepted a deposit of NOK 10,000,000.00 at 2.375% for 12 months (365 days). How much will you have to pay back in capital plus accrued interest at maturity?
The correct answer is D. NOK 10,240,798.61. See the full explanation below for the reasoning.
Question
Your money market dealer has accepted a deposit of NOK 10,000,000.00 at 2.375% for 12 months (365 days). How much will you have to pay back in capital plus accrued interest at maturity?
Options
- ANOK 10,240,799.00
- BNOK 240,798.61
- CNOK 10,237,500.00
- DNOK 10,240,798.61
How the community answered
(22 responses)- A5% (1)
- B9% (2)
- C5% (1)
- D82% (18)
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