单选题
An investor has the choice of two investments. Investment A offers interest at 7.25 percent compounded quarterly. Investment B offers interest at the annual rate of 7.40 percent. Which investment offers the higher dollar return on an investment of $ 50000 for two years, and by how much ? A. Investment B offers a $ 36.92 greater return. B. Investment A offers a $122.18 greater return. C. Investment A offers a $ 53.18 greater return.
【正确答案】
C
【答案解析】Investment A : I=7.25/4; N=2×4=8; PV=$50000; PMT=0; CPT→FV=$57726.98
Investment B : I=7.40; N=2; PV=$50000; PMT=0; CVT→FV=$57673.80
Difference = investment A offers a $53.18 greater dollar return.