Mr. Garcia deposited $2,500 in a new account at his bank. The bank pays 6.5% interest compounded annually on this account.
Mr. Garcia makes no additional deposits or withdrawals.

Which amount is closest to the balance of the account at the end of 2 years?

A.$2,513.00

B.$2,662.50

C.$2,835.56

D.$2,825.00

42

step-by-step explanation:

256/6=42

i can you with this question sweetie!

step-by-step explanation:

required rate of return = 0.166 = 16.6%

step-by-step explanation:

under the capital asset pricing model (capm), the required or expected rate of return for a particular security or asset is given using the formula:

required rate of return = risk-free rate + beta*(market risk premium)

we are given that;

risk-free rate = 4% = 0.04

beta = 1.4

market risk premium = 9% = 0.09

we simply plug these values into the above formula;

required rate of return = 0.04 + 1.4*(0.09)

required rate of return = 0.04 + 0.126

required rate of return = 0.166 = 16.6%

the answer is c

step-by-step explanation: i took a test with this question on it