Business, 11.02.2020 22:02, cahree

Manufic, a detergent manufacturer, has announced this year's net income as $832,500. It expects its net earnings to grow at a rate of 15 percent per year for the next two years, before dropping to 12 percent for each of the following two years. What is the firm's net income after four years? Which of the following statements is correct, assuming positive interest rates and holding other things constant?A) Banks A and B offer the same nominal annual rate of interest, but A pays interest daily and B pays semiannually. A deposit in Bank B will have a higher value in five years. B) Banks A and B offer the same nominal annual rate of interest, but A pays interest quarterly and B pays monthly. A deposit in Bank B will have a higher value in five years. C) Banks A and B offer the same annual rate of interest, but A pays interest quarterly and B pays semi-annually. A deposit in Bank A will have a higher value in five years. D) Banks A and B offer the same nominal annual rate of interest, but A pays interest weekly and B pays quarterly. A deposit in Bank B will have a higher value in five years.

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Manufic, a detergent manufacturer, has announced this year's net income as $832,500. It expects its...