A trust management company offers a trust account with a stated annual rate of return of 6% in the first year and 8% in the second year. If returns are compounded quarterly with the initial account value of 100000 at the beginning of the first year, the account's value at the end of second year is closest to:()
A. $114480
B. $114885
C. $171759
参考答案:B
解析:
第一年里:PV=-100000,N=4,I/Y=6/4,=1.5,PMT=0,CPTFV=106136($),
第二年里:PV=-106136,N=4,I/Y=8/4 =2,PMT=0,CPTFV=114885($)。