Contemporary Business Mathematics with Canadian Applications Study Set 2
Quiz 10: Compound Interestfurther Topics
A five-year,$4500.00 promissory note with interest at 7.5% compounded semi-annually was discounted at 8% compounded quarterly yielding proceeds of $6150.00.How many months before the due date was the discount date?
Explore answers and all related questions
At what nominal rate of interest compounded semi-annually will $11 800 earn $6 800 interest in six years?
A principal of $4250.00 compounded monthly amounts to $4800.00 in 6.25 years.What is the nominal annual rate of interest?
A principal of $5000.00 compounded monthly amounts to $6000.00 in 7 years.What is the nominal annual rate of interest?
Explore all questions
How it work
Terms And Conditions
© 2020-2021 Cozyplus FZ LLC. All rights reserved