Contemporary Business Mathematics with Canadian Applications Study Set 2
Quiz 10: Compound Interestfurther Topics
Determine the Effective Rate of Interest Corresponding to 6% P.a.compounded
Determine the effective rate of interest corresponding to 6% p.a.compounded monthly
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Calculate the nominal rate of interest compounded semi-annually that is equivalent to 8.4% compounded monthly.
At what nominal rate of interest compounded semi-annually will $5900 earn $6400 interest in six years?
At what nominal rate of interest compounded annually will $5000 earn $2500 interest in seven years?
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