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Author Question: Note: The calculations for this question were done using Excel's RATE function.What is the nominal ... (Read 71 times)

robinn137

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on: Jun 6, 2019

Question 1

Note: The calculations for this question were done using Excel's RATE function.
An insurance policy provides for a lump sum benefit of $450 000.00 fifteen years from now. Alternatively, payments of $25700.00 may be received at the beginning of each of the next fifteen years. What is the effective rate of interest if interest is compounded quarterly?

Question 2

Note: The calculations for this question were done using Excel's RATE function.
What is the nominal annual rate of interest charged quarterly on a lease valued at $2340.00 if payments of $240.00 are made at the beginning of every three months for 3.25 years?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by robinn137 on Jun 6, 2019

emilymalinowski12

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Reply #1 on: Jun 6, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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robinn137

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Reply 2 on: Jun 6, 2019
YES! Correct, THANKS for helping me on my review

Animal_Goddess

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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