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Author Question: Albert made investments of $1000 each for two years. The first one at an interest of 4.8% compounded ... (Read 87 times)

littleanan

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on: Jun 6, 2019

Question 1

Determine the nominal rate of interest if the periodic rate is 1.75% per quarter.
◦ 5.25%
◦ 7%
◦ 3.5%
◦ 1.75%
◦ 21%

Question 2

Albert made investments of $1000 each for two years. The first one at an interest of 4.8% compounded monthly and the second at 4.9% compounded annually. Calculate the total value of his investment in two years.
◦ $1100.40
◦ $2200.95
◦ $2000
◦ $2100.55
◦ $1100.55
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by littleanan on Jun 6, 2019

chem1s3

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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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littleanan

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Reply #2 on: Jun 6, 2019
Thanks


chem1s3

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Reply #3 on: Jun 6, 2019
Welcome :)


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