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Author Question: A loan of $15 000.00 was repaid together with interest of $1089.00. If interest was 5% compounded ... (Read 81 times)

EAugust

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on: Jun 6, 2019

Question 1

Over a 15-year period, Tariq's investment in Cameco stock grew in value from $3000 to $19 847. During the same period, the consumer price index rose from 88.31 to 118.91. What was his real compound annual rate of interest on the stock during this period?

Question 2

A loan of $15 000.00 was repaid together with interest of $1089.00. If interest was 5% compounded quarterly, how long was the loan taken out? (Answers are rounded off to years and months)
◦ 3 years 7 months
◦ 52 years 10 months
◦ 5 years 8 months
◦ 1 year 11 month
◦ 1 year 5 months
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by EAugust on Jun 6, 2019

bob

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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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EAugust

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Reply 2 on: Jun 6, 2019
Great answer, keep it coming :)

aruss1303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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