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Author Question: Calculate the nominal annual rate of interest compounded quarterly that is equivalent to 15% p.a. ... (Read 410 times)

Bob-Dole

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  • Posts: 547
on: Jun 6, 2019

Question 1

What is the nominal rate of interest at which money will be 10 times itself in 30 years, if compounded monthly?
◦ 7.7%
◦ 0.642%
◦ 0.006%
◦ 6.42%
◦ 4.61%

Question 2

Calculate the nominal annual rate of interest compounded quarterly that is equivalent to 15% p.a. compounded semi-annually.
◦ 14.73%
◦ 3.682%
◦ 4.61%
◦ 7.7%
◦ 7.5%
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by Bob-Dole on Jun 6, 2019

Ahernandez18

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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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Bob-Dole

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  • Posts: 547
Reply 2 on: Jun 6, 2019
Wow, this really help

amandanbreshears

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  • Posts: 320
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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