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Author Question: Calculate the nominal interest rate of interest compounded quarterly if a loan of 43 000.00 is ... (Read 212 times)

ETearle

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on: Jun 6, 2019

Question 1

Sabrina deposits $300.00 into a savings account at the end of each month for five years. If the accumulated value of the deposits is $20 000.00 and interest is compounded semi-annually, calculate the nominal rate of interest

Question 2

Calculate the nominal interest rate of interest compounded quarterly if a loan of 43 000.00 is repaid in seven years by payments of $4000.00 made at the end of every six months.
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by ETearle on Jun 6, 2019

bd5255

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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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ETearle

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Reply #2 on: Jun 6, 2019
TY


bd5255

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Reply #3 on: Jun 6, 2019
You're welcome


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