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Author Question: The number of periods for a consumer loan (n) is equal to the ________. A) number of years times ... (Read 67 times)

BrownTown3

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on: Jul 10, 2018
The number of periods for a consumer loan (n) is equal to the ________.
 
  A) number of years times compounding periods per year
  B) number of years
  C) number of years in a period
  D) number of compounding periods

Question 2

How long does it take for your money to double when invested at the rate of 3 (with annual compounding)?
 
  A) Depends on how much money you start with.
  B) 26 years
  C) 23 years
  D) 25 years
  E) 24 years


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xiazhe

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Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: A

Answer to Question 2

E


BrownTown3

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Reply 2 on: Jul 10, 2018
Excellent

ecabral0

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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