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Author Question: At what nominal rate of interest compounded quarterly will $8100 earn $1700.00 interest in six years? (Read 293 times)

theo

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on: Jun 6, 2019

Question 1

A principal of $5000.00 compounded monthly amounts to $6000.00 in 7 years. What is the nominal annual rate of interest?

Question 2

At what nominal rate of interest compounded quarterly will $8100 earn $1700.00 interest in six years?
Contemporary Business Mathematics with Canadian Applications ¦ Hummelbrunner, Halliday, Coombs ¦ 11th Edition
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Marked as best answer by theo on Jun 6, 2019

cat123

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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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theo

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Reply #2 on: Jun 6, 2019
Thank you!


cat123

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Reply #3 on: Jun 6, 2019
Always glad to help...


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