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Find the balance at the end of 6 years of $5000 investment in an account with a nominal annual rate of interest of 2.5%
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JM
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What is the nominal annual financing cost of a 9-month, $200,000 discounted bank loan at a stated annual interest rate of 10%
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Myrtis Edwards
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Suppose $400 is invested for 4 years at a nominal yearly interest rate that is compounded monthly, further suppose it
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lianne
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Suppose $400 is invested for 4 years at a nominal yearly interest rate that is compounded monthly, further suppose it
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asked by
lianne
534 views
Picabo borrows $1,000. To repay the amount she makes 12 equal monthly payments of $90.30. Determine the following:
(a) The
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asked by
Anonymous
1,179 views
The annual nominal rate of interest on a bank certificate of deposit is 12%. What would be the effect of an inflation rate of
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asked by
Meredith
574 views
answer of the effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half -yearly is
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asked by
nakul
706 views
i have to write these definitions with illsutrations.
Nominal value/face value, market value, rate of dividend, annual dividend,
1 answer
asked by
Viktor
702 views
Swan Furnace Cleaners wants to add 0.50% to the effective rate of interest on its credit card. If it currently charges a nominal
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asked by
Amy
506 views
Swan Furnace Cleaners wants to add 0.50% to the effective rate of interest on its credit card. If it currently charges a nominal
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asked by
Amy
472 views