1 (a) Calculate the compound interest on 3000 at 45 percent over ten years, compounded annually. (b)...

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(a) Calculate the compound interest on £3000 at 4·5 percent over ten years, compounded annually.

(b) Calculate the compound interest on £10,000 over three years at an annual rate of interest of 5 percent, compounded annually.

(c) Repeat

(b) but compounding monthly instead of annually.

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Finance Plain And Simple

ISBN: 9780273731290

1st Edition

Authors: Sebastian Nokes

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Question Posted: Oct 18, 2024 10:00 AM

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1 (a) Calculate the compound interest on 3000 at 45 percent over ten years, compounded annually. (b)...

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Finance Plain And Simple

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