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09-If you deposit $100,000 with 15% annual nominal interest rate, a) How much will the total amount be at the end of 5 years? b)
09-If you deposit $100,000 with 15% annual nominal interest rate, a) How much will the total amount be at the end of 5 years? b) How much time is needed for the total amount to get doubled? c) What should the effective interest rate be for the total amount to reach $180,000 at the end of 5 years? d) How much money should be deposited to get $150,000 at the end of 5 years with 9615 effective interest rate
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