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1 A and b A-Suhaila invested a certain sum of money in an account that pays 5% compounded quarterly. The account will amount to RM1000
1 A and b
A-Suhaila invested a certain sum of money in an account that pays 5% compounded quarterly. The account will amount to RM1000 in 27 months time. Calculate the original principal that was invested. [ans: RM894.22]
B-What is the nominal rate compounded monthly that will make $1000 become $2000 in 5 years? [ans:13.9%]
as soon as possible and thank you a lot
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Payroll Accounting 2016
Authors: Bernard J. Bieg, Judith Toland
26th edition
978-1305665910, 1305665910, 1337072648, 978-1337072649
