1) Calculate the annual interest rate at which an amount of 50,000 will be made in 7.5 years 100,000 with six-month capitalization. 2) If a
1) Calculate the annual interest rate at which an amount of 50,000 will be made in 7.5 years 100,000 with six-month capitalization.
2) If a depositor has to choose for his deposit Between the interest rates i = 15% and j2 = 7.5%, consider which of the two alternatives suits him best? (Symbol j2 refers to the corresponding six-month interest rate.)
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Authors: William O. Cleverley, James O. Cleverley, Paula H. Song
7th Edition
0763789291, 978-0763789299
