Question
1. Find an effective rate that corresponds to a nominal rate of 8% compounded quarterly. 2. An annuity consists of equal payments at the end
1. Find an effective rate that corresponds to a nominal rate of 8% compounded quarterly.
2. An annuity consists of equal payments at the end of each quarter for 5 years to be purchased for $10000. if the interest rate is 8% compounded quarterly how much is each payment?
3. You are getting a $100000 loan from your bank at an annual percentage rate of 8% for 10 yers. A what would be your yearly payment? B what is the total interst that you will be paying to the bank ?
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Fraud Risk Assessment Building A Fraud Audit Program
Authors: Leonard W. Vona
1st Edition
047012945X, 978-0470129456
