Question
1. How many Canadian Dollars do you need today to get exactly the same amount of Australian Dollars that equals 13,300 at 1.5% interest rate
1. How many Canadian Dollars do you need today to get exactly the same amount of Australian Dollars that equals 13,300 at 1.5% interest rate per year in two years? Assume weekly compounding.
2.Today is January 23rd, 2016. If I want to withdraw 23,120.16 Swiss Francs (CHF) from a Swiss bank today and I started depositing the money exactly 16 years ago every year in deposits that grew by 6% every year in Euros (EUR), what was my first deposit? The interest rate was 2.31% on the deposits. The deposits were in EUR and stopped a year ago exactly (23/01/2015) from today.
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