Question
1.) Miguel invest his 100,000 in Bank ABC Time deposit with a rate of 1.125% compounded annually. How many years will his investment earns 2,000?
1.) Miguel invest his 100,000 in Bank ABC Time deposit with a rate of 1.125% compounded annually. How many years will his investment earns 2,000?
2.) A 50,000 was loon in Donk ABC at a rate of 5.00% compounded semi-annually last January 15, 201, How much must be paid to Bank ABC If you wanted to clear your loan by September 15, 2021?
3.) BankABC sent a letter informing that you have to pay your loan amounting to 50,600.00 is due on September 17, 2021 What is the value of the principal amount, which was acquired on July 17, 2015 with 2.50% compounded quartery?
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins
4th Edition
0073527092, 978-0073527093
