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5. A loan of 8440 is made with interest at a nominal annual rate of 12% compounded monthly. The loan is to be repaid by
5. A loan of 8440 is made with interest at a nominal annual rate of 12% compounded monthly. The loan is to be repaid by 24 monthly payments of 400 over 25 months, starting one month after the loan is made, there being a payment at the end of every month but one. At the end of which month is the missing payment? 6. An investment of I will accumulate to 1.094722 in 2 years at a force of interest &. An investment of I will accumulate to 2.378246 in n years at a nominal rate of & convertible every 2 years. Calculate n. 7. Victor invests 200 into a bank account at the beginning of each year for 20 years. The account pays out interest at the end of every year at an annual effective interest rate of 1%. The interest is 5. A loan of 8440 is made with interest at a nominal annual rate of 12% compounded monthly. The loan is to be repaid by 24 monthly payments of 400 over 25 months, starting one month after the loan is made, there being a payment at the end of every month but one. At the end of which month is the missing payment? 6. An investment of I will accumulate to 1.094722 in 2 years at a force of interest &. An investment of I will accumulate to 2.378246 in n years at a nominal rate of & convertible every 2 years. Calculate n. 7. Victor invests 200 into a bank account at the beginning of each year for 20 years. The account pays out interest at the end of every year at an annual effective interest rate of 1%. The interest is
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