Question
5-Find the EAR of the following operations: a)Mr A invests 10,000 , for 5 years, in a bank account that offers the following financial conditions:-
5-Find the EAR of the following operations:
a)Mr A invests 10,000 , for 5 years, in a bank account that offers the following financial conditions:- r(annual): 6%
- periodicity: year (the bank pays interests once per year)
b)Mr B invests 10,000 , for 5 years, in a bank account that offers the following financial conditions:- r(annual): 6%
- periodicity: quarter (the bank pays interests 4 times per year)
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Advanced Engineering Mathematics
Authors: ERWIN KREYSZIG
9th Edition
0471488852, 978-0471488859
