Question
8. You aunt started a savings account for you 16 years ago with $555. The account has grown to $2500. What annual rate with semiannual
8. You aunt started a savings account for you 16 years ago with $555. The account has grown to $2500. What annual rate with semiannual compounding of interest has the bank been paying?
PV FV PMT RATE NPER
9. You have borrowed $200,000 to buy a new motor home. Your loan is to be repaid monthly at 7% compounded monthly If you pay $2500 per month on the motor home, how many years will it take to pay off the loan?
PV FV PMT RATE NPER
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International Finance The Markets And Financial Management Of Multinational Business
Authors: Maurice D. Levi
3rd Edition
0070376875, 978-0070376878
