COMPOUND INTEREST EXERCISES.

1. Calculate the compound interest of a loan for $ 23,000 pesos to be repaid over 10 years at an annual compound interest rate compounded bimonthly of 4.5%.

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2. A loan of 10,000 pesos is requested to be repaid in 8 years in the bank, at a compound interest rate of 6.5% per year, compounded monthly. What would the amount be?

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3. Calculate the amount of compound interest of $ 20,000 pesos to be paid in 10 years, at the annual interest rate of S%.

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4. Which investment is more convenient: an investment of 40,000 invested over 8 years, at an annual interest rate of 7% or deposit in a savings account that offers 5.5% compounded bimonthly for the same time?

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5. Calculate the amount to be repaid in 2 years of a loan of 12,000 pesos at a rate of 5.5% per annum, compounded weekly.

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