Question
For a sum of money invested at 8.1% compounded quarterly for 11 years state the following values. (a) the number of compounding periods (b) the
For a sum of money invested at
8.1%
compounded
quarterly
for
11
years state the following values.
(a) the number of compounding periods
(b) the periodic rate of interest
(c) the compounding factor (1+i)n
(d) the numerical value of the compounding factor
(a) The number of compounding periods is
nothing.
(Type an integer or a decimal.)
(b) The periodic rate of interest is
nothing%.
(Round to six decimal places as needed.)
(c) The compounding factor is
1+.
(Type integers or decimals.)
(d) The numerical value of the compounding factor is
nothing.
(Round to six decimal places as needed.)
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