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GOOD LUCK!!! Task 1 . A customer in a bank withdrew PLN 5 0 0 0 from a savings account after 3 years. The nominal
GOOD LUCK!!!
Task A customer in a bank withdrew PLN from a savings account after years. The nominal interest rate was
The deposit lasted years. For the last months a simple interest rate method was used, before that for months
a compound interest rate, and at the beginning a continuous compounding interest rate after each change in the interest
rate method the profits were credited to the account balance Please calculate how much was saved at the beginning of
this deposit.
Task For the first six months, a certain loan was subject to a continuous interest rate of For the next months it
was at a compound interest rate of with quarterly capitalisation. Finally, for one year it was at a compound interest
rate of with semiannual capitalisation. Find the average effective interest rate on this loan over the whole analysed
period according to compound interest rate method
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