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hello i need answers for these 2 questions please 1. How long will it take to triple your money at a nominal rate of 8%
hello i need answers for these 2 questions please
1. How long will it take to triple your money at a nominal rate of 8% p.a. compounded (a) quarterly and (b) compounded continuously?
2. Elizabeth borrows $8000 now and agrees to pay $X in 6 months, $2X in 15 months and $3X in 2 years. Determine X, if interest is at 9% p.a. compounded (a) Monthly and (b) compounded continuously
- Elizabeth borrows $8000 now and agrees to pay $X in
6 months, $2X in 15 months and $3X in 2 years.
Determine X, if interest is at 9% p.a. compounded (a)
Monthly and (b) compounded continuously
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