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help ASAP a. Westpac offers a personal loan that will require you to pay 9.75% per annum, compounded fortnightly. What is the effective annual rate
help ASAP
a. Westpac offers a personal loan that will require you to pay 9.75% per annum, compounded fortnightly. What is the effective annual rate charged by the bank? (round the final outcome to 2 decimal places) Lord Ledger wishes to leave a provision in his will that $64,000 will be paid annually in perpetuity to the Salvation Army. How much must he provide in his will for this perpetuity if the interest rate is 8.65% per annum? (round the final outcome to 2 decimal place Show workings b. C. Silicon Valley Bank (SVB) failed after a bank run in March 2023; marking the third-largest bank failure in United States history. Using the bond theorem, briefly explain how the interest rate rise helped trigger its collapse. HOME
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