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John wishes to borrow from jack. He pays him the amount value in 2 years. If jack offer discount rate %10 and he gives him
- John wishes to borrow from jack. He pays him the amount value in 2 years. If jack offer discount rate %10 and he gives him $ 1000 at now. What is the amount value or maturity value?
- If Sun Bank interest rate %25 and Betty wants to get cash in hand, and repaid 3 months, what is the discount rate of the bank?
- Find the simple interest earned in 6 years when $10,000 is invested at a rate of 10% per annum. What is the total amount at the end of 6 years.
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
7th Edition
1259919714, 978-1259919718
