Question
# Payment and frequency (PMT) Time in years (n) Interest rate and compound frequency (I/Y) Present Value (PV) Future Value (FV) 1. $380.00 every 6
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# | Payment and frequency (PMT) | Time in years (n) | Interest rate and compound frequency (I/Y) | Present Value (PV) | Future Value (FV) |
| 1. | $380.00 every 6 months | 8 years | 7% compounded semi-annually |
______________ |
Not Applicable |
| 2 | $456.50 per month | 5 years | 7 % compounded monthly |
Not Applicable |
_______________ |
| 3 | $____________ per year | 25 payments | 3 % compounded annually |
$20,000 |
Not Applicable |
| 4 | $454.30 per quarter |
__________years | 7.54 % compounded quarterly |
Not Applicable |
$24,000 |
| 5 | $700 every six months |
186 months | _______compounded semi-annually |
$15,000 |
Not Applicable |
| 6 | $170 every 3 months | 9 years and 3 months | 9.95% compounded quarterly |
Not Applicable |
_______________ |
| 7 | $6,000 monthly |
_________years |
2.25 % compounded monthly |
$260,000 |
Not Applicable |
| 8 | $ ___________ Per year |
27 years |
19% compounded annually |
| $1,000,000 |
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Mastering Islamic Finance
Authors: Faizal Karbani
1st Edition
1292001445, 978-1292001449
