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please solve both the questions quickly, clearly and correctly thanks QUESTION 2 If interest is charged at 3.05% compounded monthly for 3 years, determine (a)
please solve both the questions quickly, clearly and correctly thanks
QUESTION 2 If interest is charged at 3.05% compounded monthly for 3 years, determine (a) the periodic interest rate and (b) the number of compounding periods: a) periodic interest rate = (state as a percent rounded to four decimal places) b) number of compounding periods = QUESTION 3 Ada borrowed $3000 at 4.75% compounded semi-annually. She repaid the loan in 4 years and 4 months. Calculate the accumulated value at the end of the termStep by Step Solution
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