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pls I need help on this to prepare my self. it is a problem from the end of chapter. thanks NOMINAL AND EFFECTIVE INTEREST RATES
pls I need help on this to prepare my self. it is a problem from the end of chapter. thanks
NOMINAL AND EFFECTIVE INTEREST RATES 57 30% per semiannually compounded weekly e. Nominal rate of 5 Determine the monthly # Nominal rate of 30% per semiannua minal rate of 55% per year compounded weekly the monthly effective interest rates for the following: a 24% per year compounded weekly b. 16% per year compounded monthly c 12% per year compounded quarterly d. 24% per year compounded semiannually! Determine the monthly nominal interest rates for the following effective interest rates: a. Effective 16% per year compounded monthly b. Effective 12% per year compounded quarterly C. 24% per year compounded semiannually 7. If the effective interest rate is 24% per year. Determine the continuous compounding nominal interest rate per year? 8- Dave deposited $1,000 in a saving account at an interest rate of 10% per year compounded quarterly for 10 years. Determine the future worth of this deposit. 9- Mahmoud would like to invest $100,000 in a Bond. He has identified three alternatives to invest his money for 20 years. Help Mahmoud choose the best investment opportunity. O Alternative 1: 10 % per year compounded quarterly. O Alternative 2: 11% per year compounded daily. O Alternative 3: 12% per year compounded monthly. deel is planning to have $100,000 in 20 years to invest in a project. nuch must she invest now in bank that pays 2 % per month to reach 10- Hadeel is planning her goalStep by Step Solution
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