Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q . 1 what is the maturity value of a one year term deposit of $ 9 7 2 5 . 0 5 at 5

Q.1 what is the maturity value of a one year term deposit of $9725.05 at 5.3% compounded semi annually. How much interest did the deposit earn?
What is the maturity value of the terms deposit?
Q.2 a debt of $7518.38 is repaid by payments of $1384.12 and three months, $1152.72 in 13 months, and a final payment in 28 months. If interest was 6% compounded monthly, what was the amount of the final payment?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Issues In Quantitative Finance

Authors: Ahmet Can Inci

1st Edition

1032101121, 978-1032101125

More Books

Students also viewed these Finance questions

Question

Define Management by exception

Answered: 1 week ago

Question

Explain the importance of staffing in business organisations

Answered: 1 week ago

Question

What are the types of forms of communication ?

Answered: 1 week ago