Question
Q5. What principal will earn interest of $150 at 8% in 3 years? Q6. Find the annual rate of interest required for $850 to earn
Q5. What principal will earn interest of $150 at 8% in 3 years?
Q6. Find the annual rate of interest required for $850 to earn $64.6 in 20 months.
Q7. Determine the number of years required for a deposit of $1,650 to earn $462 interest at 7%.
Q8. Suppose $2000 is invested at an annual simple interest rate of 9%. Compute the future value of the investment after 5 years. S = P(1 + rt)
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Introduction To Estimating Economic Models
Authors: Atsushi Maki
1st Edition
0415589878, 978-0415589871
