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Request help for these homework questions. Question 2 Brian Bell & Co . is selling micro - oven for K 4 0 0 0 by
Request help for these homework questions.
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Brian Bell & Co is selling microoven for K by cash. If this item is purchased on an installments basis where the method of repayment is to deposit K followed by equal semiannually repayments of K for three years.
a Calculate the flat rate of interest charged if this item is bought on an installments basis.
b Calculate the total amount paid at the end of years if this item is bought on installments
basis.
Question
a At the end of each month we plan to invest K into an account that bears interest compounded monthly. For the first year the interest rate is pa For the next year it is pa For the third year it is pa How much is in the account after years?
b At the end of every even month we invest K into an account that bears interest of pa compounded monthly. At the end of every even month we invest K How much will be in the account at the end of years?
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