Question
You invested $4,000 in a savings deposit 10 quarters ago and it has grown to $4579 today. What nominal rate of annual interest (compounding quarterly)
You invested $4,000 in a savings deposit 10 quarters ago and it has grown to $4579 today. What nominal rate of annual interest (compounding quarterly) did you earn? (expressed as a percentage to two decimal places; dont use the % sign)
Jill borrows $300,000 for 10 years at a fixed interest rate of i % p.a (EAR). If the loan is repaid in 10 equal year-end payments over the 10 years, the amount of the loan outstanding at the end of the 5th year will be:
Select one:
a. Less than $150,000
b. Greater than $150,000
c. Equal to $150,000
If money is invested for 9 years, the per annum simple interest rate equivalent to a nominal rate of 11.5%p.a compounding monthly is (as a percentage rounded to three decimal places; dont use % sign)
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