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You want to compute the amount of interest that will be charged on $ 12900 for seven years at 12% p.a. compounded monthly. Find i
You want to compute the amount of interest that will be charged on $ 12900 for seven years at 12% p.a. compounded monthly. Find i (periodic rate).
O a. 0.03
O O b. 0.06
O c. 0.01
O d. 0.08
O O e. 0.12
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Mathematics Of Finance
Authors: Petr Zima
2nd Edition
0070082030, 9780070082038
