Compute the effective annual rate of interest

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Reference no: EM131954958

A 20-year-old building is estimated to have a total economic life of 50 years. How much is the value loss?

a. 50%

b. 40%

c. 80%

d. 4/7

Please show work to solution

2. Compute the effective annual rate of interest

a) for 6% compounded monthly

b) at which $1100 will grow to $2000 in seven years if compounded monthly

Reference no: EM131954958

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