Solution-Different periods of compounding and repayments

Different periods of compounding and repayments

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Reference no: EM131311870

1. What is the accumulated value of deposits of $1120.00 made at the end of every six months for three years if interest is 8.48% compounded quarterly?

2. A loan is repaid by making payments of $6000.00 at the end of every six months for twelve years. If interest on the loan is 8% compounded quarterly, what was the principal of the loan? Note: Different periods of compounding and repayments.

Reference no: EM131311870

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Different periods of compounding and repayments

Reference no: EM131311870

Reference no: EM131311870

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