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Dylan investedan an amount of $ 20,000 in a mutual fund.After 3 year and 3 months the accumulated value of his investment was $ 21,149.99.What is the monthly compounded nominal interest rate of the investment?
Hewlett Plastic Inc. Received a loan of $ 41,000 at 3.50% compounded quarterly to purchase machinery for its factor. Calculate the tine period of the lian if the total interest paid was $16,089.82
What nominal interest rate compounded semi annually is equivakent to 5.77% compunded quarterly?
A bank charges Money Co. An interst rate of 9% compunded quarterly on its line of credit.If the effevtive interst rate were to increase by 2.60% ,calculate the new interest rate compounded quarterly?
Two payments of $12000 and $7400 are due in 1 year and 2 years,respectively.Calculate the two equal payments that would replace these payments,made in 9months and in 5years if money is worth 7.5% compounded monthly.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
This report is specific for a core understanding for Financial Accounting and its relevant factors.
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