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1) You invested $6,000. In six years you get back $15,000. What is the interest rate with (a) annual (b) monthly compounding?
2) You made a deposit of $10 in the beginning of year 1 and $20 at the beginning of year 2. The nominal rates of interest during years 1 and 2 were 10 percent and 20 percent, respectively. How much money will you have in your account at the end of the second year assuming continuous compounding?
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 ..
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