Calculate interest rate necessary to double principal
Problem: Suppose that compound interest is earned on a certain investment, with an interest conversion period of six months. Calculate the interest rate "p%" necessary to double the initial principal in four years.
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How much must each year's deposit be in order to accumulate $50,000 at the end of the seventh year?
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To reduce the level of inter symbol interference to a relatively small amount, we impose the condition that x(T ) = 0.01, where T is the symbol interval.
Problem: For each of the cases in the following table: Calculate the future value at the end of the specified deposit period.
Calculate the interest rate "p%" necessary to double the initial principal in four years.
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What is the effective interest rate on the typical loan with a nominal 8% interest rate and a 10% compensating balance?
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