Determine the term of the compound interest loan
Determine the term of the compound interest loan. (Round your answer to two decimal places.) 5.9% compounded quarterly to obtain $8800 from a principal of $2000.
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What would you expect the nominal rate of interest to be be if the real rate is 3.5 and the expected inflation rate is 7.4?
Treasury bills are yielding 6.2% and future inflation rate is expected to be 3.5% for each year. Ignoring the cross product between the real rate of interest and the inflation rate, what is the real risk-free rate of interest?
Compute the present value of the compound interest loan. (Round your answers to the nearest cent.) $22,000 after 7 years at 4% if the interest is compounded in the following ways: quarterly
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Find out the effective rate of the compound interest rate or investment. (Round your answer to two decimal places.) A $70,000 zero-coupon bond maturing in 8 years and selling now for $46,035.
You've just received $145,000 from the estate of long-lost rich uncle. If you invest all your inheritance in tax-free bond fund earning 6.9% compounded quarterly, how long do you have to wait to become a millionaire? (Round your answer to two deci
You've just won $110,000 from lottery. If you invest all this amount in tax-free money market fund earning 8% compounded weekly, how long do you've to wait to become millionaire?
In following ordinary annuity, the interest is compounded with each payment, and payment is made at the end of compounding period. Determine the accumulated amount of the annuity.
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