What sum of money due at the end of 6 years is equivalent, Financial Management

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What sum of money due at the end of 6 years is equivalent

1. Find the effective interest rate if the stated nominal rate is 5½% compounded weekly.

2. What sum of money due at the end of 6 years is equivalent to $2,100 due at the end of 10 years if the compound interest rate is 10½ %?

3. If $920 is due in 2 years, find an equivalent amount of debt at the end of 10 months, and at the end of 30 months. Consider a compound interest rate of 7¼ %.

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Financial Management: What sum of money due at the end of 6 years is equivalent

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