Fill This Form To Receive Instant Help
Homework answers / question archive / Find the rate of interest if compound amount factor compounded bi-monthly for 5 years is equal to 1
Find the rate of interest if compound amount factor compounded bi-monthly for 5 years is equal to 1.487887. • A.7% • B. 5% • C. 8% • D.6% 2. Compute the nominal rate for a period of 6 years for an effective rate of 8.33% if it is compounded continuously. • A. 7% • B. 5% • C. 8% • D.6% 3. A man loan P2000 from the bank. How long would it take in years for the amount ofthe loan and interest to equal P3280 if it was made at 8% simple interest. • A. 7 years • B. 5 years • C. 8 years • D. 6 years 4. A man loan P2000 from the bank. How long would it take in years if it was made at8% compounded quarterly. A. 5.25 years B. 7.25 years • C. 6.25 years • D. 8.25 years
Already member? Sign In