Please write your name and student ID first in your answer script

Economics Feb 03, 2022

Please write your name and student ID first in your answer script. From leftmost take your 4th digit of your student ID = X, 5th digit of your student ID = Y, 6th digit of your student ID = Z. Q1. How many years will it take to make your investment $10,000 to $15,000 when interest rate = (Y+1) %? (5) Q2. Let us take APR = (2+2) %. Now calculate the EAR for continuous compounding. (5)