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For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is:0.7
Option 1: 9
Option 2: 10
Option 3: 11
Option 4: 12
Option 5:
At 3% annual interest compounded monthly, how long will it take to double your money?
Option 1: 20.1
Option 2: 21.1
Option 3: 22.1
Option 4: 23.1
Option 5:
Find the annual interest rate that produces $100,000 from $20,000 in 15 years.
Option 1: 0.0933
Option 2: 0.1033
Option 3: 0.1133
Option 4: 0.1233
Option 5:
For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is 4.2
Option 1: 1
Option 2: 2
Option 3: 3
Option 4: 4
Option 5:
Rs 1000 is being charged at 50% per annum. what is the interest for 3rd year at compound interest?
Option 1: 1122
Option 2: 1025
Option 3: 1125
Option 4: 625
Option 5:
For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is 8.4
Option 1: 1
Option 2: 2
Option 3: 3
Option 4: 4
Option 5:
Kramer borrowed $4000 from George at an interest rate of 7% compounded semiannually. The loan is to be repaid by three payments. The first payment, $1000, is due two years after the date of the loan. The second and third payments are due three and five years, respectively, after the initial loan. Calculate the amounts of the second and third payments if the second payment is to be twice the size of the third payment.
Option 1: 1389
Option 2: 1359
Option 3: 1379
Option 4: 1339.33
Option 5:
What is the difference between the compound interests on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly?
Option 1: 2.04
Option 2: 3.04
Option 3: 4.04
Option 4: 5.04
Option 5:
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