What is the maturity value of a 120 day, $800 promissory note with interest of %7 p.a An investment dealer purchased 364 day Treasury bills worth $100,000. They were bought 200 days before maturity to yield 4.11%. What did the investor pay for the T-bills What is the accumulated value of $600 invested today at 8% p.a. compounded semi- annually for 5 years and3 months
4- What is the present value of $ 7,500 due in 9 years if interest 6% p.a. compounded monthly How much was paid for a $ 2,000 non-interest bearing note discounted 3 years and 6 months before its due date at 8% compounded quarterly What is the nominal annual rate of interest compounded semi-annually if $ 700 accumulates to $ 1150 in 3 years7- What is the effective interest rate of 6.3% p.a compounded monthly
Chris saves $ 150 each month-end for 5 years. If interest is 6% compounded monthly, how much interest earned $450 loan payment was due 5 months ago, but didn’t get paid and another payment is to be made 3 months from now for $800. What one amount paid today would be equivalent to these amounts if interest is 8.5% p.a. compounded monthly Determine the proceeds of a promissory note for $4000 with interest at 5% p.a. compounded quarterly, issued September 1, 2009, due on June 1, 2015, and discounted on December 1, 2012 at 8% compounded monthly.
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