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Finance HW 1

Last updated almost 7 years ago

12 questions

Note from the author:

Simple and Compound interest, including effective rates

1

FInd the maturity value of a simple interest loan of $400 at 2.1% for 9 years

1

Find the accumulated amount of an investment of $413.99 compounded quarterly at 4.25% for 8.5 years

1

Find the accumulated amount of an investment of $150 at simple interest rate of 1.5% for 7 months

1

Find the principal if the accumulated amount is $8499.81 after 3 years compounded monthly at r = 2%

1

Find the effective rate if the nominal rate is 3.5% compounded weekly

1

Find the simple interest rate if $500 accumulated to $683.70 for an 11 year term

1

How long would it take $120 to double at a simple interest rate of 3%?

1

Find time of a compounded investment if A = 262.94, P = 190.00, r = 2.2%, and m = 5

1

Find A if P = $8000, r = 0.9%, t = 11 months, and m = 2.

1

Find the prinicipal of a simple interest loan if A = $831.44, r = 0.4%, and time is 9 1/2 years

1

FInd the effective rate if the nominal rate is 4.1% compounded daily

1

Find time if A = $884.94, P = $750, compounded monthly at 2.3%