whats is the effective rate of interest earned on an investment that earns a fixed nominal annual rate of 2.5% interest, compounded 9 times per year?
answer to 2 decimal places.
I appreciate your help, my whole class is going crazy haha..
You invest £1,207 at the start of each year for the next 10 years at a fixed nominal rate of 4% interest, compounded annually. How much will you have in 10 years?
You invest £242 at the end of each month for the next 5 years at a fixed nominal rate of 2.7% interest, compounded monthly. How much will you have in 5 years?
ive got more those 2 questions.. is that ok?? thanks
the test is finished, thanks for your help hehe.. ive failed it.. but i can retake it again.. do you think you could help me with the questions? they are 11 questions and ive got more 3 hours to do it.. the test lasts one hour, if you help me out, i promess i will fully revise everything wen i get home..