Financial Maths: Nominal Interest Rate conundrums!
I have an exam tomorrow :o
These i can find round about ways to doing them but they are just wrecking my poor brain at the moment.
Here are the questions
If somebody could do them out i would be eternally grateful,
The ones that are really bugging me are the last questions with nominal interest rates conversion to compounding etc. They all seem just a bit confusing.
Im soved the second part and think my answers are correct so that should be okay.
And the first question i am fairly sure i am correct but the APR bit is frustrating me, not 100% sure if i am correct, presume it is just .006^12.
For question 2) i solved the final answer to be 10,042EURO
Re: Financial Maths: Nominal Interest Rate conundrums!
Do you still need help with this?