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Financial Maths: Nominal Interest Rate conundrums!
Hi people.
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
Attachment 23251
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?