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Math Help - Financial Maths: Nominal Interest Rate conundrums!

  1. #1
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    Financial Maths: Nominal Interest Rate conundrums!

    Hi people.

    I have an exam tomorrow

    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

    Financial Maths: Nominal Interest Rate conundrums!-questioni.jpg

    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
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  2. #2
    MHF Contributor
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    Re: Financial Maths: Nominal Interest Rate conundrums!

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