Business Studies, asked by obaid4197, 1 year ago

A sum invested at ci payable annually the int on two successive years was 225 and 236.25 respectively find the rate of int and the principle

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Answered by Anonymous
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You should definitely get these additional practice problems. .... What are the effective rates of interest for years I, 2, 3, ... , t? .... IEMfl is the amount of each payment of an annuity.

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