Find the proceeds of a $5000 7-year note bearing interest at 8% compounded quarterly discounted 2½ years after the date of issue at 6% compounded monthly.
Answers
Answered by
3
Answer:
Calculate the missing pieces of the puzzle (as indicated by ?) for the following compound interest GICs. Cells with N/A are not required.
3. $17,400
4.3% for 4 years
semi-annually
?
?
N/A
4. $25,000
2.9% for first year; 3.9% for second year
quarterly
?
?
?%quarterly
5. $51,000
3.9% for 5 years
monthly
?
?
N/A
6. $72,375
1.85% for 6 months; then 2.1% for 18 months; then 2.35% for 2 years
Semi-annually
?
?
?%annually
Similar questions