Mathematics, 23.03.2020 15:07 gladyscasper44

7.
(i) If a bank advertises an interest rate of 9% per annum find the equivalent monthly
rate.
(ii) Find the final value (1 month after the final payment) of €200 invested every month
for 2 years in this bank.

Answers: 3

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7.
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7. (i) If a bank advertises an interest rate of 9% per annum find the equivalent monthly rate. (ii) Find the final value (1 month after the final payment) of €200 invested every month for 2 years in this bank.

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Other questions on the subject: Mathematics

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7.
(i) If a bank advertises an interest rate of 9% per annum find the equivalent monthly
rate.
(ii) Find the final value (1 month after the final payment) of €200 invested every month
for 2 years in this bank.