1 Oswald and Martha both have €5000 to invest. Oswald invests his money in a bank that offers to pay 3.7% nominal annual interest compounded annually. Martha invests her money in a bank that offers to pay 3.5% nominal annual interest compounded monthly. Calculate who has the most money àt the end of 15 years.

Q: An account with an initial balance of 1500 earns 7% interest for 1.5 years. What is the ending…

A: Given:   Initial Amount P = 1500   Interest rate r = 7%   Time = 1.5 years   Find ending balance A…

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Q: The first credit card Elisabeth receives charges 13.81% interest compounded monthly to its…

A: compounded interest =13.81% n=4 months A=2425.23 i=13.8112×100   =0.011508 it is known that  A=P1+in

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A: INTEREST PAID BY BANK AT THE END OF 8YEAR=$132000-$76825=$55175 REAL RSTE OF INTEREST OF…

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A: ANSWER :