a.) if the agreed interest rate is 14% compounded yearly, how much is the accurate value of n1? b.) if the parties agreed to use of an approximate rule, how much is the value of n2?
a.) if the agreed interest rate is 14% compounded yearly, how much is the accurate value of n1? b.) if the parties agreed to use of an approximate rule, how much is the value of n2?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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samson entered into an agreement with delilah bank whereby the latter shall pay the former double the amount after a period of n years.
a.) if the agreed interest rate is 14% compounded yearly, how much is the accurate value of n1?
b.) if the parties agreed to use of an approximate rule, how much is the value of n2?
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