3. Given that P = 15,250, r = 3.25% and t=3 years, find the simple interest.4. If the interest rate is 12% compounded quarterly, what is the interest rate per conversionperiod?5. Given that Is = 3,750, r = 2 1/2 % and t = 3 years, what is the principal or present value?

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Given that P = 15,250, r = 3.25% and t=3 years, find the simple interest. %3D

Corporate Fin Focused Approach

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ISBN:9781285660516

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Chapter4: Time Value Of Money

Section4.17: Amortized Loans

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3. Given that P = 15,250, r = 3.25% and t=3 years, find the simple interest.
4. If the interest rate is 12% compounded quarterly, what is the interest rate per conversion
period?
5. Given that Is = 3,750, r = 2 1/2 % and t = 3 years, what is the principal or present value?

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