Find the effective rate of the compound interest rate orinvestment. (Round your answer to two decimal places.)
A $50,000 zero-coupon bond maturing in 9 years and selling nowfor $42,035.
determine the amount due on the compound interest loan. (Roundyour answers to the nearest cent.)
$14,000 at 4% for 15 years if the interest is compounded in thefollowing ways.
(a) annually
$
caculate the present value of the compound interest loan. (Roundyour answers to the nearest cent.)
$29,000 after 8 years at 5% if the interest is compounded in thefollowing ways.
(a) annually
(b) quarterly
(b) quarterly
