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  3. part b equal payments in 4 months and 7 months re

part b equal payments in 4 months and 7 months respectively (with the comparison...

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Finance

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part b

equal payments in 4 months and 7 months respectively (with the comparison date being 7 months). Find the size of each payment if the rate of simple interest is 6% p.a. (b) [4 marks) Suppose the annual compound) discount rated and the (annual compound) interest rate i are equivalent over n (years). Prove d=iti (c) 15 marks) A note of 1000 dated January 1, 2002 at 12% com- d ) equal payments in 4 months and 7 months respectively (with the comparison date being 7 months). Find the size of each payment if the rate of simple interest is 6% p.a. (b) [4 marks) Suppose the annual compound) discount rated and the (annual compound) interest rate i are equivalent over n (years). Prove d=iti (c) 15 marks) A note of 1000 dated January 1, 2002 at 12% com- d )

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