1. if money is worth 5% compounded quarterly, find the equated time for paying a loan of $150,000.00 due in 1 year and $280,000.00 due in 2 years.
2. Lee Andrew owes $25,000.00 due in 1 year and $75,000.00 due in 4 years. He agrees to pay $50,000.00 today and the balance in 2 years.How much must he pay at the end of two years if money is worth 5% compounded semi-annually?
3. MCC Engineering Consultancy borrows $2,000.00 for 6 years at an effective rate of 8%.At the end of the 6th year, the firm renews the loan for the amount due plus $2,000.00 more for 2 years if money is worth 5% compounded semi-annually?
4. A nominal interest rate of 3% compounded continuously is given in an account. What is the accumulated amount of $ 10,000.00 after 10 years ?
please help me solve this...i'm confuse....please help
thank u veru much
Tags: