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#2 Re: Help Me ! » Time Value of Money » 2013-02-20 01:38:59

Thank you Bobbym!!!!!! Really appreciated it!!!

#3 Help Me ! » Time Value of Money » 2013-02-19 08:40:47

vatso
Replies: 3

1) What is the accumulated value of $150 invested for three years and three months when the rate of interest is 0.5% per month? The right answer is $182.21. How to you get to that figure?

2) $100 invested for two years at an interest rate of 2% per quarter. What is the difference between the compound and simple interest earned on this investment? The correct answer is $1.17. How you get this value?

3) What is the future value of £100 invested at 1% per month for five years? The correct answer is $181.67. How do you get that value?
Again, thank you in advance!!!!

#4 Help Me ! » Effective Annual Rate » 2013-02-19 08:31:08

vatso
Replies: 3

If the effective weekly rate is 0.12%, the effective annual rate is? The correct answer is 6.43%. How you get this value? Thank you in advance!!!

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