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The difference between the compound interest and simple interest on a certain sum at 10% per annum for 2 years is Rs. 631. Find the sum.
Option 1: 6010000
Option 2: 61100
Option 3: 62100
Option 4: 63100
Option 5:
15 semiannual payments are made into a sinking fund at 7% compounded semiannually so that $4850 will be present. Find the amount of each payment rounded to the nearest cent
Option 1: 251.35
Option 2: 245.45
Option 3: 235.87
Option 4: 251
Option 5:
For S = $21,000, payments (R) of $1500 at the end of each 6-month periodi= 10% compounded semi-annually. Find the minimum number of payments to accumulate 21,000.
Option 1: 10
Option 2: 11
Option 3: 12
Option 4: 13
Option 5:
For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is:2.1
Option 1: 1
Option 2: 2
Option 3: 3
Option 4: 4
Option 5:
Sharon Stone deposits $500 at the beginning of each 3 months in an account earning 10% compounded quarterly. Determine how much money she has after 25 years
Option 1: 22681.19
Option 2: 23456
Option 3: 44577
Option 4: 25685
Option 5:
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:
Option 1: 625
Option 2: 635
Option 3: 645
Option 4: 655
Option 5:
The periodic interest rate corresponding to: 9.75% compounded semiannually
Option 1: 4.875
Option 2: 3.785
Option 3: 4.865
Option 4: 4.975
Option 5:
What lump sum deposited today would allow payments of $2000/year for 7 years at 5% compounded annually?
Option 1: 11572.71
Option 2: 11876
Option 3: 189756
Option 4: 11576
Option 5:
Calculate the periodic interest rate corresponding to 9.5% compounded monthly
Option 1: 0.7916
Option 2: 0.8916
Option 3: 0.9916
Option 4: 0.6916
Option 5:
What periodic payment will an investor receive from a $9000, four-year, monthly payment GIC earning a nominal rate of 5.25% compounded monthly?
Option 1: 29.38
Option 2: 39.38
Option 3: 49.38
Option 4: 59.38
Option 5:
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