Category: Economics problem

Solution: Determine the rate of interest

Solution: What is the nominal rate of interest compounded continuously for 10 years

Solution: Compute the equivalent nominal annual interest compounded continuously

Solution: How much should he invest in a fund that will pay 6% compounded continuously?

Solution: Find the time required for a sum of money to triple itself

Solution: Compute the effective annual interest rate which is equivalent to 5% nominal

Solution: How much is P5000 worth in 10 years in a continuously compounded account?

Solution: Compute the compound interest after 4 years and 9 months

Solution: How much is that worth now considering interest at 8% compounded quarterly?

Solution: Compute the effective rate of interest