Tag: Economics I Solution

Solution: What is the effective rate of 14% compounded semi-annually?

Solution: What is the effective annual interest rate on savings accounts?

Solution: Find how often the interest is compounded

Solution: What is the corresponding effective rate of 18% compounded semi-quarterly?

Solution: What is the effective rate?

Solution: How much will be repaid if the loan is paid back in one lump sum?

Solution: How much is the actual rate of interest?

Solution: What then will be the effective interest rate of a loan?

Solution: What is the cash price of the television set bought by Annie?

Solution: Find the present worth of P50,000 which is due at the end of 7 months