MATA32H3 Study Guide - Annuity, Preferred Stock
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MATA32H3 Full Course Notes
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Example 1: compute the compound amount when is invested for 5 years at the nominal rate of 8% compounded quarterly. Example 3: over a 5 year period, an original principal of accumulated to in an account in which interest was compounded quarterly. Determine the e ective rate of interest, rounded to two decimal places. Example 4: suppose attending a certain university cost ,500 in the. This price included tuition, room, board, books, and other expenses. Assuming an e ective 6% in ation rate for these costs, determine what the university costs were in the 2019 2020 school year. Example 1: find the present value of due after three years if the interest rate is 9% compounded monthly. Example 2: mr. smith owes mr. jones two sums of money: , due in two years, and , due in ve years. Assume an interest rate of 8% compounded quarterly.
