Math 162 LE1
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84 Terms
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find the effective rate of interest for each of the 4 years
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A of $2000 for 4 years if i=0.08
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1.11 = $787.40 and 1.12 = $772.18
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Find P if i=0.09 and A(3)=$1000
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investor earns 15% during 1st year, -0.5& during 2nd year, and 8% during third -year. find effective rate of return over the 3-yr period
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$260
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$300
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a) .1 b) .1
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$1190.91
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$582.50
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16
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$1150
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$3456
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c-a-b
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1.523
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$3281.25
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$2800
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12.08%
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20
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5
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14/205
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7.53%
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math example 1.2 (p. 20)
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