1.At what nominal rate, 30 quarterly deposits of $ 12600 per quarter advance will give an amount of $ 591600 four months after the last deposit was made?

2.What is the annual interest rate paid on the purchase of a Blue-ray player that is offered through 24 bi-weekly advance payments of $ 200 if it has a cash value of $ 4125?

Answer rating: 100% (QA)

Here are the calculations for the nominal interest rates 1 Nominal Interest Rate ... View the full answer