Let the annual interest rate be 5% and the time interval be [3,4]. Find i4 for...
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Let the annual interest rate be 5% and the time interval be [3,4]. Find i4 for (a) annual compound interest and (b) simple interest. (a) Given i(2) = 5%, find the effective rate i. (b) Given an effective rate of i=5.26%, find i(6), Let the annual interest rate be 5% and the time interval be [3,4]. Find i4 for (a) annual compound interest and (b) simple interest. (a) Given i(2) = 5%, find the effective rate i. (b) Given an effective rate of i=5.26%, find i(6),
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a Compound Interest till the end of year 3rd would be 1 Int3 1 105... View the full answer
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