Read, understand and solve the following questions. 1. If BD 12000 is invested on April 15,...
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Read, understand and solve the following questions. 1. If BD 12000 is invested on April 15, 2022 to October 29, 2022 at 3% interest find the maturity value if it was compounded monthly. 2. Predict how long it will take BD 11000 to accumulate to 21500 if the interest is 2% compounded semi-annually. Ahmed wants to have BD 50000 in his account by the end of 28 years and 5 months. How much should he invest today as interest if the bank paying 4% semi-annually? 3. 4. Decide at what rate compounded monthly will BD 20000 become BD 46000 for 11 years? 5. Compute the compound Interest if BD 6000 is invested at 2% compounded daily for 90 days. Read, understand and solve the following questions. 1. If BD 12000 is invested on April 15, 2022 to October 29, 2022 at 3% interest find the maturity value if it was compounded monthly. 2. Predict how long it will take BD 11000 to accumulate to 21500 if the interest is 2% compounded semi-annually. Ahmed wants to have BD 50000 in his account by the end of 28 years and 5 months. How much should he invest today as interest if the bank paying 4% semi-annually? 3. 4. Decide at what rate compounded monthly will BD 20000 become BD 46000 for 11 years? 5. Compute the compound Interest if BD 6000 is invested at 2% compounded daily for 90 days.
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Related Book For
College Algebra Graphs and Models
ISBN: 978-0321845405
5th edition
Authors: Marvin L. Bittinger, Judith A. Beecher, David J. Ellenbogen, Judith A. Penna
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