Question: without use Excel .. only by a formla For the first two years the annual effective interest rate is 6%. Then for D 2 the

 without use Excel .. only by a formla For the first

without use Excel .. only by a formla

For the first two years the annual effective interest rate is 6%. Then for D 2 the force of interest is 1/t1.t), where t is the numb 5 years. er of years from today. Calculate the effective annual discount rate over the 1.0.12 2.0.15 3.0.18 4,0.21 5.0.24

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!