Calculate the following net factor rates. 1. One and a half years rate of interest of 8 percent 2. Semi-annual 4 percent rate of interest for 2.5 years 3. Quarterly rate of interest of 5% for 2 years

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
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Calculate the following net factor rates.
1. One and a half years rate of interest of 8 percent
2. Semi-annual 4 percent rate of interest for 2.5 years
3. Quarterly rate of interest of 5% for 2 years
Transcribed Image Text:Calculate the following net factor rates. 1. One and a half years rate of interest of 8 percent 2. Semi-annual 4 percent rate of interest for 2.5 years 3. Quarterly rate of interest of 5% for 2 years
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