Course: Financial Mathematics A capitalist places a sum of $12,500 at 4% per annum and 3.5 months later, another sum of $28,500 at 4.75%. After how much time will two (2) sums placed have yielded equal interest, and how much would first sum have yielded at twice the time, and how much would first sum placed at twice the time and with a discount of 0.5% in rate have yielded? Answers: 5.6 months of time and $408.33 yields the first sum. Please procedures are needed to get answer by professor THANKS :D
Course: Financial Mathematics A capitalist places a sum of $12,500 at 4% per annum and 3.5 months later, another sum of $28,500 at 4.75%. After how much time will two (2) sums placed have yielded equal interest, and how much would first sum have yielded at twice the time, and how much would first sum placed at twice the time and with a discount of 0.5% in rate have yielded? Answers: 5.6 months of time and $408.33 yields the first sum. Please procedures are needed to get answer by professor THANKS :D
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Course: Financial Mathematics
A capitalist places a sum of $12,500 at 4% per annum and 3.5 months later, another sum of $28,500 at 4.75%. After how much time will two (2) sums placed have yielded equal interest, and how much would first sum have yielded at twice the time, and how much would first sum placed at twice the time and with a discount of 0.5% in rate have yielded? Answers: 5.6 months of time and $408.33 yields the first sum.
Please procedures are needed to get answer by professor
THANKS :D
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