Mathematics
math homework compound interest

Question Description

compound interest business math please see attached homework sheet there is 9 questions thank you

Unformatted Attachment Preview

Final Answer

Attached.

1

Running head: COMPOUND INTEREST

Compound Interest
Your name
Institutional Affiliations
Name of Professor
Date of Submission

COMPOUND INTEREST

2
Business Math Homework

Q1: Monthly compounded rate of return, R is as follows:
Let initial investment be V and monthly return be R%.
Number of months = 8 x 12 = 96
Then,
V x (1 + R)96 = 3 x V
(1 + R)96 = 3
Taking 96th root,
1 + R = 1.0115
R = 0.0115
R = 1.15%

Q2: Equivalence annual return is computed as fo...

markhecktutor (8086)
Cornell University

Anonymous
Top quality work from this tutor! I’ll be back!

Anonymous
Heard about Studypool for a while and finally tried it. Glad I did caus this was really helpful.

Anonymous
Thank you! Reasonably priced given the quality

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors