### Question Description

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

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## Final Answer

Attached.

1

Running head: COMPOUND INTEREST

Compound Interest

Your name

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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...

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