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What monthly compounded rate is equivalent to 5.5% compounded semiannually?
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Mathematics
Your father purchased a strip bond for his RRSP. He paid $1,800 for a $3,000 face value bond with ...
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Your co-worker discovered an old pay statement from seven years ago. Their monthly salary at the ...
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An investment of $10,000 on January 1, 1970 grew to $300,000 on January 1, 2010. What average ...
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Your company can obtain a business line of credit from a bank at 7.5% compounded semiannually, or ...
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An investment of $7,500 at 8% compounded monthly is now worth $13,280. How long ago was the ...
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If the population of Green City is growing at a rate of 5% per year, how long will it take to grow ...
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At 14% compounded annually, an investment of $50,000 will grow to $1,000,000 in 22.86 years. How ...
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A six-year, $20,000 GIC has a maturity value of $29,625. Calculate the semiannually compounded ...
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An invoice indicates that interest at the rate of 1.75% per month will be charged on overdue ...
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