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Home Q & A Board Science-Related Homework Help Mathematics
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Anonymous bio_man
wrote...
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A year ago
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, find the equivalent payments at the times shown below.

(a) now
(b) in 12 months
(c) in 24 months
(d) in 36 months
 
Determine the value of the nominal annual rate of interest, j.

Determine the number of compounding (conversion) periods per year, m.
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Anonymous AuthorAnonymous
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#1
A year ago
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Anonymous Author
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A year ago
Thanks for your help!!
patyfeitosa
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Yesterday
You make an excellent tutor!
TheMoffattMan
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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