When an investor evaluates a 6-month compound interest of 1.500.000 TL with an interest rate of 15 percent, how much will it be with interest after 4 years?
Amount=1,500,000=1,500,000=1,500,000
semi-annual rate =15/2=7.5%=15/2=7.5\%=15/2=7.5%
number of periods =4×2=8=4\times 2=8=4×2=8
values in 4 years = =1,500,000×(1+0.075)8=2675216.74=1,500,000\times (1+0.075)^{8}=2675216.74=1,500,000×(1+0.075)8=2675216.74
amount of interest =2675216−1500000=1,175,216.74=2675216-1500000=1,175,216.74=2675216−1500000=1,175,216.74
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A loan of 20000 at a rate of 5% is paid off in one years, compute the revised payment and create payment table.
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Dear Misa, please use the panel for submitting a new question.
A loan of 20000 at a rate of 5% is paid off in one years, compute the revised payment and create payment table.