#### Description of this paper

##### FIN - Interest Computation Problems

**Description**

solution

**Question**

Question;If you can triple your money in 23 years, what is the implied rate of interest?If you receive $329 at the end of each year for the first three years and $803 at the end of each year for the next three years. What is the present value? Assume interest rate is 10%.Say, you deposit $2,808 in a bank for 16 years. What is the amount you will have in the bank at the end of 16 years if interest of 6 % for first 7 years and interest of 9 % for the remaining years?If the effective rate is 15%. What is the nominal rate if compounding is dailyHow many months it will take to grow your money from $4,736 to $6,924 if you can earn an interest of 11% compounded monthly?If you can double your money in 9 years, what is the implied annual rate of interest, given that compounded in quarterly?If you can double your money in 9 years, what is the implied annual rate of interest, given that compounded semi-annually?How many years it will take you to quadruple (means 4 times) your money if you can earn 4.14% each year?How many years it will take you to double your money if you can earn 11% each year, given that compounding is quarterly?How many years it will take to grow your money from $3,613 to $7,162 if you can earn an interest of 12% compounded quarterly?

Paper#49336 | Written in 18-Jul-2015

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