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Need help with the following 2 problems:

1. They offer you a promissory note with a four-year maturity, which will generate $ 3,000 at the end of each of the four years. Its price is $ 10,200. What is the implicit annual compound interest rate that you will receive?

2- Assuming that you will open a savings account with an initial deposit of $ 100,000, this account generates a compound interest rate of 5% per annum, and it is assumed that these interests remain in force in all future periods. Within 4 years, you will withdraw R , and you will continue to make R withdrawals for a longer time (the last withdrawal will be at the end of the ninth year) to have the following pattern of cash flows over time.

  • How much mustRriseso that his balance is exactly zero after the last withdrawalRat the end of the ninth year?

 

Computer Engineering, Engineering

  • Category:- Computer Engineering
  • Reference No.:- M93113931
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