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Business Maths help PLEASE

  • 25-08-2013 6:34pm
    #1
    Prodigy38
    Closed Accounts Posts: 11 ✭


    Hi i need to get these questions 100% right to pass my module, i was wondering if someone knows how to do them perfectly. and can show me, so i can make necessary corrections thanks. These are the questions,

    Formulas: FV=PV (1+R)-t
    PV-FV (1+R)-t
    P= R(PV)/1=(1+R)-t

    Section A
    Q1)
    (A) €750,000 is invested for 3 years at 6,5% interest. The interest is compounded MONTHLY. What is the future value of the investment.

    (B) An Investment of €16,000 yields €4,000 total interest at the end of 5 years. What is the total % interest?

    (C) Which is better €5,000 Now or €10,000 in 7.5 years time when the interest rate is 10% per year.

    (D) What is the TOTAL amount repaid on a 60 month lone of €3,600 at 8.4% interest when the equal repayments are made MONTHLY.
    Tagged:


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