Business Analysis:
Hints

Assignment Hints

  1. Use the simple interest formula
    I=PRT
  2. Use The formula R=I/PR
  3. Use the simple interest formula
  4. Use the formula I=PRT and add that to the regular amount
  5. Use the formula I=PRT, True rate = discount rate / price – discount
  1. a. FV = PV(1 + R/12)6
    b. FV – 4K
    c. Effective rate = (1 + R/12)12 – 1
  2. a. FV = PV(1 + R/365)183
    b. FV – 4K
    c. Effective rate = (1 + R/365)365 – 1
  3. Recommendation