Questions and Answers
What is the formula for simple interest?
What is the formula for compound depreciation?
What is the formula for effective interest rate?
What is the formula for nominal interest rate?
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Which of the following is not a type of interest or depreciation?
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What is the value of A after 3 years if the principal amount is $100, the interest rate is 10% per year, and the interest is compounded annually?
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If a machine depreciates at a rate of 15% per year, what is its value after 2 years if the initial value is $500?
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If the effective interest rate is 12%, and the nominal interest rate is 11% compounded quarterly, what is the value of m?
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If the nominal interest rate is 12% compounded monthly, what is the effective interest rate?
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A company purchases a machine for $10,000, which depreciates at a rate of 10% per year. What is the total value of the machine after 5 years if the depreciation is compounded annually?
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