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Exam 9: Compound Interest: Further Topics and Applications

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Exam 1: Review and Applications of Basic Mathematics205 Questionsadd course
Exam 2: Review and Applications of Algebra379 Questionsadd course
Exam 3: Ratios and Proportions148 Questionsadd course
Exam 4: Mathematics of Merchandising130 Questionsadd course
Exam 5: Applications of Linear Equations91 Questionsadd course
Exam 6: Simple Interest159 Questionsadd course
Exam 7: Applications of Simple Interest90 Questionsadd course
Exam 8: Compound Interest: Future Value and Present Value155 Questionsadd course
Exam 9: Compound Interest: Further Topics and Applications168 Questionsadd course
Exam 10: Ordinary Annuities: Future Value and Present Value137 Questionsadd course
Exam 11: Ordinary Annuities: Periodic Payment, Number of Payments, and Interest Rate107 Questionsadd course
Exam 12: Annuities Due277 Questionsadd course
Exam 13: Annuities: Special Situations20 Questionsadd course
Exam 14: Loan Amortization: Mortgages88 Questionsadd course
Exam 15: Bonds and Sinking Funds177 Questionsadd course
Exam 16: Business Investment Decisions129 Questionsadd course
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The current balance on a loan is $3837.30. If the interest rate on the loan is 10% compounded monthly, how long ago was the $2870 loan made?

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Question 161

Calculate the term of the loan or investment: Calculate the term of the loan or investment:

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Question 162

Calculate the missing interest rate (to the nearest 0.01%) Calculate the missing interest rate (to the nearest 0.01%)

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Question 163

The following table presents the rates of total return in successive years from 2004 to 2008 for the Sceptre Canadian Equity Fund and for the benchmark Toronto Stock Exchange S&P/TSX Composite Index. By how much did the mutual fund's overall percentage return exceed or fall short of the Index's The following table presents the rates of total return in successive years from 2004 to 2008 for the Sceptre Canadian Equity Fund and for the benchmark Toronto Stock Exchange S&P/TSX Composite Index. By how much did the mutual fund's overall percentage return exceed or fall short of the Index's growth? growth?

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Question 164

Is FV negative if you lose money on an investment?

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Question 165

Calculate nominal rate of interest (to the nearest 0.01%): Calculate nominal rate of interest (to the nearest 0.01%):

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Question 166

Calculate the equivalent interest rate (to the nearest 0.01%) Calculate the equivalent interest rate (to the nearest 0.01%)

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Question 167

What monthly compounded nominal rate has an effective rate of 14.29%

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Question 168
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