Need some exercises w/ solns for compound interest, present value, nominal rate, etc

Janahi

New member
Joined
Dec 9, 2018
Messages
3
Hi All,

Can anyone provide me some problems with solutions for following topics:

Compound interest
Amount & present value
Nominal & Effective Rates
Annuity due and ordinary deferred annuity
needed for my final exam revision
 

Subhotosh Khan

Super Moderator
Staff member
Joined
Jun 18, 2007
Messages
18,780
Hi All,

Can anyone provide me some problems with solutions for following topics:

Compound interest
Amount & present value
Nominal & Effective Rates
Annuity due and ordinary deferred annuity
needed for my final exam revision
If you google:

worksheets "compound interest" - you'll find many websites with problem sets. Try it and let us know what you found.....
 

Denis

Senior Member
Joined
Feb 17, 2004
Messages
1,723
If you lend me some money, I'll gladly show
you how to calculate the monthly payment:rolleyes:
 

Jomo

Elite Member
Joined
Dec 30, 2014
Messages
3,772
If you lend me some money, I'll gladly show
you how to calculate the monthly payment:rolleyes:
I'll lend you some money, say $1,000. Simple interest. At the end of the week you owe me $1000 in interest plus the initial $1000. If you don't pay me the initial $1000, then at the end of the 2nd week you owe me $1000 in interest plus the initial $1000.
If you don't pay me the weekly $1000 interest, then I will simply go to Canada. You won't like that.
 

Denis

Senior Member
Joined
Feb 17, 2004
Messages
1,723
I'll lend you some money, say $1,000. Simple interest. At the end of the week you owe me $1000 in interest plus the initial $1000. If you don't pay me the initial $1000, then at the end of the 2nd week you owe me $1000 in interest plus the initial $1000.
If you don't pay me the weekly $1000 interest, then I will simply go to Canada. You won't like that.
Canadian funds?
 

Jomo

Elite Member
Joined
Dec 30, 2014
Messages
3,772
Canadian funds?
Sure. Just give me your full name, address, dob, ssn, cc # and bank account information and I'll send the funds directly to your account. Nice doing business with you.
 

Denis

Senior Member
Joined
Feb 17, 2004
Messages
1,723

Jomo

Elite Member
Joined
Dec 30, 2014
Messages
3,772
The feeling is not mutual!
Aw shucks I thought that we were buddies. And I need the interest money. OK, so can you loan me about $2500. I will pay you back in February 2040.
 
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