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    csstarter9's Avatar
    csstarter9 Posts: 2, Reputation: 1
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    #1

    Feb 14, 2008, 12:09 PM
    Equivalence Calculations Using Effective Interest Rates
    4,638 in 10 years at 6% compounded semiannually.


    6,500 in 15 years at 8% compounded quarterly.


    28,300 in 7 years at 9% compounded monthly
    rodandy12's Avatar
    rodandy12 Posts: 227, Reputation: 24
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    #2

    Feb 14, 2008, 01:18 PM
    8376.74
    21326.7
    53011.61
    Osano's Avatar
    Osano Posts: 1, Reputation: 1
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    #3

    Mar 11, 2010, 01:12 AM
    For P=4638 charging 6% p.a. semi-annually is I= 3%; 10 years have n=10*2=20 interest periods; we have Future value=8376.74;
    For P= 6500 charging 8% p.a. quarterly is I=2% ; in 15 years we have n=15*4=60 quarters; Future value=21326.7;
    For P= 28300, charging 9% p.a. monthly is I=0.75%; in 7 years we have n= 7*12=84 months; Future value =53011.62
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