John needs to borrow $500,000 for three years. Which of the following option is more beneficial for him? (i) 3.2 % simple interest rate (ii) 1.6% compound interest rate when it is compounded...
John needs to borrow $500,000 for three years. Which of the following option is more beneficial for him? (i) 3.2 % simple interest rate (ii) 1.6% compound interest rate when it is compounded...
Calculate the present value of an annuity of $25000 paid at the end of each month of 2 years. The annual interest rate is 12%.
Suppose you are managing an account in which you deposit $20,000 at the end of each year for 20 years. How much amount you have accumulated with the assumption that you earn 5% interest compounded...