Annuity Quotes

Annuity Quotes
Time Value of Money Matters?

1) The difference between the future values of 14 – and an ordinary room annuity-13 is exactly 1.5 times quarterly cash flow. What should be the effective annual interest rate? 2) It took seven years to get a triple savings account balance. If the appointment type is based on compound semi-annually, which is the rate quoted?

2. 11%

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