Business & Finance Homework Help
Hello i need help solving this problem, thank you! i. Investment X for 100,000 is invested at a nominal rate of
i. Investment X for 100,000 is invested at a nominal rate of
interest j, convertible semiannually. After four years, it accumulates to 214,358.88. ii. Investment Y for 100,000 is invested at a nominal rate of discount k, convertible quarterly. After two years, it accumulates to 232,305.73. iii. Investment Z for 100,000 is invested at an annual effective rate of interest equal to j in year one and an annual effective rate of discount equal to k in year two. Calculate the value of investment Z at the end of two years.
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