ECN 801 Final: ECN801 – F2009 Final Exam
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What will e ective annual interest rate have to be in order for tom"s money to double after 10 years? (b) (4 marks) suppose jerry deposits ,000 today (i. e. , in period 0) in an account which pays compound interest. He continues to deposit money in this account, increasing his deposit by. How many years will it take to accumulate an amount whose present worth is. The bond was due in 8 years, and it had a bond interest rate of 5% per year, payable semian- nually. If the investor kept the bond to maturity, what is the equation that must be solved to. Nd the investor"s rate of return per semiannual period: answer each of the following: (a) (5 marks) army research laboratory scientists developed a di usion-enhanced adhesion process that is expected to signi cantly improve the performance of multifunction hybrid composites.
