1-) You deposit $100 into an account with a 3-month discounted nominal interest rate of...
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Finance
1-) You deposit $100 into an account with a 3-month discounted nominal interest rate of 20 percent. How many months do you need to keep your money in the account for this money to be at least $ 400 ?
2-) What percent should the monthly discounted nominal interest rate be to increase the $1,500 invested to $2,010 in 6 months?
3-) If you deposit $100 into an account with a continuous discount of 23% annual interest, how much will you have in your account at the end of the 7th year?
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