4-6 Which of the following relationships between compound interest factors is...
80.2K
Verified Solution
Link Copied!
Question
Finance
4-6
Which of the following relationships between compound interest factors is not correct? (a) Single payment compound amount factor and single payment present worth factor are reciprocals. (b) Sinking fund factor and uniform series compound amount factor are reciprocals. (c) Capital recovery factor and uniform series present worth factor are reciprocals. (a) Capital recovery factor equals sinking fund factor plus the interest rate. (e) Capital recovery factor and sinking fund factor are reciprocals. 5. For some interest rate i and some number of interest periods n, the uniform series capital recovery factor is 0.0854 and the sinking fund factor is 0.0404. the interest rate i must be (a) (b) (c) (a) (e) 3 1/24 4 1/28 6% 8% 9% 6. A bank pays 1interest on savings accounts four times a year. The effective annual interest rate is (a) 1.00% (b) 1.04% () 3.96% (a) 4.00% (e) 4.06%
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
