By working from year to year as in the worked example above, calculate the amount accumulated after three years at compound interest in the following cases. 1. £500 deposited at 10% p.a. 2. £1000 borrowed at 15% p.a. 3. £150 deposited at 6% p.a. 4. £1200 borrowed at 8.5% p.a. 5. £25 000 borrowed at 13.75% p.a.

By working from year to year as in the worked example above, calculate the amount accumulated after three years at compound interest in the following cases. 1. £500 deposited at 10% p.a. 2. £1000 borrowed at 15% p.a. 3. £150 deposited at 6% p.a. 4. £1200 borrowed at 8.5% p.a. 5. £25 000 borrowed at 13.75% p.a.

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 18E

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