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Answer the given questions below using well explained

Answer the given questions below using well explained illustrations

  • 1. The government?s National Solidarity Bond offers 50% gross return after 10 years. Calculate the

     EAR for the bond.

  • 2. Write down in terms of n and P, the value on the retirement date of a payment of ?P made n months before retirement date.

  • 3. If Robert makes 480 equal monthly payments of ?P from now until his retirement, what value of P will give the fund he requires?


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