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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?
This question was answered on: Feb 21, 2020
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