A trader pays BD600 at the beginning of each 3 months at 6% annually. What is the interest rate per period (i)?
a)
1.5%
b)
6%
c)
3%
d)
0.5%
2.
An annuity of BD80 is paid every 4 months for 3 years at a nominal rate of 2.5% compounded thirdly. What is the number of periods (n)?
a)
6
b)
3
c)
9
d)
12
3.
An annuity investment of BD120 is paid at the beginning of each six-month period, and the interest rate is 8% semiannually for 8 years. In this case, we have to:
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