FFN20303: A deposit of $500 (PV) made five years ago is worth $705.30 today (FV). The deposit pays interest semi-annually: Money and Capital Market Assignment, MSU, Malaysia
A deposit of $500 (PV) made five years ago is worth $705.30 today (FV). The deposit pays interest semi-annually. What is the interest rate? Note: If you press √ means that the reciprocal of power 2 (^2). In this calculation, it refers to power 10@ ^ 10, therefore...