Activity 2.3
Complete the table below by finding the unknown.
Interest
Present
Value
Nominal Interest
rate (ilm)) compounded
Time
in
Compound
Interest
Maturity
Value
per
conversion
period 6)
Total
number of
conversions
(n)
years
60,000
3%
3
6%
quarterly
semi-
annually
4
40,000
Guide Questions:
For the first set of values
a. What unknown variable will you solve first?
b. How are you going to find j?
c. What will be n?
d. How much is the maturity value?
e. How much is the compound interest?
For the second set of values
a. What unknown variable will you solve first?
b. How are you going to find j?
c. What will be n?
d. How much is the maturity value?
e. How much is the compound interest?​