Investing Questions and Answers

A man wishes to borrow £10,000 for two years and to repay the loan plus interest at the?

A man wishes to borrow lb10,000 for two years and to repay the loan plus interest at the
end of the two years.
Bank A charges interest on loans weekly at the nominal rate of 11% per annum. Bank B
charges interest on loans quarterly at the rate of 3% per quarter. Bank C charges interest
for the first six months beside an AER of 3% and for the remaining period beside an AER of
15%.
In each satchel calculate the amount payable at the train of the two year period. Which hill
would you choose for your loan?

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Answers: Bank A would be the best deal for a loan, charging single lb2,321 for the privilege of using their money. Total repayment is lb12,321.

Bank B and Bank C are fairly close charging ~lb2,667 (for a total of lb12,667) and ~lb2,669 (for a total of lb12,669) respectively.

cheers

Interest Rate?

A bank credits interest on deposits monthly at rate 0.5% per month. What is the nominal
interest rate (per annum) for interest compounded monthly? Find the corresponding
annual potent rate of interest.

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Answers: Do your own homework!

Where can I provide my Gold Coins today contained by Los Angeles?

I'd like to market my Gold and Silver coins today but most companies require that I mail it within which takes several days. I live within Los Angeles what is the easiest way for me to market my coins today?

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Answers: gold queue has an department in la. you might try within.

goldline.com

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Look in your phone book or on-line for coin dealer in your nouns. They all buy gold ingots and silver coins.