Cube root + money - practice problems
Number of problems found: 3
- Present value
A bank loans a family $90,000 at a 4.5% annual interest rate to purchase a house. The family agrees to pay the loan off by making monthly payments over 15 years. How much should the monthly payment be in order to pay off the debt in 15 years? - Rate or interest
At what rate percent will Rs.2000 amount to Rs.2315.25 in 3 years at compound interest? - Annual income
The annual income (in thousands of $) of fifteen families is 60, 80, 90, 96, 120, 150, 200, 360, 480, 520, 1060, 1200, 1450, 2500, 7200. Calculate the harmonic and geometric mean.
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