Interest, deposits and loan math - practice problems - last page
Number of problems found: 122
- When will I be a millionaire?
Barry monthly sends 280 euros to the bank, which he deposits bear interest of 2.1% p. A. Calculate how many months Barry must save to save 1000000 euros. Inflation, interest rate changes, or bank failures are ignored.
- Profitable bank deposit 2012
Calculate the value of what money is lost to the creditor with a deposit € 11200 for 4 years if the entire duration is interesting 2% p.a. and tax on interest is 19%. Annual inflation is 3.7% (Calculate what you will lose if you leave money lying idle at
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