Quantitative Finance

Introduction to Fixed Income

Interest Rate

         

If you invest 18001800 dollars in savings account that pays 55 percents compound interest, then how long does it take to double your money?

Suppose that 10001000 dollars is deposited in a bank paying an annual interest rate of 44 percent compounded continuously. What will be the balance after 33 years?

If you put 18001800 dollars in a savings account that pays 44 percent simple interest every year, what will be the balance in the account after 66 years?

If you put 600600 dollars in a savings account that pays 22 percent annual interest compounded yearly, what will be the year-end balance in dollars after 3 years?

If you put 600600 dollars in a savings account that pays 33 percent simple interest every year, how much interest will you earn after 33 years?

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