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July 12, 2020 at 12:56 pm
The question says 3 months interest rate why have you converted it yet again to a monthly rate
John Moffat says
July 12, 2020 at 3:21 pm
I do actually explain in the lecture that interest rates are always quoted as annual rates even though they only apply to loans and deposits for the period stated (in this case 3 months). If the loan or deposit was for 6 months then the interest rate quoted would still be quoted as an annual rate, but would be a different annual rate.
September 17, 2019 at 5:53 pm
Hello, i am really confused about when to divide and when to multiply. Can someone help me please. Thank you
September 18, 2019 at 7:24 am
Have you watched the first in this series of lectures?
November 28, 2019 at 9:37 am
Basically this is the core problem most students faced,
Just remember one simple thing you have to pay high and receive low amount… so do your calculations in that way.
May 13, 2020 at 3:00 am
Use the following table
First currency. Second currency Payments _We buy Low rate High rate We sell. High. Low Conversion Division Multiplication
May 22, 2019 at 7:26 am
If you want to deposit $’s then you need to buy $’s in order to have $’s to put on deposit.
March 5, 2020 at 12:18 pm
Thank you. Helps!
March 5, 2020 at 2:49 pm
You are welcome 🙂
May 22, 2019 at 1:31 am
Hi Sir, When you convert the $ deposit of 7,874,016 to find out how many pounds you need to borrow, shouldn’t you divide by 1.6283 because you will have to sell $’s to buy pounds?
November 1, 2019 at 9:34 pm
same question sir, kindly reply
November 2, 2019 at 8:24 am
I did reply the same day – the reply is above the question 🙂
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