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Fundamentals of Financial Services > KEY INFO > Flashcards

KEY INFO Flashcards

1
Q

How do you calculate surplus?

A

Subtract

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2
Q

How do you calculate effective intrest rate if intrest is charged quarterly. 6% per annum.

A
  • (1 + (0.06/4)^4
  • -1
  • *100
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Fundamentals of Financial Services (3 decks)

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