%path = "maths/finance/annuity/monthly"
%kind = chindnum["problems"]
%level = 11
Assuming you put aside monthly €{{chiven.r}}
and get a monthly interest rate of {{chiven.i}}%,
what will this saving accrue to in {{chiven.n}} months?
a) with interest compounded at the end of the month? (annuity)
%chq(0)
b) with interest compounded at the beginning of the month? (annuity due)
%chq(1)
c) After how many months do the savings amount to {{chiven.m}} times the monthly annuity?
%chq(2)
d) Which effective annual interest rate is equivalent (conformal) to the monthly {{chiven.i}}%?
%chq(3,champles='(1.0-100.0)')