# Financial Mathematics (Reference)

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# Description

In practice, the situation can occur when the relative size of the discount is indicated as a percentage for the entire term of the loan. For example, a bill maturing in 1.5 years is bought at a discount of 30%, but not annually, and for the entire period. If the sum is 1,000 rubles., The discount for the whole period will be 300 rubles. In this case, it is important to determine what is the price of credit in the form of annual interest rates.
Setting.
The relative size of the discount for the entire term of the loan (n) is x%. Determine the cost of credit in the form of:
- A simple annual interest rate,
- A simple annual interest rate
- Challenging the annual interest rate
- The nominal interest rate if the monthly calculation of interest.
Term of the loan n = 5.7, the relative size of the discount for the entire term of the loan is 57%

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