The annual effective rate of interest is a function of:
The annual effective rate of interest is a function of the annual nominal rate of interest and the number of compounding intervals per year.
7. The effective annual interest rate is 1 5%. What is the effective interest rate for two years (accumulated over 2 years with interest over interest)? What is the effective interest rate for ten years (accumulated over 10 years with interest over interest)? a. b. c. Assume interest is compounded monthly. What is the monthly interst rate? d. What is the simple annual interest rate? e. What is the simple interest rate for 2 years? For 10 years?
An effective annual interest rate of 20 % is equivalent to a stated annual interest rate of compounded 4 times per year. Select one: a. 18% b. 17% c. 18.7% d. 19.2% e. 17.5%
what is the effective annual interest rate of a credit card with a 24.7% annual interest rate compounded monthly?
Suppose that the nominal annual interest rate on an investment is 12%. Calculate the effective interest rate if compounding occurs continuously. Suppose that the nominal annual interest rate on an investment is 12% Calculate the effective interest rate if compounding occurs monthly.
Assume that nominal effective interest i(12) = .03. Find ? a) Annual effective interest rate i ? b) Monthly effective interest rate j ? c) Nominal interest rate i(52) compounded weekly. ? d) Nominal discount rate d(365) compounded daily.
if your effective annual discount rate is 7%, what is your effective quarterly interest rate?
an annual effective interest rate of 7%. Find the corresponding rates that are equivalent to this annual effective interest rate. Round all responses as Xxxx%. a.) Nominal semiannual interest rate
2. What nominal annual interest rate compounded monthly is equivalent to an effective annual interest rate of 8% per year for the first 10 years followed by a nominal annual interest rate of 5% compounded daily for the second 10 years? Give your answer as a percent rounded to three decimal places. Answer:
Calculate the effective annual interest rate for a $100,000 simple interest loan with 10% interest due at the end of the year and 10% compensating balance. Calculate the effective annual interest rate for a $100,000 discounted loan with 10% interest and 10% compensating balance.
Q3 What is the effective annual interest rate from a bank that offers annual interest of 10% compounded quarterly? A) 10% B) 11.25% C) 10.38% D) 40%